NR markets weak amid high stock levels, uncertainty

Kuala Lumpur – The broad sentiment in the natural rubber market remained muted in the month of August due to a number of factors, including high levels of inventory in China.

In its monthly update issued 25 Sept, the Association of Natural Rubber Producing Countries (ANRPC) said stocks were high at the designated warehouse of the Shanghai Rubber Futures Exchange and the warehouses in Qingdao Free Trade Zone.

Additionally, the seasonal factor is favouring supply and contributing to weak NR prices.

External factors, such as mounting US-China trade…

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