Asian rubber market in the near future comments

According to overseas media reports, Singapore traders said the other day, with the weakening of the rainfall and tapping the process of recovery, Thailand and Malaysia to improve the supply of rubber, but buyers in the Chinese National Day holiday after the re-purchase will push rubber prices .

Malaysian rubber production in the northern part of a trader said that good weather conditions, tapping public restarted and is expected to drop prices. Chinese buyers should be on the 11th re-admission. Europe and the United States as a result of consumers believe that prices are too high at present do not want to buy, Jiaojia may need to adjust.

November and December shipment of tire-class standard of Malaysia's SMR20 rubber was steady offer 1.64 U.S. dollars per kilogram. November shipment of tire rubber-class Thai STR20 standard price is about 1.72 U.S. dollars per kilogram. December shipment of Indonesia SIR20 Palembang FOB reported that about 1.62 U.S. dollars per kilogram, and 10 of the same grade SIR20 FOB Medan, about 1.63 U.S. dollars.

Traders pointed out that the level of tire rubber SIR20 Indonesia last week, there are a number of transactions, but the Asian market as a whole rather dull trading status. Tokyo Commodity Exchange (TOCOM) 10 morning closed for holidays.

Southeast Asia's rubber prices usually follow a view to TOCOM rubber prices. Last week, as a result of tight supply, in particular, Thailand's largest producer of the supply tension, promote the period Gum TOCOM hit 199 yen (1 U.S. dollars 114.20 yen), 17-year point. TOCOM indicators in March 2006 rubber contract period on October 7 up 0.1 yen, 197 yen reported. Japan to the global market benchmarks to determine rubber price.