The Losing Rise of The Rubber Industry
The USOIL of the NYMEX falled a little in March.Mr.Lagarde,the chairman of the IMF said that High oil prices pose a threat to the developed countries,and also to all the countries.Moody said in the report that last week the euro area reached the second round of the Greek assistance agreement further provided financial and technical support, but restrict still exist, Greece default high risk.Standard &poor's European financial stability fund announced (EFSF) rating prospect from the development down to negative, says the EFSF may not be able to get enough capital to support its debt rating letter. Crude oil fall, will cut the cost of synthetic rubber, the natural rubber market adverse.
The weather, Thailand natural rubber production, Thailand north-central cloudy, southern cloudy; Malaysia districts, the Malay peninsula in the south have rain, kalimantan island in the north, the rain; Indonesia region, north of the equator Sumatra have rain, Sumatra island south of the equator have rain, kalimantan island south cloudy; China region, hainan light rain, yunnan cloudy. At present the weather of rubber production and transportation will not have a significant impact.
Asian rubber market, before a trading day, falling prices. Market volatility lead to buying cautious, but traders expect China will return to the market in the next few weeks, because consumer consumption inventory. March/April shipment Thai 3 of RSS3 glue for smoke per kg 400-415 cents, a trading daily 403-417 cents per kilogram. 28, Malaysia SMR203 month marking glue FOB official offer morning remain stable, Shanghai natural rubber futures may contract fell 1.30% in early trading.