Rubber overcapacity situation in the short term is difficult to improve

Outer plate movements : Tokyo Commodity Exchange (TOCOM) 7 rubber contract on Thursday fell 9.8 yen to settle at 210.8 yen per kg.Sellotape


News: 1 , Rubber Trade Association of Japan the latest data showed that as of January 20 , the Japanese port of rubber stocks further increased by 17.6% to 15,474 tonnes , rising to eight-month high . 2, QinRex according to the Ivory Coast Grand Bassam January 28 news , Ivory Coast Natural Rubber Association said on Tuesday that Ivory Coast 's natural rubber output in 2013 increased by over 13% to 290,400 tons, but for farmers and processors to reduce income tax is threatening the country's production target .Washi tape


Spot: natural rubber market in Shanghai , Yunnan, state-run newspaper New plastic 15800-16100 yuan / ton ; Hainan, state-run newspaper New glue 16,000 yuan / ton, 12-year old state-run newspaper at around 15,300 yuan glue / ton , marking the second reported in Yunnan 14,800 yuan / ton, Thailand 3 # smoke film with 17% tax at 16500-16600 yuan / ton.

Warehouse inventory : the period of the natural rubber stocks 161,290 tons , an increase over the previous trading day 0 t .Masking tape


Summary view : the main origin of the global rubber production continued to grow rapidly , resulting in a major global port inventories continue to increase , rubber overcapacity situation is difficult to improve the short term, from the domestic spot market , the market continued to decline the offer , the downstream plant demand weakness , real Simple thinly traded. In terms of supply and demand , the supply of rubber in the international market continue to increase , the domestic supply of latex into the seasonal decline , with 2013 Chinese shadow banking loan scale new heights, the national executives expressed concern that easing is expected to make pre- clear reproduction shadows, overall bad rubber. The United States continues to reduce debt before the holiday shopping scale , emerging market panic selling in the short term due to the outflow of hot money in Japan , the Japanese domestic capital remained tense , followed by Japan's stock market crash , and then Tokyo rubber June contract fell sharply , down by over 7% , the Festival will Budie domestic rubber , while the outflow of domestic capital will , money is tight after the holiday will become the norm in the short term will be bad rubber. From the technical side , Hujiao 1405 contract breaking 16,000 mark integer down, suggested relying on rallies Qingcang 5 day moving average trading , breaking 15,600 mark stop.Wholesale masking tape