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Chip shortage, China tech crackdown to impact NR futures

Print Kuala Lumpur – Natural rubber (NR) futures market, particularly the Shanghai Futures Exchange, is likely to be impacted in the short-term by concerns over China’s tightening regulatory grip on technology firms, according to the Association of Natural Rubber Producing Countries (ANRPC). China’s stock market has been in turmoil with heavy sell-off, exodus of funds and devaluation of yuan as a result of the Chinese government s regulatory crackdown on the tech sector, said ANRPC in its latest bi-weekly market intelligence report.  While a 29 July intervention by the Chinese central bank has eased concerns among speculative investors, the current less active speculative sentiment in the futures market could weight on NR prices in short term, the 2 Aug reported noted.

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