Crude oil prices fell on the rubber to form short-term pressure

U.S. President George W. Bush Tuesday expressed the hope that the Organization of Petroleum Exporting Countries (OPEC) crude oil output in the discussion, taking into account the high oil prices could hurt demand for crude oil in the United States. Bush met with Saudi entrepreneurs, said: I hope that in considering the OPEC crude oil output levels, taking into account if the country's largest crude oil consumption of any damage to the economy, it will mean that demand will decline in crude oil and natural gas sales will eventually decline. Council to ease the situation in oil-producing countries, coupled with global economic growth has slowed, causing the price of crude oil rose less power. The U.S. consumer price index also dropped sharply against the reality of oil prices, overnight U.S. crude oil prices dropped more than 2.3 U.S. dollars, are the main varieties of the contract fell 91 dollars to close in the vicinity.
According to the International Rubber Study Group said that the Asia-Pacific region due to the economic recovery, making rubber consumption continued to grow in November World rubber consumption reached 22,370,000 tons, the annual growth rate of 4.2 percent, natural rubber consumption expected to rise to 9,650,000 tons , The annual growth rate of 4.3 percent. Asia-Pacific region by the expected economic growth and the main southern Thailand rubber plantation area into the early winter, rubber supply and demand is still tight. February shipment on the 3rd of Thailand Yan Pianjiao RSS3 reported 270 cents per kilogram, reported Monday cents 265-268; shipment in February of the Thailand-class standard tire rubber STR20 reported that 261 cents per kilogram, up 2 U.S. Jiaoqian Ri Points; shipment in February of Indonesia-class standard tire rubber SIR20 reported 255.7 cents per kg, up 2.2 cents Jiaoqian Ri; shipment in February of Malaysia SMR20 rubber tire-class standards has been reported 262 cents per kilogram, up 2 cents.
15, the domestic land-reclamation SCR 5 / 5 # S 1453 tons of plastic transactions, average transaction 23,172 yuan / ton. International factors on the rubber will have a negative impact on the trend, Hu Jiao 0805 today under the main contract to see 24,250 to 24,400 yuan in the vicinity of support, but is not expected to undermine the band on the rise. Straddle a watershed in the short-term current 24,250 yuan, after today's popularity in the watershed Straddle 24,780 yuan, 24,600 yuan the following sites should not be blind to see more.