Natural Rubber

The quoted price of Qingdao rubber in USD rose slightly by $10 per ton with active transaction. The quoted spot price of RSS3 was $1,700 per ton. The CIF of STR20 in April was $1,550 per ton. The spot price and CIF of SMR20 was $1,500 to $1,510 per ton. The CIF of mixed rubber from Thailand in April was $1,550 to $1,555 per ton. The quoted spot price of mixed rubber from Thailand in RMB was ¥11,950 to ¥12,000 per ton. Overseas rubber fluctuated slightly. The main force contract of TF03 rose by 1.0 or 1.68% and closed at 149.0. The main force contract of JRU06 rose by 0.1 or 0.05% and closed at 201.5. The SHFE rubber went up. The main force contract of RU05 rose by 105 or 0.80% and closed at 13,205, and the main force contract of NR04 rose by 145 or 1.33% and closed at 11,080.

Nikkei News: In 2019, Japanese car sales in China are expected to exceed 5 million for the first time, an increase of about 4% over 2018. Toyota and Honda's new car sales in China hit record highs, driving the overall sales growth. According to data released by Toyota on January 8, new car sales in China in 2019 increased by 9% year-on-year, reaching 1.6207 million vehicles. Nissan has occupied the top spot in sales of Japanese cars in China since 2009, but in 2019 Toyota has once again regained the first place.

It was Japanese bar mitzvah recently, and the local market was closed. The El Niño report has mixed effects across Southeast Asia, and it is rainy in Indonesia and dry in Thailand. At present, the yield-weighted rainfall across Thailand is 0.71mm, which is only 29% of the historical average. As of the end of December, the delivery inventories of Japan RSS3 was reduced by 169 tons to 10,850 tons, of which 99 tons were into the warehouse and 334 tons were out of the warehouse.

Futures Operation Advice: The SHFE rubber went strong with agricultural futures. As for the main contract of RU05, it is advised to hold the long position and pay attention to the pressure at the recent high level at 13,250 above.

(For reference only)