-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
On Monday, the Tokyo rubber market opened lower and higher against the backdrop of increased risk aversion in financial markets over the weekend, and the far month contract fell as low as 160 yen in early trading, the lowest since
October last year, driven by long stop-loss losses.
It then rebounded to around 172 yen at the close of last weekend, supported by a rebound in the Shanghai rubber market and the re-establishment of the USD/JPY exchange rate at 108 yen
.
It shows a trend
of one retreat and one advance.
In terms of the new coronavirus epidemic, China has basically controlled regions except Hubei, while Asian and European countries such as Italy, Iran, and South Korea are in the outbreak period, and the United States may also have entered the initial stage
of the epidemic in the next 1-2 weeks after confirming a case of community infection.
Late yesterday, central banks around the world, including the Bank of Japan and the Federal Reserve, said they would do everything possible to minimize the negative impact of the epidemic on their economies, similar to a joint statement
by central banks.
Affected by this, the overall confidence of the financial market eased, and Tokyo rubber prices recovered all daily losses and closed after the exchange rate of the Tokyo Stock Market and the US dollar against the Japanese yen
.
In terms of spot, the February FOB price of No.
3 cigarette tablets on March 2 was around 52.
93 baht, down 0.
74 baht
from the previous session.
The price of the 20-month FOB was around 42.
9 baht, down 2.
77 baht
from the previous session.
The USS spot price was around 41.
86 baht, down 0.
74 baht
from the previous session.
On the technical side, the RSS far month contract yesterday came out of a rebound after a sharp dip, which on the one hand made speculative liquidation since early February, and on the other hand confirmed the support
near the 170 yen line.
From the current conversion line and the baseline line at 175 yen, the far month price may move sideways in the 172-178 yen range in the short term, and the market may enter a period of rest after large fluctuations
.
In terms of trading operations, you can choose to temporarily leave the market and wait for a new round of market to appear
.
