At the opening of the day on Tuesday, the main rubber contract continued to maintain a narrow range around 13500**, the recent fundamental changes tended to be stable, and the seasonal production reduction arrived, but the downstream terminal was not optimistic, and the news changes began to change to the focus of attention.
Domestic production areas, Yunnan and Hainan production areas in mid-November to mid-December ushered in the cutting season, the output of whole latex rubber fell sharply, overseas is still in the peak season of rubber tapping, standard rubber production is still high. The pullback in gasoline cracking spreads triggered a rebound in butadiene production. On the demand side, domestic rubber tire production and exports declined month-on-month.
According to the recent news of the Federal Reserve, the latest price of the US dollar index was reported at 10248, with an opening price of 10255。The agency said that the Fed signaled that it would cut interest rates more quickly in a "non-recessionary" manner, which led to an adjustment in the exchange rate**. The U.S. dollar index was up 1 last week2% and hit a four-month low after the Fed left rates unchanged and expected a 75 basis point cut in 2024. The domestic rubber disk is expected to remain stable in the near future, and it is recommended to wait and see at this time. (Text: Natural Rubber Mesh).
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