Shanghai rubber futures opened low on May 4. Slightly lower main 1009 contract opened down on the price of the subsequent shocks, slightly lower, Masukura shrinkage. Dollar rise in international oil prices plummeted; the main producing countries in Southeast Asia has been cut open, the seasonal supply pressure will gradually appear, the international spot prices have come down from the highs. Hujiao continued weakness is expected to lower.

Spot rubber prices in Asia Tuesday (May 4) stable and down, market sentiment more countries by the production of xanthan gum will increase the expected supply pressure, and the futures market did not bring support.

Bangkok, a senior who pointed out that the spot rubber prices continued to modify, and April futures market was overbought. Over the past week (April 30th week) spot rubber prices fall, futures market followed the trend.

But Thailand's stock rubber supply is still tight, so some plants are still expensive to provide a large exporter of rubber ---- STR20 grade rubber on the bid for the 3,200 dollars per tonne, FOB price; also a major exporter for June delivery of 3,080 dollars per tonne of rubber bid.

Thailand, an export company executives say, latex production is still low. 3, Thai STR20 grades of synthetic rubber per ton FOB price of 3,220 dollars, in June delivery to China. June / July shipment, 3 Yan Pianjiao RSS3 Thailand reported 365 cents per kg, the previous trading day (3) reported that 365 cents per kg. June / July shipment level standard Thai rubber tire STR20 308-310 cents per kilo reported the previous day, reported 315 cents per kilogram. June / July shipment of Indonesian tire rubber SIR20 class standards reported 302 cents per kg, reported the previous trading day 304 cents per kg. June / July shipment of Malaysia SMR20 rubber tire class standards reported 308 cents per kg, reported the previous trading day 312 cents per kg.

Upstream side, the euro fell against the dollar on the 4th of 12 months low, investors worried that the debt crisis could spread to Greece, the other euro-zone countries in financial difficulties, the factors that drive the market to have to buy safe assets. Investors worry the problem will spread to Greece, Spain and Portugal, the same financial position of the two stretched and weak economic growth in the euro area countries. The day against the dollar, the euro fell 1.4%.

Affected by the New York Mercantile Exchange (NYMEX) crude oil futures fell 4% 4, June light, sweet crude settled down 3.45 U.S. dollars to 82.74 U.S. dollars a barrel, ending the previous four consecutive trading days up potential; While oil prices on the 4th hit on April 27 only the lowest level since, but it is February 4 single-day decline since. ICE Brent crude futures contract settled down 3.27 U.S. dollars to 85.67 U.S. dollars a barrel, down 3.7%, to the lowest since April 22 settlement price, also set on February 4th biggest one-day percentage decline since.

Author: Jiande Tongyu Electrical Tools Factory
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