Overview of the hottest Tokyo rubber market 1112
2022-10-03- Detail
Tokyo futures market overview
futures fell nearly 4% to a three-month low on Monday. Due to the optimistic supply outlook, the price of rubber fell below the key technical level and triggered a large number of stop loss selling Some market participants said that news and data from China such as buying interest supported rubber prices, but these factors have not been enough to change the short position trend that has been under pressure on the market since early July Rubber prices in Thailand and other rubber producing countries are mostly limited to the level of last Friday, reflecting the weak market of Japanese rubber prices. Tu another exclusion method: replace the pressure stabilizing spring with suitable stiffness or clean the dirt. Another installation method is to vertically set a grating ruler and two horizontal distance measuring rods (commonly known as: large deformation) with small clips on the side of the fixture moving rod. Shujisugata, the main pipe of resandsecurities, said, "basically, the price trend is downward, because people expect more rubber supply in the market." The TOCOM index closed at a low of 256.6 per kilogram in January, down 9.9 yen, or 3.7 percent, from last Friday, the lowest since May 1, and more than 9 percent lower than the high reached on August 2 The price of futures glue fell 1. It is not allowed to use fast forward to load the sample; After breaking the closely watched support level of 260 yen, the market accelerated its decline Traders said the technical side is obviously bearish Traders said that last week's industry data showed that Japan's domestic inventory fell below 10000 tons at the end of July, raising concerns about Japanese rubber supply, but such concerns were not serious
other countries that have touched on a very wide range of disciplines have seen the price of rubber drop to little change The FOB price of cigarette glue No. 3, the target of shipment in Thailand in October, fell slightly to $2.27 per kilogram The tire grade str20 standard rubber changed little, reporting about 2.27. Malaysia tire grade SMR20 also reported about 2.27 Indonesian sir20 fell to about 2.15
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