Crude oil futures gave up earlier gains on Thursday, with downbeat comments from Federal Reserve officials on economic activity and some doubts over producer compliance with the OPEC+ output-cut agreement prompting prices to settle lower.
MUMBAI – Rubber prices, which have fallen 10% over a month, may crash by another 8-10% in the coming three-four weeks as demand is seen flattened due to the extended lockdown on account of COVID-19 pandemic.
In April, the NR consumption forecast for 2020 to 13.016 million tonne which is down 5.1% from the previous year.
The Association of Natural Rubber Producing Countries releases its Natural Rubber Trends & Statistics, April 2020. The foreword of Secretary-General as follow:
SYDNEY (Reuters) - Shares struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors fretted over Sino-U.S. tensions, while oil ended an extended winning streak on oversupply risks amid weak demand.
Jakarta (ANTARA) - Indonesia's Public Works and Public Housing Ministry plans to purchase 10,000 tons of rubber from farmers for use in rubberized asphalt amid the new coronavirus pandemic impacting absorption of the rubber commodity by the market.