Natural rubber on the night of the 24th appeared to oscillate upward trend, as of press time, the recent rubber price oscillation upward to keep nearly a week.
Currently investors are more expected to focus on two aspects, first of all, the extreme weather has led to the upstream output favorable, domestic and Southeast Asian rubber-producing countries to reduce the supply side of the short term, raw material prices also went up, domestic and foreign production areas of the new rubber production are affected by the rainfall as a whole less than the same period of the release of the Hainan production areas of the glue system full milk and the system of thick latex spreads are to maintain the level of the water. Another aspect is the downstream, after August, the traditional consumption off-season has passed, the future with the macro stimulus or usher in a wave of passenger car consumption climax, coupled with the upstream more, the recent rubber prices will continue to trend upward, but will not appear prices rise, 13000 line for the current rubber is the limit. It is not easy to keep oscillating and finishing around 10,000-300 during the week.
Rubber prices temporarily broke through the medium-term decline channel, the short-term rebound trend began to spread to the medium-term upward pattern, is expected to domestic Shanghai rubber futures 2401 contract on Friday is expected to show a strong trend of oscillation.