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Tuesday, December 7, 2021

Shanghai rubber rebound expected midline empty single holdings

Spot: the outer disk offer to continue to rebound, rare factory price, market sentiment improved. Recently quoted cargo or Hong Kong and Thailand, the horse the standard plastic :2790-2800, about the forward cargo 2860.

Butadiene ex-factory price or 1000-13000 yuan. CNPC ex-factory price with lower 16000 fell butadiene, styrene-butadiene, actual transaction prices down, heard upside down in some areas around 200-300 yuan traded sporadic.

Macroeconomic news and reviews: The Federal Open Market Committee (FOMC) announced to maintain the 0-0.25% ultra-low interest rates unchanged, monthly 85 billion asset purchase program unchanged. The FOMC also cut its 2013 GDP forecast said economic recovery slight growth; slightly down in 2013 the unemployment rate is expected to persist in the unemployment rate will fall to 6.5% in 2015. The Fed cut the end of this year, the unemployment rate is expected to range originally expected value of 7.4 to 7.7 percent, down 7.3 to 7.5%. The Fed also expects U.S. economic growth this year will be 2.3 to 2.8%, lower than the previously estimated 2.3 to 3 percent.

The euro zone leaders are considering a variety of options in Cyprus.Cyprus Central Bank, Bank of Cyprus will remain closed on Thursday, Friday, and will not be operating. Monday is a public holiday, the Bank of Cyprus as early as next Tuesday.

Cyprus government plans to split the two largest banks, and the transfer of non-performing assets to the bad bank, merging the good assets into a new bank, and sold to the Russian VTB Bank. Troika ready to veto the plan.

Minutes of the March meeting of the Bank of England, opposed to further expansion of the stimulus measures in voting for the scale of the asset purchase plan of nine voting ratio of 3-6, the changes did not last, £ pulled up.

The Fed resolution is consistent with expectations, getting better and better prospects for the U.S. economy to improve Europe Cyprus events bearish temporarily weakened. ‘

Industry information and reviews of: “Thailand’s Minister of Agriculture: plans to limit the export policies of rubber-year extension of the three countries met in Phuket on April 10-12 to discuss specific issues.”

Morning Hint: from the overnight market trends around provide Shanghai rubber with the a better rebound atmosphere, technically basically confirmed that the proposed midline empty single holdings rebounded pressure bit reference 23000,23500, support 22200, set a good stop, will not be much room for a rebound is expected.

Translated by Google Translator from http://news.cria.org.cn/4/13495.html

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