Rubber prices falling for two consecutive weeks

Reuters  - According to the Ministry of Commerce, near the Chinese New Year holidays, the downstream businesses reduce operating rates, traders reduce procurement, last week (December 19 to 25) domestic rubber prices decreased by 0.2% over the previous week, a slight decline for two consecutive weeks . Among them, the import of 3 # tobacco piece rubber, nitrile rubber, polybutadiene rubber prices fell by 0.2% than the previous week.

Decline in market transactions, product inventory is high, December 23, the Shanghai Futures Exchange, the market volume of 31,609 tons of natural rubber stocks, compared with 7.5% increase in late November.

Translated by Google Translator from http://news.cria.org.cn/4/6369.html