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Wednesday, August 10, 2022

Rubber will continue to adjust

Federal Reserve the planned release January monetary policy meeting minutes of the meeting held on Wednesday, the decision-making Federal Open Market Committee has decided to be the next, which is discussed in the regular meeting of March adjust quantitative easing, which is the current bond purchases means the Fed’s ultra-loose monetary policy may have changed the market is expected to result in the U.S. dollar against many major currencies are rising, the dollar index rose 0.72% in the all-day trading.Commodity frustrated decrease in U.S. crude oil fell 1.45 percent. The U.S. dollar against the yen is still 93 hovered near Japanese gum continuous weakness, to drag on Hujiao follow weaker. 1309 contracts of Hujiao fell 1.26% yesterday to close at 25,805 yuan / ton, Masukura 12830 hands. The adjustment has not ended, continue down, looking down to 25,300 yuan / ton.

February 20, Shanghai the regions natural rubber offer lower market activity deserted. Yunnan State-owned full-latex reported 25,600 yuan / ton.

Styrene butadiene rubber: the Shanghai area SBR market offer stable part of Jilin Chemical, Qilu 1502 quoted in 17500-17700 yuan / ton in the vicinity, the part of the Jilin Chemical 1502E offer 17,300 yuan / ton in the vicinity, some Qilu 1712 quoted at 16,000 yuan / ton in the vicinity, the real disk traded negotiate OK. Limited market inquiry, merchant shipping are not enthusiastic, trading two short.

Butadiene rubber: Shanghai area high cis butadiene rubber market quotations stable part of Daqing, Dushanzi, Takahashi butadiene offer the 18000-18200 yuan / ton in the vicinity, the real disk transaction discuss determine. The market inquiry atmosphere light, most businesses hold stocks sidelines, few transactions.

Integrated media reported January European passenger car sales fell 8.7% the lowest in 23 years: 19 February, the European Automobile Manufacturers Association, ACEA (Association des Constructeurs Européens d’Automobiles) released data that, in January this year, the EU-27 passenger car registrations fell by 8.7% year-on-year (hereinafter referred to as “sales”), plus the European Free Trade Association, EFTA, a year-on-year decrease of 8.5%.

Translated by Google Translator from http://news.cria.org.cn/4/12986.html

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