1601 natural rubber main contract yesterday fell 245 points to 11,365, down 2.11 percent, led by commodity; volume reduction of 102,000 the previous day to 745,000 hand than the hand, Yiwu Wholesale Market hand positions increased 12,562 to 243,842 hand, show a more short pressure positive. From a fundamental point of view, the market outlook Jiaojia will continue weak shocks.

The current positive tapping season, at home and abroad welcomed the supply peak, glue price homeopathic decline. Thai raw material prices from August glue-high 48 baht / kg down to the current 40.5 baht, raw film from the early 50 baht fell to 41.8 baht / kg; both fell more than 15 percent. But even outside the disk provider a sale, but the actual transactions and not much improvement. Domestic inventory, total inventory Qingdao Bonded rubber from 110,800 tons by the end of July increased to 198,600 tons in mid-October; Yiwu Market the stock Shanghai Futures Exchange also is from late April to 100,100 tons increase continuous current 154,700 ton. From the huge growth can be seen, because buying low atmosphere led to the rapid accumulation of rubber stock, and with the arrival of domestic and foreign high-yielding season, is expected to remain the domestic rubber stock levels may continue to rise. On the other hand, the performance of downstream demand was weaker. January to September this year, car sales 17,091,600 and 17,056,500, production fell 0.82 percent, sales growth of 0.31%; total sales of all types of heavy-duty truck market 406,900 vehicles, down 30 percent. In addition, rubber prices also dragged down crude oil.

Based on the above analysis of all aspects, rubber weak fundamentals will continue to put pressure on rubber prices, Yiwu City the market outlook will remain weak shocks run. Follow rebound short-selling opportunities, 1601 contract reference pressure bit 11700; or wait for a short space below 11,000 when the opportunity to follow up, stop 200 points.

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