The hottest LUZHENG futures rubber opened low and

LUZHENG Futures: Rubber opened low and went high to continue weak consolidation

I. summary of trading in the previous trading day

Shanghai Tianjiao futures 0811 contract opened low and went high yesterday, with weak shocks. Yesterday, the 0811 contract opened significantly lower than the settlement price of the previous day. After the opening, it fluctuated and fell. Then it gradually stabilized and began to rise. It rose rapidly in the afternoon and fell slightly in the late afternoon. The final market closed at 22335 yuan/ton, down 0.47%. The trading volume was significantly larger than the day before yesterday, and the position increased slightly. The trend of Shanghai Tianjiao futures 0809 contract was stronger than that of 0811 contract, with reduced trading volume and positions

II. Recent news impact

in July, the overall level of consumer prices rose 6.3% year-on-year. Among them, the urban growth rate was 6.1%, and the rural growth rate was 6.8%; Food prices rose by 14.4%, while non food prices rose by 2.1%; The price of consumer goods rose by 7.8%, and the price of service items rose by 1.5%. In addition, in July, the ex factory price of industrial products in China increased by 10.0% year-on-year, and the purchase price of raw materials, fuels and power increased by 15.4%. In July, the ex factory price (PPI) of China's industrial products rose by 10% year-on-year, and the purchase price of raw materials and Shanxi Aluminum Plant Director Wang Tianqing's fuel and power rose by 15.4%. This is also the highest increase in PPI since 1996. Among the ex factory prices of industrial products, the ex factory prices of means of production increased by 11.7% year-on-year. The ex factory price of means of living increased by 4.6% year-on-year, of which the price of food increased by 9.1%, while the price of durable consumer goods decreased slightly

the latest data released by the rubber board of India (22495245.00,1.10%, bar) shows that from April to July 2008, the export volume of Indian rubber was 23998 tons, an increase of 38% over 14816 tons in the same period of 2007. Affected by favorable conditions in the global market, the export volume in July significantly increased, reaching 10862 tons. Recently, the American Rubber Manufacturers Association said in New York: affected by the deterioration of the economic situation, it is expected that the shipment of tires in 2008 will be 298million sets, down 4% from 310million sets in 2007. Due to the continuous decline of automobile production in North America, the shipment of new passenger car tires in 2008 will decline by more than 11% to 41 million sets. The high international oil price has affected the sales of high fuel consuming trucks and sport utility vehicles, and the shipment of light truck new vehicle tires will decline by more than 35% to 3.8 million sets. According to the latest data released by automobile manufacturers, the annual sales volume of vehicles in the U.S. market in July was 12.5 million, far lower than the 17million in 2005, falling to a 16 year low. The declines of general motors, Ford and Toyota were all in double digits. Whether the new car sales in the U.S. market in June can meet your work needs by about 18%, the lowest monthly sales record in 15 years. The overall sales volume in the U.S. market decreased by about 1189000 vehicles, down 18.3% year-on-year

oil shortages have broken out in many regions in China since this year, affecting the use of cars. July has always been the traditional off-season for automobile sales. According to the statistics of China Automobile Industry Association, the national passenger car sales in July were 488200, falling below 500000, with a month on month decrease of 17.02% and a year-on-year increase of 6.79%. In June, the automobile production was 837200, with a month on month decrease of 1.98% and a year-on-year increase of 13.96%; Sales of 836800 vehicles, a month on month increase of 0.15%, a year-on-year increase of 15.35%, and the production and sales rate was 99.95%

according to the inventory data released by Shanghai Futures Exchange, the inventory of natural rubber increased by 5570 tons to 27715 tons last Friday (August 1), an increase of 25.2%. Speculators shorting contracts in September are increasing inventory, and the current price is difficult to attract too much cash to the warehouse. It is expected that the inventory in Shanghai will not recover to the level of 50000 tons before November

in spot, You can refer to the following table:

summary

date average price of product pending orders highest price lowest price

cnr/concentrated latex 10571672417700 16550

scr5/5 "standard glue 490 27343 27450 27000

scr10/10" standard glue 360 25695 26000 25400

scr20/20 "standard glue 120 25543 25700 25000

SCR5 (n)/5".# coagulation standard 84 26800 27100 26400

SCR5 (R)/5# milk standard 342 27082 27100 26950

SCR5 (z)/5 # crepe standard 189 26600 26850 26400

scrg/Jiaoqing glue 63 22300 22300 22300

Haikou trading hall

date average price of product listing volume highest price lowest price

cnr/concentrated latex 94716690 17540 16550

scr10/10 # standard glue 18 25400 25400 25400

scr20/20 # standard glue 105 25620 25700 25300

SCR5 (n)/5 # coagulation standard 84 26800 27100 26400

SCR5 (R)/5 # milk standard 342 27082 27100 26950

SCR5 (z)/5 # crepe standard 189 26600 26850 26400

scrg/gum clear rubber 63 22300 22300 22300

Kunming trading hall

date average price of product listing quantity highest price lowest price

cnr/concentrated latex 10 17700 17700 17700

scr5/5 # standard rubber 490 27343 27450 27000

scr10/10 # standard rubber 3 simultaneous cycle torque range relative repeatability and cycle torque peak relative repeatability the index is required by 1% 42 25711 26000 25700

scr20/20# Standard glue 15 25000 25000 25000 25000

Guangdong trading hall

date average price of product pending orders highest price lowest price

cnr/concentrated latex 100 1695017000 16900

III. operation suggestions

for this kind of rubber, we still maintain the idea that the popularity will be further expanded. In terms of operation, it is suggested that investors should pay attention to whether the 22500 front line poses pressure on the price, which can be used as the exit price of short-term empty orders. At the same time, it is recommended to pay attention to the evolution of the trend shown in the above figure

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