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This week, the spot quotation of natural rubber Qingdao Free Trade Zone market was mainly stable, traders began to gradually become active, downstream factories also began to purchase a small amount with the recovery of work, and the market atmosphere improved after the holiday
.
The overall price of foreign cargo is basically stable, the current Southeast Asian production area is basically stopped, this week foreign latex prices rose, due to the difficulty of factory raw material procurement, insufficient
supply.
At present, the rubber inventory in Qingdao Free Trade Zone continues to increase, and it is expected that there will still be cargoes arriving in the port next week, and the inventory pressure in the zone is large, and the supply of spot goods is sufficient
.
At present, downstream consumer enterprises have basically started work, production is gradually recovering, raw material consumption is basically dominated by previous inventory, only a small amount of procurement, demand still needs time
.
According to the latest statistics, as of mid-February 2016, rubber stocks in Qingdao Free Trade Zone soared to 278,100 tons, an increase of 6.
2% from the end of
January.
India's January imports climbed nearly 21 percent year-on-year to 35,174 tonnes
due to a decline in domestic production, the Indian Rubber Commission said on Friday, according to India's Feb.
19.
January production fell 3.
4% year-on-year to 56,000 tonnes
.
On February 22, U.
S.
President Barack Obama said while attending a meeting of the National Association of Governors that "China's dumping of state-protected goods against the United States is not feasible in the eyes of the United States
.
" Obama calls "state-protected products," and tires are one of
them.
BANGKOK, Thailand, Feb.
23 — Thailand's military junta on Tuesday approved about 87 billion baht ($2.
43 billion) in loans to support farmers
hit hard by falling commodity prices and widespread drought.
According to Beijing, February 22, the latest data released by the General Administration of Customs of China showed that China's imports of natural rubber (including latex) in January 2016 were 222,561 tons, down 26% from the previous month and up 2.
4% from the same period last year.
Imports of synthetic rubber (including latex) in January were 233,729 tons, down 19% month-on-month and up 74.
8%
year-on-year.
