During the Spring Festival holiday, new rubber and RSS3 futures prices showed a trend of falling first and then rising; the continuous increase in Thai raw material prices provided strong support on the cost side; combined with the U.S. government’s ruling that Trump’s tariffs were illegal, boosting the overseas natural rubber market prices. Supported by fundamentals, short-term natural rubber may fluctuate within a range with a slight upward bias; changes in macroeconomic sentiment could increase the volatility of rubber prices. (Zhuochuang Information)
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卓创资讯: Natural rubber overseas market prices rise during the Spring Festival period
During the Spring Festival holiday, new rubber and RSS3 futures prices showed a trend of falling first and then rising; the continuous increase in Thai raw material prices provided strong support on the cost side; combined with the U.S. government’s ruling that Trump’s tariffs were illegal, boosting the overseas natural rubber market prices. Supported by fundamentals, short-term natural rubber may fluctuate within a range with a slight upward bias; changes in macroeconomic sentiment could increase the volatility of rubber prices. (Zhuochuang Information)