2. Oriental Fortune website is a professional financial information website. You can get the latest market information of rubber futures on the Oriental Fortune website, and you can also discuss your own views on the rubber futures market in the discussion column.
I. Overview of rubber futures
Rubber futures refer to the varieties of futures contracts with rubber as the subject matter. Generally speaking, natural rubber refers to natural latex produced and collected from Brazilian rubber trees, which is made into elastic solid through curing, drying and other processing procedures.
Second, marketing unit
The trading unit of rubber futures is 5 tons/lot. After 1208 contract, it becomes 10 ton. The lowest floating price is 5 yuan/ton, and the highest fluctuation range of daily price does not exceed 3% of the settlement price of the previous trading day. The delivery month of the contract is 1, 3, 4, 5, 6, 7, 8, 9, 1 1, and the trading time is from 9: 00 am to 10:15. 65438+ 0: 30 ~ 3: 00 pm; Night market 2 1 point ~23: 00. The last trading day is 15 of the contract delivery month (postponed in case of legal holidays), and the delivery date is 16 to 20 of the contract delivery month (postponed in case of legal holidays).
Third, the influencing factors of price fluctuation
As an important industrial raw material, the price fluctuation of natural rubber is closely related to the international and domestic economic environment. When the economic environment is good and the market demand is sufficient, the market demand of natural rubber will increase, thus pushing its price up; On the contrary, when the economic environment deteriorates, the market is pessimistic and the demand is insufficient, the market demand for natural rubber will decrease, which will lead to its decline.
2. The circulation chain of natural rubber industry is very long, and there are many and scattered traders, which have a relatively strong position in the industry. The tendency of traders to speculate on prices is obvious, and the ratio of long-term cooperative prices is not high. This industry model leads to the inventory cycle has a decisive impact on the price of natural rubber. Prices rose, market bullish expectations formed, and the whole industry began to increase inventory. With the increase of demand, the willingness to sell at the supply end increases, and the effective supply decreases, thus further pushing up the price. When the inventory increased to a certain extent, the price began to fall, forming a bearish market expectation. The whole industry began to destock, and the supply increased, while the wait-and-see mood on the demand side increased and the effective demand decreased, further increasing the downward pressure on prices. This is also one of the important reasons why the price of natural rubber fluctuates greatly. In a word, the short-term supply and demand curve of natural rubber is opposite to the normal supply and demand curve because of the complementary industrial pattern in which the inventory cycle determines the price.
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