Low rubber buyback


rubber rebounded slightly in the night, RU2005 closed at 13235 points, down 0.48%. 2003 closed at 10950 points, down 0.36%. In terms of market, the recent drop in rainfall in , the market began to pay attention to the weather and drought factors, to give the market conditions for speculation. Recently, the upstream raw material prices have risen slightly, the processing plant has good production , and the processing enthusiasm is high.  in the bonded area fell slightly this month, and the general trade warehouse increased slightly, and the storage plan continued to increase. The tire factory gradually went on holiday after a small year. The purchase of rubber just ended gradually, and the spot trade was weak. The accumulation rate of natural rubber futures is lower than the same period of the same period, and price support is strengthened. Overall, rubber still maintains a strong shock pattern.

In terms of strategy, natural rubber maintains a mid-term upward judgment, and short-term retracements can increase long positions, with a later target price of 13,600 points.

Translated by from http://www.cria.org.cn/newsdetail/52663.html


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