Rubber markets in Asia remained depressed by oversold situations particularly on Tokyo andShanghai rubber exchanges, even though China Association of Automobile Manufacturers (CAAM) reported that automobile sales in China increased 8.81% in April on a yearly basis to over 2 million units, and natural rubber supply in the market remained steady.
It is expected that market confidence will return in the coming quarters after the Chinese government issued guidelines on previous Friday to promote development of stock, bond, and futures markets, including expanding the scale of foreign investment in the capital markets.
IRCo is working closely with the ITRC member countries, Thailand, Indonesia, and Malaysia to evaluate the curre
Source: IRCo
