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Shanghai rubber rose slightly, mainly driven by the strength of crude oil
.
Yesterday, the domestic spot price continued to fall slightly, and the glue in the Yunnan production area was still 10.
05 yuan / kg, which was converted to a finished product price of about 11200-11500 yuan / ton
.
The domestic spot quotation of whole milk is 10850 yuan / ton, and the main contract is 505 yuan / ton, and the price difference has widened
.
Port U.
S.
dollar rubber prices continued to decline as concerns about the impact of the drought eased as increased rains eased Thai raw material prices, which were mixed yesterday
.
The overall performance of the spot market is weak
.
According to news, the four departments of Thailand signed a MOU memorandum, hoping to comprehensively enhance the competitiveness
of Thailand's rubber industry.
This also indicates that Thailand's rubber industry will enter an era
of innovation.
The Institute of Industry of Thailand, the National Center for Metal and Materials Technology, the National Rubber Authority, the National Office of Science and Technology, and Prince of Songkla University signed a MOU cooperation memorandum of understanding, hoping to integrate the resources and advantages of all parties and innovate
around all aspects of the rubber industry.
Recently, the central bank released data showing that at the end of April, the balance of broad money (M2) was 144.
52 trillion yuan, an increase of 12.
8% year-on-year, the growth rate was 0.
6 percentage points lower than the end of last month and 2.
7 percentage points higher than the same period last year; the balance of narrow money (M1) was 41.
35 trillion yuan, an increase of 22.
9% year-on-year, the growth rate was 0.
8 and 19.
2 percentage points higher than the end of last month and the same period last year, respectively; the balance of money in circulation (M0) was 6.
44 trillion yuan, an increase of 6.
0% year-on-year
。 Net cash withdrawal for the month was RMB24.
8 billion
.
Inventories in the Qingdao Free Trade Zone released at the end of last week continued to decline by 5.
9% from the end of last month to mid-May, which was somewhat supportive
of prices.
Yesterday's delivery volume of the May contract was 150,000 tons, the delivery volume is large, and the flow market will also put some pressure
on the spot price.
In the short term, the narrowing of the price difference between synthetic rubber and tianjiao also supports the price of tianjiao, in the medium term, the downstream consumption growth rate will slow down, and with the advent of the cutting season, the supply will gradually be abundant without problems, therefore, the supply and demand of tianjiao in the middle line will gradually turn to loose
.
However, at present, the price has fallen a lot, and there are still some factors that can be speculated, and it is not recommended to chase short and wait for the opportunity
to sell short after the rebound.
