Fundamentals Roundup: Global macro side continue to divide, the U.S. economy continues to expand moderately, the economy is gradually stabilized; European economy remained fragile; Japan modest recovery; Chinese economic downward pressures. Overall hardly optimistic.
Affected by the weather, natural rubber and synthetic rubber import growth declined slightly, but the main rubber producing countries in tapping season, ANRPC data showed China Rubber ending stocks is and will continue to be at increased cycle.
Demand side or slowed. Automobile market will enter the off-season seasonal consumption, heavy truck sales still slowed, but the downturn in domestic manufacturing and July 1 implementation of the country four standards, sales rally could continue cited concerns. Face repeatedly dip rubber price quotes, mostly watching the downstream plant, July tires operating rate growth or decline.
Alternatives, synthetic rubber raw material prices fell below the important support level, investors drag rubber trend.
Action proposed: Rubber 1401 contract downtrend to continue decline mainly affected by the outer disk Dikaidizou days will continue, if prompted yesterday’s admission in the 17500 line empty one band can continue to hold, days below the important support position In the 16500 line, the middle note 16700 intraday short-term support, the operation can continue to maintain short ideas
Rubber 1309 contract opened at 17,000, days run interval at 17150-16500.
Translated by Google Translator from http://market.cria.org.cn/25/15506.html
