bearish
A New 2022 Low For Rubber Prices, Bear China Annihilates Spot Market
3 Views05 Sep 2022 09:48
As China struggles to shake off the impact of Covid-19 while embroiled in a deepening real-estate downturn and a heat wave, the country’s economic low has shackled the rubber market, taking the spot rubber prices to a new low for 2022. While the producers struggled to find a floor, spot rubber prices dropped below US$1400/mt, with the market once again failing to find support.
What is covered in the Full Insight:
- Introduction
- Current Market Situation
- Factors Affecting Prices
- Producer Responses
- Future Outlook
SUMMARY
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