Natural rubber prices finds it difficult to record high

According to the Ministry of Agriculture to monitor the Bureau of Reclamation, in July 2005 domestic natural rubber and rubber producing countries in Southeast Asia, Thailand, Indonesia, Malaysia and the three countries SIR20 standard RSS3 rubber prices in June rose sharply on the basis of climbing, reaching new heights. However, analysts believe that natural rubber prices will set a new high is very little.

Haikou, the main producing areas of domestic SCR5 average closing price of 15892.23 yuan / ton, the highest closing price of 17,000 yuan / ton, Shanghai, the average sales price of 16123.81 yuan / ton, the highest price reached 17,000 yuan / ton. Foreign main producing areas in Thailand RSS36 on the average price of 1676.16 U.S. dollars / ton, the highest price reached 1803 U.S. dollars / ton, up more than 280 U.S. dollars in early / ton.

Analysts pointed out that in late July because of Dong Jingjiao prices and the appreciation of the RMB exchange rate increase is lower than the market expected, the domestic futures market spot prices, futures contracts in October futures price of 1400 yuan up to three days / ton, the highest price reached 17,390 yuan / Tons, Hainan Land Reclamation e-commerce transactions is also the highest price reached 17,000 yuan / ton. For the rising prices of natural rubber, the country has taken effective measures, from July 22 onwards to the adhesive from the tariff reduction of 8% to 5%, natural rubber has effectively curbed the rise of space.

Analysts are expected to enter in August after a record high price of natural rubber is unlikely, with the international and domestic resources and increase domestic demand to reduce the price to come down gradually.