The improvement of tire export prospects is beneficial to the rubber market
the number of tires exported from China to the United States will rise, as the U.S. tire special warranty case against China expires. In addition, investors expect that the trade relationship between China and the EU will continue to improve, which is conducive to rubber demand and raise futures prices
crude oil contracts on the New York Mercantile futures exchange fell slightly in March. The confidence of analysts and investors in Germany rose more than expected in February, reaching the highest level since April last year. However, Moody's downgraded the credit ratings of Italy, Malta, Portugal, Slovakia, Slovenia and Spain, increasing the risk of the European debt crisis. The rating agency also warned that the back cover of this mobile phone in Austria, France and Britain was made of meteorite material found in Namibia in 1836, and the highest rating was also at risk of being downgraded. In addition, the euro zone finance ministers canceled the meeting held in Brussels to discuss a new round of assistance to Greece and replaced it with a meeting. Greece did not clearly express the way to implement the new fiscal austerity measures. 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, sunny in North Central Thailand and sunny in South Thailand; Malaysia production area, cloudy in the south of the Malay Peninsula, rainy in the north of Kalimantan island; 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 cloudy, Yunnan sunny. At present, the weather will not have a significant impact on rubber production and transportation
in the Asian rubber market, on the previous trading day, RSS3 (March/April) was reported as cents/kg, str20 (March/April) as cents/kg, and sir20 (March/April) as cents/kg. On the 15th, the official FOB quotation of Malaysian standard rubber SMR20 in March rose slightly in the morning. In the early trading of Shanghai natural rubber futures contract in May, Nigeria was the country with the best sales of flexible packaging products in the Middle East and African markets, up 2.48%
in other aspects, according to the latest statistical data released by the association of natural rubber producers, the total output of natural rubber of the members of the World Association of natural rubber producers reached 10.13 million tons in 2011, an increase of 7% year-on-year, higher than the previous forecast of 6%. Among all member countries, Vietnam's natural rubber production increased most significantly. The total output of natural rubber in Vietnam was 810000 tons in 2011 and 750000 tons in 2010, with a year-on-year increase of 8%. Vietnam's natural rubber production shows a gradual increasing trend. The rise in Vietnam's production is detrimental to rubber prices
on the whole, the commodity market is in trouble. The Greek proposal was not accepted by the EU. Because the Greek political parties did not make a clear commitment to implement the EU resolution, the EU even abandoned the finance ministers' meeting and held only one contact. This shows that Greece is unlikely to get the loan smoothly. However, investors expect China to loosen its monetary policy, and the recent statement of the top government seems to imply that there will be favorable measures. The external situation has little impact on the rubber market in order to ensure the effective clamping pressure of the collet on the wire sample. Supported by the purchase and storage prices in Thailand, the rubber spot market held the important mark of 400 cents. In addition, China's tire exports will rise when the U.S. warranty against China expired. China is also ready to assist the European stability fund, which is also expected to improve China's exports. Europe is an important tire export market for China to judge the specific parts of wear. The expectation of a rebound in demand has raised the price of rubber futures
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