The hottest rubber may further adjust with the fin

2022-08-25
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Rubber: it may further adjust with the financial market

the U.S. trade deficit in June showed an unexpected 18.8% increase, due to a large number of imports from China and other suppliers, which means that the U.S. economic growth in the second quarter was worse than expected. Data released by the U.S. Department of Commerce on Wednesday showed that the trade deficit jumped to $49.9 billion in June, the highest since October 2008, of which imports increased by 3.0% to $2003 billion, while exports fell by 1.3% to $150.5 billion. Shanghai Jiaotong opened low today, with the main 1101 contract closing at 24480, down 375 points, or 1.51%, and its position increased by 7526 hands

the U.S. Department of Commerce announced on the 11th that the country's natural rubber imports in June increased 138.9% year-on-year to 45000 tons, while the month on month increase was 9.9%. Comprehensive media reported on August 12 that the U.S. Department of Commerce announced on August 11 that the country's natural rubber imports in June increased by 138.9% from 19000 tons in the same period of 2009 to 45000 tons, an increase of 9.9% from 41000 tons in May. The import volume of natural rubber from the United States in June was 311000 tons

the rubber manufacturers association predicts that it will steadily pursue the giants of Japan and South Korea, and the sales of tires in the United States in 2010 will rise by 3% year-on-year to 267million. In 2010, with the recovery of passenger car production, the sales of passenger car original tires will achieve the control of constant speed experimental force and constant speed displacement by 21% to 30million; The original tires of light trucks will rise by 10% to 3million, and the original tires of commercial vehicles will rise by 8%. In 2010, with the economic recovery, the sales of spare tires for passenger cars will increase by 1.7 million; The sales volume of spare tires for medium and heavy commercial vehicles will increase by 600000

according to Singapore on August 11, the spot rubber price in Asia fell due to the lack of significant purchase interest from China. China is purchasing, but the quantity is less than that purchased at the beginning of this year. Some traders said that the price of RSS rubber purchased by tire manufacturer Bridgestone yesterday was about US $3.20 per kilogram, while the current bid was about US $3.18 per kilogram in February, 2019. Thai manufacturers said that the price of raw materials was too high to sell RSS3 rubber at a price lower than US $3.25 per kilogram of autoclaved lime sand brick testing machine of Jinan testing machine factory. RSS3 of Thai No. 3 cigarette glue shipped in October/November was quoted at US cents per kilogram, compared with us cents per kilogram in the previous transaction. The Thai tire grade standard rubber str20 shipped in October/November was quoted at US cents per kilogram, compared with us cents per kilogram in the previous transaction

Shanghai Jiao is facing the risk of correction. Although the large shadow line indicates a large number of bargain hunting, the weakening of China's economic data and concerns about the slowdown of the US economy in the second half of the year may exert further pressure on the global financial markets. Shanghai Jiaotong may continue to adjust in the future, and it is suggested to establish empty orders at high prices

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