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September rubber market continued declines

September domestic rubber market continued to fall, but the magnitude is slightly narrowed from August, according to the business community monitoring, September 1 rubber index was 731 points, 27 September fell to 715 points, an overall decline of 16 points.

Since September natural rubber, synthetic rubber showed weakness. Showed a substantial decline in the trend of natural rubber, synthetic rubber declines slightly less common, special glue steady decline slightly.According to the business community monitoring, September 1 natural rubber prices at 13,193 yuan / ton, September 27 natural rubber prices at 11,500 yuan / ton, down 12.83%; synthetic rubber, the styrene-butadiene rubber prices in early 1502 for 12437 yuan / ton, September 27 the price of 11,875 yuan / ton, down 4.52%; nitrile rubber Sept. 1 price 17,360 yuan / ton, September 27 the price of 17,200 yuan / ton, down 0.92%.

The main reason:

Terms of natural rubber , an external disk on plastic tumbled since September; 2, the supply of natural rubber positive season, even though there are many places to stop cutting, but the supply remains adequate; 3, the downstream auto sales weak, the tire industry suffered “double reverse “Pressure.

Universal synthetic aspects , one, demand remains weak, traders shipped no significant increase in auto sales weak downstream tire industry suffered “dual” pressure; 2, petrochemical operating rate at 7 percent or more, adequate market supply; 3, Common synthetic rubber fall in the market bearish atmosphere. 4, some species such as styrene-butadiene rubber and petrochemical continue to drop quotes; 4, the cost of support, general synthetic rubber fell marginally, according to the business community monitoring, since September butadiene prices rose by 3.40 percent.

Special glue aspect , a downstream plant started the general level of market demand is difficult to raise; 2, the cost of support, general synthetic rubber fell marginally, according to the business community monitoring, since September butadiene prices rose by 3.40 percent.

Outlook forecast:

Overall, nine gold effect does not appear, after a September slump after, or will gradually toward balance between supply and demand, in the case of raw materials is not dropped, the business community believes analyst Xu Xiaokun late rubber market as a whole will be a smooth weak operation.

Translated by Google Translator from http://market.cria.org.cn/25/23730.html

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