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September 20th Shanghai rubber morning review

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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Hujiao RU1801 extended its daytime decline, falling sharply to around
15,000.
The spread between Ru1711 and Ru1801 was quickly repaired from around the maximum of 3100 to around
2300.

Shanghai rubber

News: Thailand's agriculture minister said that the International Rubber Union (ITRC) meeting did not decide to restrict exports, but will closely monitor the trend of rubber prices, and measures to restrict exports are still one of the
options.
In addition, the existing member countries, Thailand, Malaysia and Indonesia, have agreed to include Viet Nam in the organization
.

Operation suggestion: As the expectation of reducing exports is disappointed, the forward market may continue to be under pressure
.
However, due to the recent firm price of butadiene, we expect the November and January contract spreads to continue to narrow
.
A small amount can be involved in the carry trade
of buying near and selling.

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