Physical rubber markets in Asia followed a downward movement of futures rubber markets in Asia, especially Tokyo and Shanghai rubber futures, which were mainly weighed down by weak rubber market sentiment and weak investor’s confidence amid natural rubber (NR) supply tightness as rubber trees are shedding leaves in the dry wintering season and NR demand from the auto and rubber glove industries remained steady in particular.
Under the current perception of investors on rubber futures, most of them still take short positions as they put more weigh on rubber market sentiment and fresh daily incoming non-rubber news and reports instead of taking rubber market fundamentals into account.
– IRCo
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