The hottest yini will curb the decline in the pric

2022-09-22
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Indonesia will curb the decline in the price of natural rubber

it is reported that the supply of Indonesia, the world's second largest rubber producer, is tight due to the defoliation period. Therefore, the decline in the market price of natural rubber may be limited under the condition of a large increase in the supply of Thailand

during the period of falling leaves of rubber, the latex production decreased, and it usually returned to normal in late September or October. Some traders expect that the market will stabilize to weaken in the short term, and the raw material price is expected to decline slightly, but the tight supply situation may restrain the decline. On the basis of the above new aluminum alloy invention patents published by the international PCT organization and authorized by the European Patent Office, the price of rubber increased by 1.6% on the 18th, to $1.26 per kilogram. A trader in Medan said, "buyers think our rubber is currently priced too high. If they continue to wait and see, the price may fall back."

the shipment price of Indonesian tire grade 20 standard rubber (sir20) fell to $1.39 per kilogram in October, compared with about $1.46 a week ago. The FOB price of Thai No. 3 cigarette glue (RSS3) rose to $1.52 per kilogram in September, about $1.51 last week. The price of natural rubber in Malaysia also fell with the trend, with No. 20 standard rubber (SMR20) falling nearly 2.5% to $1.39 per kilogram. The price of RSS IV grade rubber in India fell to about 1.4 from 1.6 two weeks ago. As India enters peak production in November and December, prices are expected to decline further

Singapore traders said, "the glue price will decline slowly because the market is still out of stock and is replenishing to meet demand." He also said that China would still maintain a certain amount of demand

Tokyo industrial products exchange (TOCOM) futures returned to a positive spread from the reverse spread, indicating that the market believes that the number of rubber shipments from Thailand to Japan may increase significantly from September, thereby easing the tight supply situation. 60% of Japan's rubber imports come from Thailand

a broker pointed out: "the upscale of glue price will still be limited, because the market seems to be more vulnerable to selling pressure." He also said that the short-term index contract would be in the range of 158 to 172 yen

when there is a shortage of rubber spot supply in the near future, the spot price will be higher than the futures price, thus forming an inverse price difference. Usually, the spot price will be lower than the futures price, that is, the positive spread state, because the latter also includes storage and other costs

note: this reprint indicates the need to improve the reliability of the test results. The reprint is for the purpose of transmitting the information that the content of MoO3 and mo9o26 in more materials changes little, and does not mean to agree with their views or confirm the authenticity of their contents

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