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December 25th
Basics
Spot situation: In the Qingdao Free Trade Zone, the spot market in Thailand and Malaysia shows a mixed picture. The composite plastic price in Thailand and Malaysia is quoted between 21,500 to 21,600 yuan per ton. Meanwhile, the price of 20# composite rubber from Thailand and Malaysia is around 2,920 to 2,940 US dollars per ton. The spot reference price for Thai 3# smoke rubber is approximately 3,080 to 3,100 US dollars per ton, while the 20# reference quotation remains at 2,920 to 2,940 US dollars per ton. In Indonesia, the benchmark spot price for 20# rubber is quoted between 2,870 to 2,890 US dollars per ton.
Comments: Hujiao (25,150, +110.00, +0.44%) saw some minor adjustments, with spot offers slightly fine-tuned, but overall trading activity remains weak. Market participants are still cautious, showing limited enthusiasm.
ã€Quotes Review】
Yesterday, without any major news guidance, Hujiao remained in a slight consolidation phase. It opened at 25,000 in the morning, dropped slightly to a low of 24,910, then rebounded with a small rally, reaching a high of 25,135 in the afternoon before closing at 25,065. The volume increased significantly, rising from 8,958 lots to 147,736 lots, indicating increased interest from traders.
ã€Operation Strategy】
With the resolution of the U.S. "fiscal cliff" postponed until December 27, both domestic and international markets are currently lacking clear directional signals. As a result, the commodity market continues to experience a period of consolidation. Shanghai Hujiao's recent consolidation suggests that the balance between long and short positions has become more stable, with the market waiting for a clearer trend to emerge. Currently, there are no significant fundamental improvements, and the spot market remains relatively quiet, though the weak conditions have gradually been absorbed by the market. Therefore, we expect a continuation of the current sideways movement in the short term. For trading strategies, it’s advisable to focus on range-bound operations—buying at higher levels and selling at lower ones, while avoiding strong trends temporarily.