Affected by the overall stabilization of bulk commodities, the growth of China’s automobile sales in February, the low shock of Shanghai Rubber and other factors, the outer market of Tianjiao fluctuated on the 16th.
On the same day, the contract of SICOM tsr20 in May closed at 170.6 cents / kg, down 0.1 cents / kg or 0.06% compared with the settlement price of the previous trading day; SICOM RSS3 contract closed at 210.8 cents / kg in April, down 0.1 cents / kg or 0.05% compared with the settlement price of the previous trading day; The main contract of OSE rubber in Japan closed at 245.1 yen / kg in August, up 0.4 yen / kg or 0.16% compared with the settlement price of the previous trading day.
In terms of raw material price, on March 16, Wuchan Zhongda Group Co.Ltd(600704) otai Singapore Co., Ltd. provided data that the price of Thai cup glue was 50 baht / kg, equivalent to 1752 US dollars / ton, down 0.5 baht / kg compared with the previous trading day (equivalent to 8 US dollars / ton); The price of glue was 65 baht / kg, up 1.5 baht / kg compared with the previous trading day; The price of white film was 62.5 baht / kg, down 1 baht / kg compared with the previous trading day. The price of Indonesian cup glue is idr23500 / kg, equivalent to USD 1800 / ton, unchanged from the previous trading day (no change in discount). The quotation of Indonesian factory is US $1800 / ton in May.
According to the information released by China Automobile Association, in February 2022, China’s automobile production and sales reached 1.813 million and 1.737 million respectively, down 25.2% and 31.4% month on month, with a year-on-year increase of 20.6% and 18.7%. From January to February 2022, the production and sales of automobiles were 4.235 million and 4.268 million, with a year-on-year increase of 8.8% and 7.5%. In February, automobile production and sales decreased significantly month on month, but showed rapid growth year-on-year. The reason for the month on month decline is that the working days have decreased due to the long Spring Festival holiday; The year-on-year growth is due to the positive promotion of new energy and automobile exports, and the demand for inventory replenishment drives the growth.
Wuchan Zhongda Group Co.Ltd(600704) OTEC Singapore General Manager Hu Bo said that on the 16th, the overall macro atmosphere was better, the stock market and commodity market showed signs of stabilization, and black commodities performed prominently. Shanghai rubber also stopped falling, pulling up nearly 200 points from the lowest point in the afternoon. He believes that the fundamentals of rubber are not too bad year-on-year. The previous trend was relatively weak and was empty allocated by the funds of inter variety transactions. Therefore, Hu Bo predicted that after the macro recovery, rubber is expected to usher in a rebound in valuation repair.
