Rubber fundamentals do not support bull market

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A few days ago, the Association of Automobile Manufacturers released the data on ’s automobile production and sales and the operation of the automobile industry in February 2019. Due to the market downturn and holiday factors, the overall level of automobile production and sales in February was low. In February, the national automobile production and sales volume was 1.41 million and 1.482 million, respectively, down 17.4% and 13.8%, respectively, down 40.4% and 37.4% from the previous month. In January-February, domestic automobile production and sales were 3.776 million and 3.852 million, respectively, down 14.1% and 14.9% from the same period of the previous year. Specifically, passenger car production and sales decreased year-on-year, but commercial vehicle sales increased year-on-year, and new energy grew at a high rate year-on-year. The auto industry is cautious in responding to economic pressures, and production companies are reducing production and reducing pressure on the end market. According to the statistics released by Qingdao Customs, the export value of new pneumatic in Shandong Province in January-February 2019 was 8.36 billion yuan, a year-on-year increase of 1.4%. In terms of major trade markets, on the one hand, Europe and the have implemented double-reaction on Chinese tires. On the other hand, the export of the Belt and Road countries has maintained a relatively high growth rate, and the overall situation of tire foreign trade has temporarily stabilized. The rubber do not support the bull market, but the center of gravity is gradually moving upwards, and the wide-band band is the main idea. Below the (11000, 12000) cost line, the top reference 13000 important pressure level.

Translated by Google Translator from http://www..org.cn/newsdetail/48083.html

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