Shanghai main contract gapped twice rapid decline after 1409, although after the rebound, but still conceal his weakness, shock all the way down, a small Yinxian. An industry organization said on Wednesday that some Chinese importers to import rubber tire grade rubber cargo default, so the first rubber prices fell sharply to a low number of years, making the market worried about demand in China, the world’s largest importer of rubber or slowdown .
The Chinese importers are currently no rubber cargo estimate the number of default data. But Chinese rubber importer defaults are not common.Because there are more recent indications that China’s rubber stocks increased and China’s economic slowdown led to some real estate and steel industry, an event of default. This will evoke producing countries during the 2008 financial crisis, China’s rubber buyers a wave of defaults recalls that there are about 200,000 tons of rubber encounter Chinese buyers default.
Translated by Google Translator from http://market.cria.org.cn/4/19807.html
