Shanghai rubber futures price lowest opening

Today, the main force of the 1501 natural rubber futures contract closing price of 12,715 yuan / ton, compared with the previous day’s settlement price rose 1.23%. Contest for 417,308 transactions a day hand positions to reduce the 2380 hand to 162,130 hands.

Spot Market

November 19, today in Shanghai rubber market price decline, the market supply less than normal, with less cash down efforts, currently reported as follows: 13 years of state-owned full latex offer 11,200 yuan / ton.

SBR SBR market in Shanghai offer stable and small setback, Kyrgyzstan 1502 reference price at 11,500 yuan / ton in the vicinity, Fushun 1502 reference price to 10,800 yuan / ton, Qilu 1502 reference pricing in 11,850 yuan / ton, Young Kim 1502 reference pricing in 11,400 yuan / ton, Four Oaks 1502 reference pricing in 11,000 yuan / ton. 

Quote for reference only, actual single specific negotiations, some businesses that Real Simple has some discussion space, but cheap shipping will still not strong. BR: high-cis polybutadiene rubber market price in Shanghai steady weakening. Daqing butadiene reference price in 12400-12500 yuan / ton, Maoming butadiene reference price at 11,900 yuan / ton, blue Deshun Ding reference price at 11,900 yuan / ton, Sichuan butadiene reference price at 11,600 yuan / ton in the vicinity, Takahashi butadiene to 12700-12800 yuan / ton. Weak demand, the industry has little confidence in the market outlook, follow the market offer ship-based. Quote for reference only, actual single specific negotiations.

Expectation

Current rubber fundamentals relative stalemate, on the one hand, at this stage of the fundamentals of supply and demand of natural rubber interdependence, and the short-term outlook is more American countervailing policy as well as preliminary results of the implementation of futures contracts for delivery in 1411 an event-type risk impact on the price remains have significantly stronger grounds. 

But on the other hand, pre-adhesive standards on domestic policy adjustments have largely been implemented, the world’s major rubber producing countries will reserve price set at $ 1,500/ tonne and Thai authorities about the size of the upcoming 58.5 billion baht rubber prop policy Factors futures contract prices are expected to be 1501 at the bottom of the stage for the rubber prices have some support. 

So the short-term 1501 prices or weak shocks within 12000-13000 yuan / ton range, although the outlook for the introduction of favorable policies relevant authorities still have strong expectations, but short

-term fundamentals difficult to improve torsional resistance possible, short height or above limited, the proposed single wet storage space to hold.