Weak Demand For Natural Rubber In China Up Hard Cash - China, Demand For Natural Rubber - Chemical

HC Network Chemical News: this week, the Asian spot rubber prices trend higher

, but volume was light. Thai traders to enter in winter is expected to rubber-growing areas because the supply will be tight. Singapore traders claimed that Chinese consumers do not want to buy the current high prices of rubber, the market is expected to accelerate after the Lunar New Year holidays, up. But China

Futures Brokerage Co., Ltd. industrial manager, analyst Cho told reporters, because Wang led China's demand for rubber market is not weak, the international market on China's buying expectations too high, too many years after the rise may not occur.

It is learned that Chinese buyers are indeed the lack of international higher purchase price of rubber passion. Cho said the international market is expected to rise rapidly after the Spring Festival market is high expectations of China's buying more like buying a number of foreign traders in China runs a tacit understanding behavior, lack of actual basis.

Rubber prices fall sharply last year due to the main producing areas have suffered large losses, whereas the recovery in prices of this year. Cho believes that recovery in the middle of a mix of uncertainty about the future of a lot of speculation ahead of the Chinese market fluctuations in prices after the purchase and sale of psychological change, China's buying power to the rapid rise in the price of not prepared.

Cho said that the foreign bank in China is expected to make up too strong, and this can only be a stage, so after the Spring Festival will not have too many gains, the market will be divided camp. Because the stock futures market is to adjust the relationship between the end, if the formation of a new round of high stock prices will rise less than expected if the buying up, one of China alone can not support the fundamentals. Once the expected cash, the cash will be more and more. There is also no detection of any abnormalities of the supply factors, but possible adverse weather is expected, so that high expectations can only be a flash in the pan.

Vietnam National Bureau of Statistics said recently, Vietnamese rubber exports in January increased 12.6% year on year is expected to reach 65,000 tons. Vietnam's rubber export value in January is expected to surge 17.8% to 104 million

U.S. dollar The agency did not report the reasons for increased exports, but traders noted that in Vietnam, due to strong growth in international demand, and promote higher rubber prices.

Cho said that strong international demand is a long amount, but not incremental, and incremental recovery is in the U.S. market, the U.S. auto industry's downturn last year, with a strike of this uncertainty, made of rubber, and assorted market is not good. Now the U.S. rubber demand is recovering, the Chinese market is slowing down.

It is reported that relatively weak domestic spot market, agriculture, the offer remained at 21,000 yuan / ton. Zhao Zhong from the company's research in the country situation analysis, to the Chinese demand will remain sluggish in March, an increase is also slowing down, showing that the demand can not keep up prices, the current price does not have the fundamentals have been supported.

by: gaga

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