bearish
Helixtap Physical Rubber And Futures Price Analysis: Lack Of Buying Interest Causing Rubber Prices To Lose Key Support Levels
1 View18 Aug 2022 14:17
A fall in prices was observed across physical rubber grades prices and SICOM TSR20 prices over July till mid-August this year. Helixtap STR20 prices in mid-August 2022 reached a new daily low in the past year of US$1,550/mt, below the previous support level of US$1,650/mt. Prices last moved under US$1,600/mt in February 2021, about one and a half years ago. Historically, the lowest daily price recorded is US$837/mt at the start of April 2020, straight after the onset of Covid-19. Over July 2022,
What is covered in the Full Insight:
- Introduction to Rubber Market Price Analysis
- Recent Price Trends and Key Support Levels
- Analysis of Physical Rubber Prices
- Impact of Macroeconomic Factors
- Futures Market Analysis and Trading Activity
SUMMARY
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