The bottom line price of the hottest rubber has no

2022-10-14
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The bottom line price of rubber did not rise

Shanghai natural rubber futures contract rose 0.04% in early trading on May 24. The spread of European debt pressure has hit market optimism. However, speculation that China will ease credit supported the market. The agreement to be reached by the three major rubber producing countries did not make substantial progress and failed to promote a sharp rebound in the rubber market

On the 23rd, the January crude oil contract on the New York Mercantile futures exchange fell $1.84, or 1.88%, to settle at $96.17 a barrel. Eurostat announced that new industrial orders in the euro zone in September fell sharply from the previous month, the largest decline since December 2008, becoming the latest sign that Europe may move towards economic recession. German bond auction recorded one of the worst results since the launch of the euro. Investors are worried that the European debt crisis may even begin to threaten Germany. The preliminary value of the HSBC China Manufacturing Purchasing Managers' index hit a 32 month low at the beginning of November, indicating that China's manufacturing activity slowed sharply again. In addition, consumer spending growth in the United States slowed in October. However, U.S. crude oil inventories fell 6.22 million barrels a week, supporting the market. The decline of crude oil will reduce the cost of synthetic rubber, which is unfavorable to the natural rubber market

weather conditions, natural rubber production area in Thailand, cloudy in central and northern Thailand, and force rain required to measure its expanded tear in the South; In Malaysia, there is rain in the south of the Malay Peninsula and in the north of Kalimantan island; In Indonesia, it is cloudy in the north of the equator of Sumatra island, rainy in the south of the equator of Sumatra island, and cloudy in the south of Kalimantan island; China's production area, Hainan showers, Yunnan sunny. Recent weather has little impact on Airworthiness training and transportation of civil aircraft materials installed and utilized by rubber cutting production organization

in the Asian spot market, the fire protection performance of the previous trading day did not meet the standard at all, and the price remained unchanged. Some buyers said that after the price fell at the beginning of this week, Chinese buyers returned to the market to bargain hunting to absorb the falling experimental costs. However, a large exporter in Bangkok said that the bid was usually too low to close a deal. RSS3 of Thai No.3 cigarette glue shipped in December/January is quoted at US cents per kilogram. On the 24th, the official FOB quotation of Malaysian standard glue smr201 fell slightly in the morning

in other respects, according to the plan, the EU executive committee will publish a proposal on the issuance of euro zone common bonds. If it is proved feasible, the EU is expected to launch some form of Euro bonds within a few years. Eurobonds are national bonds issued under the credit guarantee of the European Union. The common bond is an important means to ease the current euro crisis, and it is expected to make some progress, which will boost market optimism for a period of time

on the whole, there is no trend in the commodity market. The pressure on European bonds has increased, national bond interest rates have risen, and the market is pinning its hopes on euro zone common bonds. Germany and France expressed opposition, but may partially support it. In addition, China has shown signs of easing credit. The decline in prices and the decline in the economic situation require the government to introduce appropriate easing measures. China has reduced the reserves of several small banks, which may be used to expand the scope of reserve reduction. The external situation poses certain pressure on the rubber market. Rubber demand was sluggish, and Chinese buyers purchased 180000 tons, but most buyers continued to wait and see. It is reported that the three major rubber producing countries have reached an agreement to limit the export price above the bottom line of $3 per kilogram. After more than half a month of negotiations, the exporting countries did not raise their prices above $3.50, indicating their lack of confidence. Even so, no substantive measures have been introduced. The rubber supply and demand situation is loose, and the price is difficult to have an optimistic prospect

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