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

Other aspects, and open market level 1 traders to the central bank declared the 28 days period, 91 day period is the buyback and three-month epicenter ticket demand, the scale is not clear. One-year benchmark ticket in demand not declare range. Is today the buyback is expected to restart, March 1, tickets to restore central issue. The market situation of the relief funds to restart space camp ticket. At present the one-year benchmark interest rate is not apparent ticket float, and after a long time of hair, demand for large institutions. 3 months period central market spreads 12 votes down significantly, can be restored to issue has certain uncertainty. Central issue size will affect the market tickets for the expected liquidity cage, a certain amount of pressure.

Overall, the commodity market pressure. Greece is about to usher the most important test, can be successfully through the bond replacement. Previously, private sector representatives have agreed replacement agreement, but eventually the results need to wait for March 10 agreement. German chancellor Angela merkel said, if the low number, will lead to collective action terms was launched. That may appear substantial breach of Greece. In addition, the s&p and moody's has cut its rating to local Greek default. China started recycling liquidity, optimism faded. Peripheral market price formation pressure of rubber. And rubber loose situation restricted stock prices. Thailand rubber price fall to 400 cents a kilogram of a line, the rise of the lost power. Crude oil prices failed to break through the $110, high prices also not promote synthetic rubber purchase quantity, showing the demand remains weak performance to price cut, in order to attract more buying.