The macro aspects: Standard & Poor’s Ratings Services on Cyprus’s sovereign rating outlook from negative to stable, the agency expects the Cyprus government will receive 10 billion euros ($ 13 billion) bailout agreement terms and conditions. Standard & Poor’s also expects the first batch of loans of the IMF and said the ESM will soon be released time enough to Cyprus to repay bonds maturing on June 4, eliminating Cyprus default risk in the short term German Parliament is expected to be April 18 vote to decide whether to approve German participation in relief projects in Cyprus.If we can participate in, Germany will provide assistance in proportion as the euro zone’s largest economy, the the Cyprus crisis will further stabilize.
Supply and demand fundamentals: Malaysian natural rubber production in February decreased by 12% compared to the same period last year, to 77,137 tons. The data show that exports of natural rubber in Malaysia in February year-on-year decrease of 3.8% to 61,599 tons; February natural rubber imports increased by 18% to 75,680 tons. Standard rubber and latex concentrate accounted for approximately 33% and 24% of the total import volume. The With fall of Jiaojia, Thailand, India, Masan Guo will continue to limit export support Jiaojia. Of Agriculture Vice Minister of Thailand until the end of May, Thailand will be reduced by 10% of the rubber export volume to support Jiaojia participate in Phuket, Thailand, industry conferences. The government audit rubber purchase plan will resume on June tapping.
Inventory, the domestic futures market rubber inventory data is pulled back slightly, the Shanghai Stock Exchange weekly inventory data showed that as of April 12, the Shanghai Futures Exchange designated a total of 11.7385 million tons of natural rubber stock delivery warehouse, declined slightly to 119 tons last week. Qingdao Free Trade Zone, the latest inventory data statistics show that until March 29, the Free Trade Zone, the natural rubber stock to 208,000 tons, 51,000 tons of synthetic rubber stocks adhesive inventory of 99,600 tons, a total of 358,600 tons, 358,300 tons from last month rose slightly .
Operating strategy: the Japanese massive easing Shanghai rubber boost role weakened, Shanghai rubber blocked at 22000, weak rebound again test a low dropped to 21400 below. The long and short main significant jiacang increasing market differences, on Zhou Wulun copper appears slump, slowing the momentum of the U.S. dollar against the yen appreciation. Week Shanghai rubber will show a decline or a pattern of weak shocks below 21000 first-line will again be put to the test. Day glue, by easing impact, jumped 9.17 percent last week, the Japanese rubber, plastic main 09 contract closed Friday day 276.4, fell slightly to 0.18% slowdown in the rising trend, The contract opened lower Monday 274.9 weak shocks.
Translated by Google Translator from http://market.cria.org.cn/20/13966.html
