Sunday, December 18, 2011

closed at $ 24

129667837442959142_348The European debt crisis under the haze, commodity markets this week see a visible rebound, chemical market consolidation trend overall low oscillation. Recently, the ratings agency warned European countries again, Fitch was Portugal's rating to junk status. Italy yields high, while Germany debt auction unsatisfactory market concern about Europe'sThe debt crisis is spreading to the eurozone core countries. The European debt crisis not improving at the same time, United States waves again, the two parties arguing on the problem of reducing, stock markets also tumbled affected by this.   In the context of European and American debt crises swtor credits, commodity markets will remain weak as a whole. New York crude prices above $ 100 last week after a significantAdjustable, fell slightly this week, but declined the marked slowdown, as at 15:00 hours on Friday, New York crude oil at $ 97.09. Rising Futures Research Center analyst Liang Jingchao said, compared with the movement of the early downs swtor power leveling, domestic chemicals market was relatively stable this week, most varieties of low vibration finishing. Natural rubber main contract RU1205 this week by $ 865, or 3.42%, closed at $ 24,455. Recently, natural rubber stocks at a high level in the lower reaches, business procurement initiative, rubber prices to upstream. Although early announced three major rubber-producing countries will ensure that rubber prices were above $ 3000~3500, but this will require an improvement in plans lack of substantive progress, businessmen took a wait-and-see attitude. In addition, syntheticRubber prices high in early marked decline, although recent stabilisation, but the rubber support is also very limited.   In the case of macro-no better, Shanghai rubber future or continuing oscillation down. Plastic prices this week finishing sideways oscillations, the major contracts $ L1205 close at 9,365, representing a decrease of $ 100 or 1.06%. Crude oil prices remained at 9Above $ 5, on the formation of chemical market strong support.   Price stability of vinyl plastic upstream Asia seen to rise, at present, the CFR vinyl quotes in Northeast Asia in the 1026.5-$/ton, CFR vinyl quotes in 1002.5-$/ton in Southeast Asia. PTA trend of weaker this week, the major contract TA1205Close at 7,844 Yuan, representing a decrease of $ 214 or. As PTA prices retreat, PTA manufacturers limiting quoting of policy have been taken, but for now, this method stimulus to the market is very limited.

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