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Wednesday, December 1, 2021

China: Domestic economy have a double effect on natural rubber

Friday, by the long and short double effect of a series of data of the domestic economy, Shanghai rubber Tandi case stays rebound.Recently, a number of data show that China’s economic growth on natural rubber has a long and short double effect.

First of all, along with the weakening of PMI, CPI year-on-year increase of 3.2% in February, a significant increase of 1.2% compared with January, increasing investors’ worries about inflation;

Secondly, this year, M2 growth management objectives 13%, while in January, February, M2 grew by 15.9%, 15.2%, and the market is therefore concerned to complete 13% of the management objectives need to tighten monetary policy;

Third, the total retail sales of social consumer in February rose by 12.3%, the lowest growth rate since January 2004 1-2;

Fourth, the number of new RMB loans of 620 billion yuan in February, significantly less than the January level exceeded one trillion yuan;

Fifth, the industrial added value in February year-on-year increase of 9.9%, the same below market expectations;

Sixth, the total electricity consumption in February 337.4 billion kwh, down 12.5%.

Therefore, Shanghai rubber continued to fall after the event support and technical rebound.

Translated by Google Translator from http://market.cria.org.cn/20/13402.html

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