Shanghai rubber futures fell under pressure last week , the major 1409 contract opened 15,675 yuan / ton, up to 15,785 yuan / ton , the lowest 14,830 yuan / ton, closing 15,030 yuan / ton , down 710 yuan / ton, or 4.5 %. The Fed continues to cut QE, Yellen will speak ahead of market interest rate expectations . Domestic renminbi devaluation trend , and the more pessimistic economic news . The short term, HuJiao expected to remain weak shocks , operation, short-term shocks exacerbated the situation in the long-term concern bottoms . Macro level , the Fed announced a further reduction of $ 10 billion of quantitative easing purchase debt scale . Meanwhile, Fed Chairman Xi Yelun renounced the unemployment rate was 6.5% hike in the forward-looking guidance , canceled the hike of three restrictive quantitative threshold requirements , suggesting the expected rate hike from the original time of the summer 2015 to spring ahead this resulted in market liquidity supply outlook is further reduced. Domestically, the central bank announced the closing end of February amounted to 29.195995 trillion yuan in foreign exchange , representing an increase of 128.246 billion yuan at the end .
As of March 14, total inventory Qingdao Bonded rubber reached 353,800 tons, 343,800 tons end up by 10,000 tons, the highest level since June. While the rubber on the period from the beginning of June last year, stocks continued to rise, and in mid-February rose to nine and a half high of 207,658 tons last week, fell 2.1 percent to 192,475 tons. International Rubber Consortium Limited (IRCo) on the official website said on Wednesday, due to dry weather, the current production of natural rubber in Thailand, Indonesia and Malaysia continue to “significant” decline. IRCo said, which will help support rubber prices, but it does not provide rubber output and price estimates. Spot market, the Shanghai rubber market was stable and narrow finishing area, imported rubber prices are relatively strong, slightly downstream buying cautiously, small single-transaction-based, now offer the following, Yunnan, Hainan state full latex reported 14600-14700 yuan / ton ; Yunnan state standard two low-end reported 13,600 yuan / ton; Thailand 3 # smoke film 17 tax reported 15300-15400 yuan / ton; manufacturers in Vietnam 3L glue 17 tax reported 15,200 yuan / ton; small factory goods heard 17 tax Report 14800 – 15,000 yuan / ton.
LimitedTranslated by Google Translator from http://market.cria.org.cn/4/19838.html
