Source: Natural rubber
At night, Hujiao RU2409 contract fell 0crash4it'sabouttimenintendoswitch.42%crash4it'sabouttimenintendoswitch, closed at 14145 yuan/ton.
Domestic and foreign rubber production areas have successively welcomed rainfallcrash4it'sabouttimenintendoswitchHowever, the drought relief is limited, so the release of new rubber is still not smooth, the supply is less than expected, but the marginal support effect on prices is weakening.
Downstream rubber tire companies are expected to resume construction after the holiday, but the demand for raw material procurement may be limited in the short term, and the operating rate of all-steel tire companies will recover slowly. Recently, the supply of new rubber production has been relatively limited, and port inventories are expected to continue to decline.
Technically, the rebound of Hujiao RU2409 has been blocked and continues to pay attention to the pressure above.
Operation suggestions, wait and see for the time being.