During the week of 28 September – 2 October, IRCo’s Daily Composite Price (DCP) hovered around 128 US cents level which is in line with the natural rubber (NR) price movements in major Asian futures and physical rubber markets.
Recent encouraging development in China economy and possibility for US Federal Reserve (Fed) to delay its decision on interest rates hike may provide some support to commodity and NR prices.
China’s official manufacturing Purchasing Manager Index (PMI) is already showing a rebound from 49.7 in August to 49.8 in September 2015.
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In addition to that the prolonged and severe El Nino phenomena would affect commodities production including NR in the upcoming 4Q15 and 1Q16.
The comparison of NR Prices, equity, crude oil price and currencies between 28 September and 2 October 2015 are as follows:
