May 20 (DZH AAFN) — The benchmark contract of Shanghai rubber futures extended the previous day’s gains to 14,410 yuan ($2,310.26) per tonne in the early trade today, as the worries about rubber supply caused by the tension between China and Vietnam pushed up the price of natural rubber.
Analysts assumed the long-term trend of rubber futures still depends on the fundamental market situation as high inventory puts a limit on the rally of rubber futures.
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Source: aastocks.com
