May Shanghai rubber futures contract fell 2.75% in early trading 29. For policy interventions on the economic outlook and concerns about the market, natural rubber futures sharply lower, the market shifted attention to the situation of tight supply. China
Demand may decline, futures down space began to expand.
28, the New York Mercantile Exchange (NYMEX) 12 month crude contract closed up $ 0.24, or 0.29%, to close at $ 82.18 a barrel. The Labor Department announced Oct. 23 the week to a seasonally adjusted initial jobless claims decrease
2.1 million to 43.4 million, the lowest level for three months, much better than the estimated 45.3 million to provide support for the crude oil market. However, the Fed announced next week when the second round of the quantitative easing policy of how much money will be spent, to the City
Field to bring concerns, and U.S. stocks, crude oil failed to rise. Crude oil fell, to cut the cost of synthetic rubber, natural rubber prices on the negative.
Weather conditions, natural rubber producing areas of Thailand, Thailand, north-central cloudy with heavy rain south; Malaysian natural rubber producing areas, the southern Malay Peninsula cloudy, heavy rain north of the island of Kalimantan; natural rubber producing areas of Indonesia, Sumatra
North of the equator cloudy, cloudy south of the equator the island of Sumatra, Kalimantan, southern cloudy; natural rubber producing areas in China, Hainan cloudy, Yunnan as rain weather. Current weather conditions would not cause serious impact of natural rubber supply
Ring.
Asian spot market, West Sumatra, Mentawai Islands earthquake and tsunami in Indonesia Jiaojia boost, but the price-sensitive buyers in China, waiting for prices to drop before buying. However, Bridgestone, Goodyear and other round
Tire manufacturers demand. 29, the Malaysian Rubber SMR20 11 月 marked the official quoted FOB morning fell slightly.
Other aspects of tire production in China in September to 68.18 million, up 17% over the same period, representing a slight increase of 0.2% in August. January to September, total tire production 5.8255 billion, an increase of 24%. In addition, synthetic rubber production in September
Volume increased 15% to 27.8 million tons, total per month before the 9 227 tons, an increase of 13% over the same period. Data indicate that the tire started to slow down output growth, while synthetic rubber is relatively accelerated growth, which will squeeze the natural
Rubber market share, may be too fast with the increase in natural rubber prices have in general, the market worried about the situation back into the economy, global economic growth, lack of motivation, and implementation of large-scale deficit reduction plan in Europe and the Chinese government
The importance of inflation may weaken demand from China, to bring pressure on the capital market. In addition, the Fed's quantitative easing may be far less than market expectations, adding to worries about the economic outlook. Number of commodity futures prices due to ample
To promote the mobility of the substantial rise, now may be the release of the premium. Affected by this decline in natural rubber prices, the Chinese government's recent repeated emphasis on the price control, so that the needs of the world's largest market was the heavy pressure
Force. Although the supply situation remains tight, but it seems, futures down the space began to expand.
