Sep Rubber Products Hovered at Low Levels

Sep Rubber Products Hovered at Low Levels

Prices of rubber industry products saw small-ranged movements in September. Thereinto, prices of upstream products would increase while downstream industries consumed the feedstock slowly. Thus, affected by environmental protection inspection and units’ shutdown, downstream markets will not lend strong support to the upstream industries in the short run. However, downstream markets underperformed for the time being. There will be high sales pressure on downstream industries in the coming days.

Natural rubber: In September, prices of natural rubber fluctuated at high levels. Although the upward range widened compared with early days, the whole price of natural rubber still hovered at low levels. The whole fundamentals were largely stable, curbing the natural rubber prices increase. During this period, the price fluctuations were driven by the flow capital. Besides, the decline in futures prices of ferrous metal was hedged by closing out in the natural rubber futures market. In October, both domestic and foreign producing areas will usher in the supply peak season, and the supply will be sufficient in the market. Thus, China’s natural rubber market will rebound in October.

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