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Friday, Shanghai rubber ascribed to meet resistance and Fan Shen fall, analysts believe that due to the suppression of negative factors of the major economies.
European Central Bank Governing Council member, German Bundesbank President Weidmann said on the 17th, if the euro zone economic data is poor, the ECB may cut interest rates further. European Central Bank President Mario Draghi said the same day, will pay close attention to the future economic situation and ready to take action to adjust interest rates, depending on the circumstances. With the inflation rate in the euro area fell to the ECB’s target of 2% below the bank may cut interest rates in May or June. European Central Bank cut interest rates, will be a direct result of the euro exchange rate fell, and the trend of the market price of natural rubber to produce a negative role.
The 18th report of the U.S. Department of Labor, as of April 13 employment survey week to jobless claims number is only slightly higher than expected increase in 4000 to 35.2 million, also higher than the March 16 Employment Survey recorded 34.1 million people. The market is expected to be 35 million in 4000, compared to April 6 when the initial report of 346,000, which was revised up slightly to 34.8 million. U.S. unemployment remains high, constitute a negative effect on the natural rubber market.
The March domestic new construction project construction area of decline in the first quarter investment in coal mining decreased by 12.6% year-on-year, cranes, bulldozers and cement mixers suppliers facing demand remains in the doldrums situation, excavator sales fell 7% in March, continuation of 2012 The trend of sales decreased by 34%, industrial sentiment index decreased consumption of natural rubber demand will generate a bearish role.
Therefore, the bad is still strong, the Shanghai rubber rebound meet resistance.
Translated by Google Translator from http://market.cria.org.cn/20/14051.html
