The Investors in Rubber Marketplace Are Keeping An Eye on the Oil Price

The further intensified situation in south Korea and north Korea with the performance of oil price which has stayed at the level of 90 dollars instead of continuing its improving momentum have imposed pressure on rubber marketplace, the rubber futures is planning to come upon an additional recorded high and the price seems to be a littler higher than the processed rubber.The Top 5 Best NSK bearings. On 27th, the price tag on the oil futures in NYMEX in February has decreased by 20 cents, reaching 91.31 dollars per barrel. Chinese Central Bank has announced to conduct the second interest raise in this year so as to take care of the high inflation rate and current severe negative rate of interest scenario, this move has implied that China has entered the interest raising cycle, imposing specific pressure on the oil market. Influenced by the abnormal cold climate in the north hemisphere also, the sudden enhanced demand in fuel, the price of the oil increased immediately. Oil price is also suppressed by an item of news, saying that a significant sized US gasoline plant is planning to reopen, the Hovensa gasoline plant, with a daily productivity of 500,000 barrels of oil, positioned in Virgin Islands was forced to stop its business activities for 14 days as a result of various of the malfunctioned equipments, now, it really is planning to recover its production.New Timken bearings Current in This winter . The oil price drops will reduce the cost of processed rubber, even so, this situation is rather adversely to the selling price of natural rubber. As to other aspects, the South Korean military officials have announced that they would conduct live-fire exercises on over twenty sea waters within the country from 27 to 31 this month. The geopolitical situation is obtaining tenser and tenser, imposing a powerful impact on the formation of Chinese capital marketplace, investors worry that Chinese economy with the whole east Asian economy will most likely be clouded with uncertainties. But, this negative impact will not endure, not to mention military conflict of big scale. Even though this is the case, the perspective of fiscal growth in 2011 is promising, geopolitical situation is unlikely to give birth to long term pressure, besides, positive fiscal and fnancial policies will counteract some of the pressure brought along by monetary contraction. Rubber futures market is not confronting with serious pressure, the tightening demand for rubber has made it virtually tough for the price to drop. The selling price of the rubber futures is gonna hit the greatest point in this year, however, there is no sign that it'll break by means of yet another historical high, therefore, compared with the selling price of the processed rubber, natural rubber is beginning to lose its appealing, hence leading to investors to shift their attention to the price of the oil in international market to discover on the condition where it can reach 1 hundred dollars per barrel.What's Nobby now?: cylindrical roller bearing!.