Hainan rubber was fried 183% high rubber price

Affected by the high price of rubber, Hainan rubber (601118. SH) was warmly sought after by the market funds. Yesterday, Hainan rubber 16.98 yuan sealed in trading, turnover rate reached 30.22%, compared to the price of 5.99 yuan has soared 183%.　　Analysts say rubber prices are good, causing speculation about the stakes.　　Rubber 1105 contract from last June's low 20055 Yuan/ton, climbed sharply to February 9 this year's 43500 yuan/ton, less than 9 months rose more than 1 time times, nearly a week of correction, yesterday fell 0.67%, reported 41305 yuan/ton. Hainan Rubber January 26 announced that the company is expected to 2010 annual net profit attributable to the owner of the parent company compared to the growth of more than 80% over a year earlier, mainly because of the 2010 natural rubber products market as a whole began to emerge from the shadow of the financial crisis, prices continue to rise　　The net profit of 2009 attributable to the owner of the parent company is 286 million yuan.　　In Hainan rubber yesterday's buy seats, including the Bohai Securities Shanghai Zhangwu Road Sales Department, Minmetals Securities Shenzhen Jin Tian Road Sales department, Wanguo Shanghai Long Cao Road Sales department, the Tibetan Securities Beijing Taoranting Road Securities Business Department, as well as a special institution, the purchase amount of 21 million yuan to 34 million yuan. National Gold Securities, agriculture, forestry and animal husbandry and fishery industry analyst Liubo that 2010 bad weather so that the global glue supply, in addition, the development of automobile and tire industry is the main factor of domestic rubber demand growth.　　Hainan Rubber competitive advantage is mainly embodied in resources, technology and scale, the company's annual processing capacity has reached 320,000 tons, accounting for 30% of the total. South China futures are expected to in the first quarter of 2011 years rubber prices will maintain a high level of operation, into a two-quarter fall; small-displacement car car purchase tax preferential policy will be abolished, the 1.6 litres and the following displacement passenger cars unified by 10% tax rate levy vehicle purchase tax, as well as the car to go to the countryside and the old trade　　All the measures to ease the traffic pressure will affect the consumption of automobiles to some extent.　　South China Futures also said that 2010 natural rubber and other raw material prices run high, tire production costs have risen more than 30%, higher than the tire output growth of 8%, tire enterprises face the loss of industry, some enterprises in advance of the holiday stoppage. GF Futures Analysis (blog area) Division Lichen Ming said that, although the recent rubber price correction, the spot market also showed a reluctant mentality, the market continues to the price of the upward still have expectations, waiting for downstream enterprises after rework, rubber prices may be again new high.