The Rubber Is Boosted By The Easing Of The Trade War And There Is Still The Possibility Of Rebound

- Aug 16, 2019-

Foreign media: the United States will postpone the imposition of tariffs on some Chinese goods until December 15.

The U.S. trade representative said it would remove some products from the remaining $300 billion list.

The 10 per cent tariff on mobile phones, computers, some toys, monitors and some clothes and shoes will be extended to December 15 (instead of September 1).

The authorities will complete the culling process as soon as possible.

Xinhua: on the evening of August 13, liu he, member of the political bureau of the CPC central committee, vice premier of the state council and Chinese leader of the china-us comprehensive economic dialogue, spoke with us trade representative Richard lighthizer and finance minister Steven mnuchin.

China has made solemn representations on the us plan to impose tariffs on Chinese goods to the us on September 1.

They agreed to speak again in the next two weeks.

Minister of commerce zhong shan, governor of the people's bank of China yi gang, deputy director of the national development and reform commission ning jzhe and other officials attended the call.

Domestic demand is relatively flat, from several consulting agencies on the tire factory research report, the next few months can maintain the current situation is very good.

The spot market fell back.

RMB whole milk fell back 100 yuan/ton, and the current mainstream quotation is about 10350 yuan/ton.

Free trade zone quotation fell back, decline for 5 dollars per ton.

The mainstream quotation is between usd 1315- usd 1325 / ton.

Outside the market fell particularly large, down $10- $20 / ton, quoted between $1325- $1335 / ton.

After several days of strength, synthetic glue appeared to fall back.

Butadiene 1502 partially fell 100 yuan/ton, the current quotation is between 10800 yuan and 10950 yuan/ton.

Several appearances of shunding appeared a fall of 50 yuan/ton, and the mainstream quotation was between 11050-11250 yuan/ton.

Shanghai glue in the short - term long - air force balance.

In terms of supply, the weather returned to normal in major rubber producing areas at home and abroad, and the output increased significantly.

Although the so-called cost support is still circulating in the market, the raw material price in Thailand continues to go down, and the cup glue price has been under 35 baht for a long time, so the low price does not obviously inhibit the supply.

In terms of demand, the overall demand is still weak, and the characteristics of off-season are obvious. As the overall environment of the automobile market changes, there is no driving force for better demand in the future.

Because demand overall is relatively smooth, so the core factor that decides price at present is rubber supply.

Fundamentals are still down, disk trend downward, short-term trend to sideways.

The old warehouse receipt of contract 09 has 350,000 tons. The pressure of warehouse receipt needs to be digested, which will still make the whole milk continue to grind.

From the perspective of the afternoon, the whole milk still exists due to the warehouse receipt pressure. At the current price, the downstream receiving power is insufficient, and the whole milk will have downward kinetic energy.

After the rubber bottomed out near 11300 on Tuesday night, it was quickly lifted by the easing of the trade war and returned to the vicinity of the 20th daily average. However, the warehouse was reduced and the overall impact force was relatively weak. It is suggested that the low-suction layout above 11380 is the main operation, and the conditions are not mature to follow up the rise.

Long-term fundamental demand or the formation of drag.

Notice the pressure after stagflation.

Multiple stops are placed below 11380.