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Monday, July 4, 2022

Natural rubber: futures shock consolidation foreign supply soon

Shanghai Commodity Exchange Hujiao futures main contract 1809 opened at 11,450 yuan / ton to close at 11,505 yuan / ton, compared with the previous trading day, settled at 11,480 yuan / ton, up 40 yuan / ton, or 0.35%, closing 356,604 positions 433,492 hands .

Spot market: Today, natural rubber prices fluctuated in a weak position. In the futures sector, natural rubber opened lower and oscillated, stabilized and recovered in intraday, continuing the concussion pattern. In terms of spot, domestic stocks are still at a high level. At the same time, with the beginning of the Songkran Festival in Thailand, the days of the opening of the supply of foreign production areas are gradually approaching, and thus the basic pattern of weak fundamentals of natural rubber is difficult to change. It is expected that there will still be a drop in natural rubber in the latter period.

The current market mainstream reference quote: East China State-owned 16 full latex reference quotes at 10450-10600 yuan / ton; Thailand three smoke tablets offer at 13300-13500 yuan / ton; Vietnam 3L offer at 10600-10700 yuan / ton.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/43247.html

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