Industry News

February 18, 2020 2020
Natural rubber prices is not stable

Southern Thailand is approaching the mid-february cut-off period, the current gum leaves fall seriously, the weather conditions partial drought may affect tapping. At present, the tire factory gradually return to work, for transportation and personnel shortages, which impact the ratio of return of work. For now, the main use of rubber inventory, stock purchase is not strong.

The port backlog of goods more, the future storage volume is expected to increase rapidly. In terms of price, synthetic rubber is currently in 10300-10400 ton/yuan, mixed rubber 10900-11000 ton/yuan, synthetic rubber substitutes still exist. Overall, the current low absolute price of natural rubber, gradually ease the epidemic, rubber demand is expected to have a rapid rebound, to strengthen the price support, there is an opportunity for medium-term rise.

Seashore rubber As closed cell sponge rubber extrusion manufacturer ia glad to provide natural and synthetic rubber imformation.

The data from  http://futures.eastmoney.com


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