European debt crisis of uncertain date plastic pressure fell

Tokyo Commodity Exchange (TOCOM) indicators of plastic fell due to the uncertainty surrounding the debt crisis in Europe and increased supply to suppress the plastic City, but the prospect of steady oil prices and increased demand for still support rubber prices. TOCOM index of rubber in October settled down 2.1 yen per kg 305.1 yen.

Thai officials expressed Thailand may restart the purchasing and storage plan, and will try to recent natural rubber spot price pushed to 120 baht per kilogram, the second half of the price of rubber further raised to 150 baht per kilogram. The first quarter, exports of Shenyang Tire 333 approved 140,000, the value of $ 26,130,000, nearly 170 million yuan RMB 105 percent increase in exports compared to last year. Tire exports to the United States, Canada, Japan, Indonesia, Pakistan and other 41 countries and regions.

Poor European economic data reignited market fears, Germany April manufacturing PMI inferior to the fastest shrinking speed is expected to record the past three years.Italian April consumer confidence index hit its lowest level since 1996 and Spain a quarter economic chain shrink by 0.4% into a second recession.
 
Natural rubber futures in Shanghai on the 24th weakness down the main contract 1209, to close at 26,810 yuan per ton, down 410 yuan per ton. The weak manufacturing data in Europe and China, and the political situation faced by the French and the Dutch market for the euro area or more fears of chaos. Exclude speculative factors such as weather and global supply will usher in the peak terminal factories both domestic and export are signs of slowing down in the short term is difficult to substantial improvement, but low inventories by rubber support has a stimulating effect on rubber prices rebound , is expected to the recent the price of rubber in Shanghai will show the shock pattern.

Spot market, the domestic Hainan latex offer slightly reduced to around 28,600 yuan per ton. CIF China main port STR20 offer fell slightly to $ 3,715 per ton in the vicinity. Free Trade Zone, the STR20 mention the library the price of rubber fell to $ 3,710 per ton in the vicinity.