Rubber prices continue to decline, crude oil fluctuates around the short-term bottom range.

A cautious mood enveloped the global commodities market during the trading session on October 7. Domestic and international investors temporarily "held their positions" as they weighed the risks of oversupply against the prospects of a slow recovery in demand. Rubber prices continued to decline due to abundant supply, while crude oil fluctuated around the short-term low after OPEC+ decided to increase production. The MXV-Index fell slightly by 0.1% to 2,281 points, reflecting a period of calm before the market established a new trend. Closing the trading session yesterday, the industrial commodities market was deep in the red; specifically, rubber prices continued to be pressured by the prospect of abundant supply while consumption demand showed signs of stagnation. Specifically, the TSR20 rubber price recorded a decrease of more than 0.5% to 1,704 USD/ton while the RSS3 rubber price continued to remain low, around the threshold of 1,983 USD/ton. According to the latest report ...