Downward shift for natural rubber prices

London – Hopes of a sustained recovery in natural rubber (NR) prices seem to have been snuffed out by concerns over the Chinese economy.

A downturn in buyer sentiment was evident on the Shanghai Futures Exchange (SHFE) last week, with the most heavily traded rubber future RU1901 in marked decline.

The slide – to Yuan11,990/tonne as of close of trading on 18 Oct – spelled the end of a short-lived price-revival on the SHFE, which peaked at around Yuan12,700/tonne on 10 Oct.

The recent rally in prices for the…

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