The hottest rubber demand has bottomed out

2022-08-17
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Rubber demand has bottomed out

Shanghai natural rubber futures contract rose 2.14% in early trading on May 7. S & P continued to put pressure on European ratings, but the market was optimistic about the outcome of the European summit. The pressure of rubber shipment is still heavy, but the demand is stable and will pick up slightly

on the 6th, the January crude oil contract on the New York Mercantile futures exchange closed up 29 cents, or 0.3%, to $101.28 a barrel. Crude oil futures in New York fell for a time after S & P said that if the guarantor country's own credit rating was lowered, the competitive advantage of European financial domestic enterprises was gradually diminishing, and the stability fund (EFSF) might lose its highest credit rating. However, S & P's measures have made the progress of the municipal CO2 replacement technology optimization research project; Summing up the experience and lessons learned from the implementation of phase 1, the field will pay more attention to the upcoming summit, at which EU leaders will discuss how to strengthen fiscal discipline in the euro zone, so as to avoid the disintegration of the euro zone. Speculation that U.S. crude oil inventories may decrease last week also supported the market. The stability of crude oil will not increase the cost of synthetic rubber, and its impact on the natural rubber market will be weakened

weather conditions, natural rubber production area in Thailand, sunny and cloudy in central and northern Thailand, cloudy in the South; Malaysia production area, the southern part of the Malay Peninsula is cloudy, and the northern part of Kalimantan island is cloudy; In Indonesia, it is cloudy north of the equator of Sumatra island, cloudy south of the equator of Sumatra island, and cloudy south of Kalimantan island; China's production area, Hainan light rain, Yunnan sunny. The recent weather has little impact on rubber cutting production and transportation

in the Asian spot market, prices rose the previous trading day. The ASEAN rubber enterprises Council said that it had blacklisted the defaulting buyers and urged member states to reject the buyers' discount requests after the sharp drop in prices. A trade manager of a major Thai exporter said that many Chinese consumers asked to postpone the shipment, and it was impossible to blacklist them. China is a big market. RSS3 of Thai No.3 cigarette glue shipped in January is quoted at US cents per kilogram. On the 7th, the official FOB quotation of Malaysian standard glue SMR20 in January rose slightly in the morning

in other aspects, before the annual central economic work conference, the Political Bureau of the Central Committee will hold a meeting to analyze and study the economic work of the next year. At present, the complex economic situation at home and abroad is the main factor leading to the delay of the tone setting meeting. Recently, a series of high-level signals have been invested in ensuring growth, emphasizing the important role of affordable housing construction in expanding domestic demand and maintaining steady and rapid economic development. This is a positive signal for the market

on the whole, the prospect of the commodity market has become optimistic. S & P once again threatened the rating of the European stability fund, with a 50% probability of downgrade. However, the market has therefore paid more attention to the European summit. Under the severe situation, it is easier for Europe to reach a consensus. In addition, the changes in China's policies have become more obvious, and the importance of maintaining growth has begun to emerge. The Chinese capital market is expected to hold optimistic expectations for the central economic work conference. The external situation has slightly supported the rubber market. Recently, the spot price has been stable and rebounded slightly. If Europe expands the size of the rescue fund, it may bring another effect, the fear of inflation. Data show that the prospects of the global auto market are relatively stable, and several major U.S. auto companies are beginning to make profits. In addition to the stagnation of China's auto growth, the auto market is still more optimistic than playing an irreplaceable role in various fields such as food, beverage, daily necessities, industrial and agricultural production. The pressure is that China's domestic inventory needs time to digest. Although ASEAN informed traders to establish a blacklist, it has not been implemented, indicating that the pressure of shipment is still heavy. Rubber will get rid of the decline, and it is not easy to rise sharply

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