Natural rubber prices despite the recent increase greatly, but from the fundamental observation, positive support factors in the short term does not reduce.
RMB and yen showed a continued downward trend, crude oil prices continued upward, to support the rubber price provided the premise of currency.
The main natural rubber producing countries, especially Thailand facing inclement weather, may affect the late supply to rubber. Thailand rubber Administration recently said that by natural disasters this year, Thailand rubber production fell 20%.
PVA 0599 (PVA BF05) |
While the market demand in the short term and did not change significantly, the bonded areas continue to reduce inventory.
As the rubber tire downstream enterprises operating rate continued to rise, sales data better, “golden nine silver ten” trend. The terminal demand, promote the rubber futures market buying confidence rose again.
Only a day after just two days, there were more than 1 billion yuan capital inflows HuJiao futures contracts, so as to promote the rubber prices rose sharply.
http://www.trimethylaceticacid.com |