Thursday, affected by many negative factors, the rubber extension decline.
The IMF IMF lowered global economic growth forecast for this year and next year, economic growth in 2013 down to 3.3% from 3.5% in January, and economic growth in 2014 down to 4.0% from 4.1%, exacerbated the market’s concerns of the global economic situation, the dollar rallied, commodities futures fell across the board, and the deterrent effects of natural rubber a heavier bad.
Radical easing in Japan reverberated around the world currency markets, the yen depreciation trend will continue, due to the lack of structural reforms, Japan’s quantitative easing policy stimulus may not be effective in the long term, the future rate of depreciation of the yen more than 5%, the economy of the Asia-Pacific countries will have a significant impact on the natural rubber neutral ones.
Gold and silver fell sharply, resulting in substantial losses for most investors, will also have a natural rubber joint bad.
Rating agency Fitch long-term local currency credit rating from AA-fell to A +, citing concerns about the expansion of government debt and the shadow banking expansion damage financial stability. Another authoritative rating agency Moody’s yesterday, China’s long-term outlook downgraded to stable from positive, Aa3 credit rating remains unchanged. Moody’s believes that the solution to reduce the risk of local debt and credit expansion, China did not achieve the desired progress. Thus constitute a bearish effect on the natural rubber.
Therefore, Shanghai rubber decline will continue.
Translated by Google Translator from http://market.cria.org.cn/20/14026.html
