Rubber futures and physical rubber markets in Asia moved in tandem with the Dow Jones Industrial Average and Shanghai Stock Exchange Composite Index, and they stayed lower than an earlier week as weak market sentiment and investor confidence still weighed on rubber market fundamentals.
Nonetheless, it is expected that the dry wintering season and the coming El Nino in the region will reduce natural rubber (NR) supply in the coming weeks. That means the rubber market fundamentals will influence the currently weak market sentiment, and there is a chance that NR prices on physical rubber markets will improve.
