NR markets mixed after Chinese holiday

London – Natural rubber markets provided mixed signals in the latest ERJ snapshot of the trade, with Thailand in particular bucking a trend towards declining prices in China and Japan.

On the Shanghai Futures Exchange, prices for RU1805 – the most heavily traded NR future – stood at Yuan13,030/tonne on 28 Feb, 9% lower than the Yuan13,120/tonne close on 31 Jan.

High inventory stock as well as the Chinese New Year in February, which generally impacts demand, were among the contributing factors to the decline.

In Tokyo, meanwhile,…

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