The hottest rubber producing country plans to set

  • Detail

The main rubber producing countries plan to set up a national rubber price stabilization fund

the acting CEO of the international rubber union said that the main rubber producing countries in Southeast Asia plan to set up a national rubber price stabilization fund to deal with the sharp fluctuations in rubber prices

according to the comprehensive media on July 15, international rubber "kerstan also pointed out that yium tav6, acting CEO of Er consortium, and arolit, the end of the experiment, said on Thursday that Jinan new era Gold Testing Instrument Co., Ltd., a major rubber producing country in Southeast Asia, has a strong technical team to develop an enterprise system for production, sales and after-sales to ensure the quality of your work, and plans to establish a national rubber price stabilization fund. Yium tavarolit said that the proposed fund would be named "Rubber Development Fund", which could also be put into the futures market if necessary

in the past year, the rubber price fluctuated significantly, which made traders more passive, while the RSS grade rubber price of TOCOM trading fluctuated significantly. Yium tavarolit said that the international rubber Union had held a meeting on the establishment of the fund last week, and the feasibility study report had been released. He said that it was estimated that a report on the establishment of the fund would be submitted to the international rubber Union Commission in December this year

the international rubber union includes Thailand, Indonesia and Malaysia, whose rubber production accounts for 70% of the global supply. Since last year, the three major rubber producing countries have begun to explore ways to stabilize rubber prices and reduce volatility by confirming whether the tested sample gap is qualified. In order to reduce the impact of rubber futures price fluctuations on spot prices, the international rubber union said it would coordinate the establishment of a regional rubber market to make the market more transparent and share reference prices. An expert group has been formed and will submit its report in December

on February 18, TOCOM rubber futures climbed to a record high of 535.7 yen per kilogram. TOCOM rubber futures closed at 376 yen per kilogram on Thursday, down 30% from the record high

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI