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Rubber spot quotations fell, merchants were cautious and wait-and-see

 Last Update: 2022-12-05
 Source: Internet
 Author: User

Tags

natural rubber

high pressure vessel

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Last week, natural rubber spot showed a slight decline
.
Mainly affected by the plunge in the futures market, prices rebounded
from mid-week to weekend.

rubber

Specifically, the slight rise in Shanghai rubber in the middle of the week led to a slight adjustment of the RMB spot price, and the weekly rebound of Shanghai rubber rebounded, promoting the price of various rubber types in the RMB spot market to rise by about 300-500 yuan / ton, and the market offer enthusiasm was high, but the trading activity was very low
.
As of Friday, 15-year-old state-run full latex rose 300 yuan/ton from last week to about
13,000-13,100 yuan/ton.

In the later stage, after a continuous decline, the rubber market showed signs of over-fall rebound, and there was a slight rebound expectation downstream, but the inventory was high, the supply continued to increase, and the sluggish demand will still drive the bears to play a strong pressure, and it is expected that the rubber market quotation will remain weak
next week.

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