[Macro strategy] The macro-level is relatively stable. The external market continues to rebound under the stimulus of the Fed's interest rate cuts. Domestic industrial products generally follow the rebound, and the market enters a period of emotional recovery after continuous decline. The central bank provides credit enhancement for the issuance of interbank deposit receipts for some small and medium-sized banks, and the State Council's policy of allowing special bonds Okusobola okufuna kapito omukulu owa pulojekiti ne kapito okulaga nti obutale bw’ensimbi obutebenkevu n’enkola z’okugaziya ebbanja biyingiziddwa. kisuubirwa nti endowooza y’akatale ey’ekiseera ekitono ejja kusigala ng’eddabiriziddwa. oba nga wakyaliwo okuddamu, naye ekifo kirina okuba nga kisingako ekkomo. kirungi bamusigansimbi abeetabye mu kuddamu okussa essira ku kuteekawo okusimbula n’okuyimirira okulondeddwa{{11} .
[Rubber] The global natural rubber planting area began to increase in 2005, and peaked in 2011. In 2016, the newly planted area was basically stagnant. From this calculation, 2017-2018 is the period of the greatest supply pressure, and it is expected that there will be an inflection point from 2019 to 2020. The rubber harvester's tapping income at the starting point of the natural rubber industry chain is very thin, and life is very difficult. Due to the popularity of durian in the Chinese market, prices have continued to rise in recent years, and many rubber farmers in Thailand have been willing to cut down rubber trees and replant durians. Coupled with the hot and dry weather in the opening season this year, there is a shortage of rubber raw materials supply, which has strong support for rubber prices. Due to the high upstream purchase price and the low rubber prices, the Southeast Asian rubber processing plant business is bleak, and a large number of rubber factories are facing bankruptcy. On the demand side, China's largest domestic rubber consumers are following a macro slowdown, and foreign sales are being suppressed by double-reverse and trade wars. Rubber demand in developed economies in Europe and the United States has maintained a low natural growth rate, and emerging market countries in Southeast Asia have driven demand for rubber due to industrial transfers. In general, the demand side of rubber is mainly based on global GDP, and will maintain steady growth at a low speed for a long time. The natural production rules of natural rubber are determined, usually 8 years is an industry economic cycle. The global natural rubber industry is at the bottom of the boom cycle. At present, supply growth is still slightly higher than demand growth, but overall, from a serious oversupply, the supply n'obwetaavu biba bya bbalansi nnyo.