Home Global rubber market news Natural rubber shock upward

Natural rubber shock upward

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Spot information: The price of domestically produced latex (WF) has risen. East China: 12,300 / ton, North China: 12250 / ton, and Southwest China: 12250 / ton. 20 (No. 20 plastic) price rose: 11,250 / ton. The price of Hat Yai in Thailand rose, with 34.8 cups of glue, 39.7 glues, 43.39 tobacco slices, and 39.55 baht per kilogram of raw rubber.

Market analysis: The main producing areas of Thailand, Indonesia, and Malay were affected by fungal diseases, and the production was severely reduced. The three countries have reduced their annual rubber this year, but overall rubber is still sufficient, and excessive speculation should be prevented. On the side, the initial intention of the China-US agreement was reached, which has a positive effect on the mentality. At the same time, the bottom of the automobile industry has begun to rebound, the demand for tires has increased, and the sales of heavy have also passed. Operational recommendations: The demand improves and the declines, and fluctuates upward. Concerned about Tianjiao 05 contract range of 12200-13500 yuan / ton.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/52587.html

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