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Rubber futures have dropped to lower stock range

09/06/2015 By hau.vt

Natural rubber: May PMI was 50.2 percent, up 0.1 percentage points.Early policy steady growth driven by demand and production stabilized, the new orders index and production index increased by 0.4 percentage points qoq, respectively, 0.3 percent, PMI edged up to become the main driving force. Rubber own point of view, Qingdao Bonded rubber total inventory level of 168,100 tons, compared with an overall decline of 13.7% in mid-March, has fallen to a lower stock range.

Recently came news of adhesive to reconsider, on Thursday will hold a forum once again, there are concerns about the policy change, maintain the original policy if the old adhesive prices will continue to rise, and the standard is expected to gradually move closer glue dutiable value, If the adhesive there is a delay, because the overseas shipment basically completely stopped in mid-June, it delayed the re-production time overseas adhesive or will be delayed.

Resulting in short-term still become relatively tight adhesive varieties, prices gradually move closer still and Hujiao primarily, but not for pulling rubber prices play a significant role in the short term more or strong raw material prices and weather conditions for futures speculation There are certain catalytic disk.

Translated by Google Translator from http://market.cria.org.cn/4/27301.html

Filed Under: Global rubber market news, News

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