Rubber Barrel
Himfr.com Reports Rubber prices head south
Rubber slumped by the most in eight months after US President Barack Obama imposed tariffs on tire imports from China, spurring concerns that demand in the world’s largest consumer of the commodity may decline.
Futures in Tokyo fell as much as 7.8 percent, the biggest decline since Jan 13. The US imposed tariffs of 35 percent on $1.8 billion worth of tires from China, acting on a union complaint that imports were pushing US workers out of jobs.
“The news triggered sales of rubber futures,” Kazuhiko Saito, chief analyst at Tokyo-based commodity broker Fujitomi Co, said. “The US action may not only weaken rubber consumption in China, but also have a negative influence on the global economy if retaliatory moves accelerate.”
February-delivery rubber fell as much as 16.7 yen to 198.4 yen a kilogram ($2,195 a metric ton) on the Tokyo Commodity Exchange after a 10-yen drop triggered a circuit breaker system, leading to the suspension of trading for five minutes. The contract traded at 199 yen in morning trade.
January-delivery rubber on the Shanghai Futures Exchange tumbled by the daily price limit, or 5 percent, to 17,710 yuan ($2,594) a ton.
The European Central Bank said last week that rising protectionism may hamper world trade and undermine the global economy’s recovery from recession.
Natural rubber demand in China is expected to rise by about 100,000 tons to 2 million tons this year, representing 20 percent of global consumption, Roka Komiya, a trader at the rubber section of Tokyo-based trading company Marubeni Corp, said.
China will increasingly rely on imports to meet rising demand because of a shortage of suitable land to boost domestic output, Komiya said. Domestic production may be as much as 600,000 tons this year, he added.
Rubber futures also tumbled as a slump in oil cut the appeal of the commodity, Fujitomi’s Saito said. Crude oil fell for a second day on speculation its rally to $75 a barrel last month outpaced the rate of recovery in the global economy.
About the Author
I am a professional editor from http://www.himfr.com，and my work is to promote a free online trade platform.
http://www.himfr.com/ contain a great deal of information about overhead car dvd players,rubber suction cups,welcome to visit!
Double Barrel Mini Spear Rubber-band Sling Gun Office WMD 101
|
|
5 Pcs Rubber Grip Barrel 0.5mm Blue Ink Ball Point Pens $5.18 |
|
|
1996 Yamaha RT100 Front Brake Cable Nut, Barrel, Spring and Rubber Boot $14.95 |
|
|
BLACK SL Rubber Sleeve/Barrel/Arms for Oakley M FRAME Sunglasses fits 2.0 $8.00 |
|
|
BARREL FOUNTAIN – Stampendous Rubber Stamp #R039 $4.99 |
|
|
Chisel® Stainless Steel Black Rubber Accent Barrel Polish 8″ Wrist Link Bracelet $30.99 |
|
|
Stampin’ Up! rubber stamp, VARIOUS DESIGNS – SMALL 2 $4.50 |
|
|
COUNTRY STORE FRONT, BARREL ETC UNMOUNTED RUBBER STAMP $4.99 |
|
|
us11 R100 Pcs Rubber Barrel Swivel with Interlock Snap $0.99 |
|
|
SL RED Rubber Sleeve/Barrel/Arms for Oakley RADAR Sunglasses path pitch range $8.00 |
|
|
SL PINK Rubber Sleeve/Barrel/Arms for Oakley RADAR Sunglasses path pitch range $8.00 |
|
|
Chrome Plated Harley Rail Style Barrel Grips with Rubber Inserts $69.99 |
|
|
6 SHORT BARREL ELASTIC GUN rubber band shooter new toy $18.99 |
|
|
SL BLUE Rubber Sleeve/Barrel/Arms for Oakley RADAR Sunglasses path pitch range $8.00 |
|
|
SL BLACK Rubber Sleeve/Barrel/Arms for Oakley M FRAME Sunglasses fits 2.0 $8.00 |
|
|
1R 100 Pcs Rubber Barrel Swivel with Interlock Snap $0.99 |
|
|
Plastic Barrel Rubber Grip Slim Round Ballpoint Pen $3.11 |
|
|
Pilot Gel Pen, w/Rubber Grip, Fine Point, Assorted Barrel/Ink $16.27 |
|
|
Integra – 30031 – Rubber Barrel Retractable Ballpoint Pen – 5 Item Bundle – Ball $22.05 |
|
|
Integra – 30032 – Rubber Barrel Retractable Ballpoint Pen – 5 Item Bundle – Ball $18.99 |
|
|
Integra – 33307 – Rubber Barrel Retractable Ballpoint Pen – 5 Item Bundle – Ball $20.39 |
|
|
Anchor Hocking 1-Gallon Heritage Hill Jar with Glass Lid $12.50 These storage jars are great to keep candy, cookies, snacks, and even pet treats. Crystal glass jar with glass cover…. |
|
|
OXO Good Grips 5-Piece POP Container Set $34.99 Seal away your dry foods and keep them fresh and safe with the Good Grips POP containers by OXO. Hermetically sealed, airtight canisters have been proven to increase the life span of dry foods, due to the amazing preservative side effects and protection from outside contaminants. These white, semi-transparent containers are square in shape, and feature large ‘buttons’ that, once pressed, seal off … |
|
|
Anchor Hocking 2-Gallon Heritage Hill Jar with Glass Lid $18.38 These storage jars are great to keep candy, cookies, snacks, and even pet treats. Crystal glass jar with glass cover…. |
|
|
Dramm 12380 Heavy-Duty Brass Adjustable Hose Nozzle $11.40 Dramm 10-12380 800 Brass Adjustable Hose Nozzle, Brass The Adjustable Hose Nozzle is great for cleaning walkways, benches, equipment…just about anything! Twist the barrel to adjust the water pattern from a fine, cone-shaped spray to a powerful stream. Twist the barrel back and the water is off. Manufactured in the USA from brass. 3/4 hose threads. Dramm 10-12380 800 Brass Adjustable Hose Nozzle,… |
|
|
Marathon Industries 00003 4.00-6-Inch Flat-Free Wheelbarrow Tire with Ribbed Tread, 3.50/2.50-8-Inch Tire (Replaces 4.00-6-Inch), 6-Inch Centered Hub, 5/8-Inch Ball Bearings, 13-Inch Tire Diameter $28.62 The Marathon Industries 13-inch flat-free wheelbarrow tire provides the bounce and feel of air tires with the benefit of no flats. Perfect for contractors and residential users with small wheelbarrows and carts, this tire is rated to 300 pounds. Mounted on a heavy-duty steel rim with high performance bearing, this ribbed tread tire has a 13-inch diameter…. |
|
|
Marathon Industries 92001 20×2.0 Flat Free Cart Tire On Black Plastic Rim – 3/4-Inch Bearing $34.99 Suffer through no more downtime caused by flat tires on your lawn mower, lawn cart, wheel barrow or trailer with this Marathon 20in. flat-free tire. Tire Type: Microcellular Polyurethane, Rim Size (in.): 20, Tire Size: 20in. x 2in., Bore Diameter (in.): 3/4, Bearings Included: Yes, Hub Width (in.): 2, Load Capacity (lbs.): 250, Rim Included: Yes, plastic, Tread Type: Ribbed. Actual diameter measur… |
|
|
GOgroove FlexSMART 4i Car Mount System Hi-Fi FM Transmitter and Charger for Apple iPhone 4S , 4 , 3GS , 3G / iPod Touch 4th Generation and Other iPods $39.99 Play, Charge, and Mount your iPhone or iPod ON-THE-GO! Play Music Through Your Car Speakers!Sound quality is SUPERIOR to most any FM Transmitter on the market. A well designed display and easy to use frequency finder, makes tuning into your Music simple! Flexible Neck and Rotating Head Provides a Perfect Fit in Nearly ANY Car!The Flexpod plugs into your DC Car Outlet (Cigarette Lighter Socket). Wi… |
|
|
StreetWires FB4 4 AWG Firewall Bushing $6.89 This black, high-temperature firewall grommet features heavy-duty three-piece PVC construction with dual rubber seals for power wire protection and water resistance…. |
|
|
Oakley Men’s Two Barrel Mid Fashion Sneaker $170.24 Get more style from your sneaker and lace up the Oakley Two Barrel mid fashion sneaker. The leather upper features perforations over the toe for breathability, laces and a padded collar for a comfortable fit, and a cool pattern on the side for sporty style. The rubber sole provides traction and cushioning, making this as sensible as it is sharp…. |
|
|
C1rca Riot Skate Shoes Black Mens SZ $54.95 The Riot from Circa Combat gives you the style and board feel of a vulcanized sole with the support and padding of a cupsole…. |