China Rubber News
On Friday, Hujiao hit high and met resistance, and then returned to fall. The main reason was that the CPI data was slightly bullish for Hujiao.
In December, the overall level of consumer prices nationwide rose by 2.5% year-on-year. Among them, urban prices rose by 2.5%, rural areas rose by 2.5%; food prices rose by 4.2%, non-food prices rose by 1.7%; consumer goods prices rose by 2.5%, and service items prices rose by 2.5%. In 2012, the overall national consumer price level rose by 2.6% over the previous year. Affected by higher food prices, the CPI growth rate may remain above 2% in the next few months.
China Rubber News
On Friday, Hujiao hit high and met resistance, and then returned to fall. The main reason was that the CPI data was slightly bullish for Hujiao.
In December, the overall level of consumer prices nationwide rose by 2.5% year-on-year. Among them, urban prices rose by 2.5%, rural areas rose by 2.5%; food prices rose by 4.2%, non-food prices rose by 1.7%; consumer goods prices rose by 2.5%, and service items prices rose by 2.5%. In 2012, the overall national consumer price level rose by 2.6% over the previous year. Affected by higher food prices, the CPI growth rate may remain above 2% in the next few months.
China's economy is expected to grow by about 7.5% in 2013, and the consumer price index (CPI) will increase by about 3.5% year-on-year. Except for the short-term fluctuations in CPI during the Spring Festival, the CPI growth rate in the next few months may remain above 2%.
China’s December trade surplus announced on the 10th almost doubled. The market believes that China’s trade data indicate that China’s economy has accelerated at the end of 2012. China’s monetary policy this year will be presented in a different way last year. Stability and looseness will be the main tone this year.
Despite this, the upward inflation is still in a controllable range, and imported inflation pressure is not great. Although the United States and Europe have introduced quantitative easing policies every day to create a loose monetary environment for the resumption of inflation, the global economic demand is weak, and the fundamentals of commodity prices are not rising. Existence, imported inflation pressure is difficult to reach the level between 2009 and 2011. Therefore, although natural rubber has risen, the space is still relatively limited.
As the domestic economy recovered, investment demand and consumer demand started, and prices began to rebound. Fortunately, CPI is still at a low level. Therefore, moderate inflation has a positive impact on the economic rebound and has a positive effect on natural rubber.