The supply of raw materials in the production area is expected to grow, and the price of rubber has fallen

The first is that the volume of trading volume during the evening trading hours is relatively large, and there are more
short pending orders on the far month contract.
Most of the short trades in this trading period are related to spot hedging of rubber mills, which may indicate the beginning
of rubber mills' centralized procurement of rubber raw materials.
On the other hand, spot prices have begun to loosen recently, resulting in a long-lost flat water spread
between front-month contracts in the futures market.
Combined with the sharp decline in the Shanghai market before the close of late trading, whether the rubber market will have a reversal in the medium-term trend will be the key to the market change
after the June contract in Tokyo next week.

In terms of spot, the June FOB price of No.
3 cigarette tablets on June 21 was around 63.
36 baht, up 0.
43 baht
from the previous session.
The price of the June FOB of No.
20 standard rubber was around 51.
14 baht, up 0.
55 baht
from the previous session.
The USS spot price was around 57 baht, unchanged
from the previous session.

On the technical side, the RSS far month contract price has once again returned
to the medium-term benchmark (198.
25 yen).
Although there are still more support points below the price, because the positions are now mainly concentrated in the far month contract, and once the speculative long position on the near month contract is closed, then the rubber market will have a large correction
in the short term.
Moreover, in the medium to long term, the two highs around 210 yen in March and June this year are likely to form a double-high pattern, then the bottleneck line around 184 yen will be the target of the
early correction.

At the close of trading in Tokyo on June 21, the spread between the 1911 contract and the Shanghai 1909 contract (Tokyo-Shanghai) was $154/mt
.