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Qingdao area natural rubber bonded inventory and general trade inventory continue to increase, Japan's domestic natural rubber futures prices are falling sharply
Category:Industry news Source:This station Datetime:2023-05-19 10:55:00 Hits:473

At present, domestic Yunnan production areas enter the seasonal cutting period, but due to the impact of powdery mildew, the full cutting time may be delayed. In Hainan production areas, the cutting time is sporadic, and the purchase price of concentrated milk is higher than that of whole milk. Recently, the goods from the port continue to arrive at the port, and most terminal purchases are purchased with use. The bonded stock and general trade stock of natural rubber in Qingdao area continue to increase, and the short-term stock accumulation trend is expected to continue.

According to Nikkei Chinese reported on April 6, natural rubber used in automobile tires and other domestic futures prices are falling sharply. It is down 10% from its recent peak in late January, and is near its lowest level in about 1 1/2 years. The backdrop is a decline in tire-related demand in China and Europe, the main consumer destinations. Japan's domestic natural rubber futures are an indicator of domestic trading prices. It is also likely to affect the price of rubber products in Japan, which has been rising.

Futures on the Osaka Exchange, an international indicator of natural rubber prices, fell to Y210.5 a kilogram as of April 4, down 11 per cent from a recent peak on January 27. It fell as low as 201.9 yen on March 22, its lowest level in about a year and a half since September 2021.

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