Way back in the first quarter of the three major U.S. stock indices fell shouted, U.S. stocks ended sharply lower, gold hit the largest single-day drop in 30 years. Rubber futures continuous limit, the market panic, and some even suspect that another outbreak of the crisis. I recall one week limit for three consecutive times, a record week futures down 15.89%.
Five weeks after rubber futures limit again affect the trend, the current limit Quotes accident. In five weeks time market prices and futures prices rose to varying degrees, and then the bad macroeconomic news has always been around the market over, G20 summit, the EU economy, the domestic manufacturing industry generally in bad macroeconomic news. Today macroscopic finally broke the bad news.
Days of published data: HSBC China Manufacturing PMI 49.6 in May lows seven months, the Japanese stock market crash, and instantly plunged 6 percent, the Fed QE gradually slow down the speed of the project bond purchases. Rubber futures affect diving limit.
Furthermore spot market is currently growing stock market reflects the business areas, the situation is shipped the next day more conditions. In case of serious imbalance between supply and demand, the rubber industry “reshuffle” market continues. Way to go empty again next downstream tire manufacturers purchase price is generally lower than market transaction price, moreover affected by the above macro manufacturing broken bits, the latter is difficult to boost the tire manufacturing industry. As previously described, the market is a vicious cycle, a chain bearish, the market “whipsaw” will be even more brutal.
Translated by Google Translator from http://market.cria.org.cn/25/14702.html
