During the May Day holiday, overseas rubber prices surged; how will the domestic market pick up after the holiday?

robot
Abstract generation in progress

During the May Day holiday, overseas rubber prices overall rose. Singapore No. 20 rubber rose by 1.21% to 217.2, a modest increase; Japan RSS3 fell by 0.64% to 404.3, with mild fluctuations. Butadiene rubber has relatively weak supply and demand, and no substantial positive catalysts emerged. The drop in the raw material butadiene was far greater than the decline in butadiene rubber; butadiene rubber BR is likely to catch down as well. As the market changes quickly overall, traders need to respond flexibly. Bulls and bears tell different stories. The rise is driven by bullish macro expectations and seasonal expectations; the fall is due to weak demand. Natural rubber RU bulls believe that the current state of rubber plantations in Southeast Asia may limit rubber output, while China’s demand outlook has improved and natural rubber may replace synthetic rubber, etc. Natural rubber RU bears believe macro expectations have worsened at the margin, supply is increasing, and demand is in the seasonal off-peak period. (Natural Rubber Network)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin