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Chinese Rubber Industry Association thirty-third secretary general working conference held in Beijing
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Natural rubber 1501 contract expires after delivery, 1505 contracts in support of 12300 yuan / ton line, price center of gravity shift slowly. However, the fundamentals of rubber market did not appear let a person shine at the moment to improve.
The market obviously polarization
As of last Friday, the Thailand market, white USS rose to 58.3 baht / kg, 3 smoke film up to 62.9 baht / kg, but the latex below 40 baht / kg, glass glue reported to 37.5 baht / kg. Between the white sheet and sheet tobacco and latex spread has more than 15 baht / kg.
Latex is the main raw material of white film, in the past few years, the two price differences remained in stable range, white film and emulsion spread more than 15 baht / kg in only appeared in the first half of 2011. The bid ask spread is mainly originated from the end of 2014, Thailand rubber farmers repeatedly asked the government to protest the glue price is too low, then the Thailand authorities promised to uplift glue price. Therefore, hand southeast producing country is cut through the season, latex, glass glue the price down, but on the other hand, the white sheet, smoke sheet by the Thailand government support and strong price. Can be expected, at least in the lunar new year before the arrival of white film and emulsion to narrowing spreads.
The domestic market, smoke sheet last week to stabilize in the 1700 U.S. dollars / ton, glue from earlier in the week 1430 dollars / ton rose to 1460 U.S. dollars / ton. With the international crude oil prices continued downward, butadiene prices dropped significantly, East China Sinopec ex factory price has dropped to 6400 yuan / ton. Synthetic rubber SBR 1502 Qilu Chemical City and Shanghai area has dropped to 9000 yuan / ton. Because the raw materials decreased faster than the finished product, the two bid ask spread, if the downstream demand is insufficient, so the synthetic rubber market outlook is still down space. Thus, apart from the white sheet and the sheet tobacco Thailand government support, other raw material prices and synthetic rubber spot prices are at the bottom of.
Traders to import partial cautious
As of January 16th, Qingdao Free Trade Zone compound glue stock is 12 at the end of last year increased by nearly 30%, drives the total inventory increased 8.7%, to 142400 tons. At the beginning of this year's announcement shows, composite gel national standard will be implemented from 2015 July, the beginning of the year later than the market expected execution, thus imported adhesive gradually restored, is expected to follow the imports will continue to increase, thereby driving the stock rebound in bonded area. However, it is understood, because years ago shipment is not smooth, traders to import partial cautious, so I think that, even if complex gum base exists nearly half a month growth rate, are also derived from the base effect.
Downstream not too bright
As of January 16th, all steel tire enterprises in Shandong area utilization rate was 58.07%, semi steel tire enterprises operating rate of 67.01%, but far below the normal period last year 70%, 80% of the operating rate, and some manufacturers have the Spring Festival holiday in advance plan, will be shut down 2 early start. Terminal of the automobile industry, according to the car dealer inventory survey of China Automobile Circulation Association released the results: in 2014 December the national automobile dealers comprehensive inventory coefficient is 1.53, a decline of 16%, rise compared to the same period 53%, dealer inventory pressure eased, but still above the warning level.
In addition, in January 21st, the United States China tire "dual" preliminary results identified, the U. S. Department of commerce that China exports to the passenger car and light truck tires in the United States was dumping, dumping margin from 19.17% to 87.99%. In 2014 November, the Ministry of Commerce announced the preliminary results American, identified the products imported from the mainland China existing subsidy behavior, subsidies range 12.5% to 81.29%.
Tire industry faces to the inventory to productivity, foreign trade environment deterioration, eventually will transfer to the upstream raw materials, rubber bottom long way.
To sum up, the price of natural rubber producing countries affected by Southeast Asia production season, synthetic rubber prices dragged down the domestic tire plant is shut down and the lower reaches of the bear market, not. However, settled to HuJiao, operation is difficult to simply according to the above basic. Because the period on the delivery goods for the domestic and imported tobacco latex film, the current domestic regions in stop cutting period, the short term warehouse singular Co., and smoke film by Thailand government support, there is no arbitrage opportunity, to take into account the number of delivery goods in storage Shouchu brought reduced, Shanghai glue but there may be up. Thus, the spot market need only consider the fundamentals, the futures market must also take into account the delivery of goods, warehouse and storage and other special factors in china. In the role of straddle factors, compared with the spot market, HuJiao before the Spring Festival will remain relatively strong, the overall operation in the balance system of.
TAG: latex tube silica gel tube medical silica gel tube food grade silicone tube imported silicone tube
This article from the Shenzhen City Qiyu Silicone Rubber Co., Ltd.: http://www.szhcty.com/news_v.asp? Id=306
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