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FLASH Suez Canal Surcharge Hike A Blow For Asian Rubber
3 Views01 Apr 2022 16:54
A hike in the Suez Canal surcharge from May 01, 2022, announced by the Suez Canal Authority, came as a blow to the rubber industry. The announcement added another layer of complexity as the cost of moving goods including rubber which relies on container ships would see a jump further weighing on the demand which is under duress due to China’s COVID-19 lockdown and tire manufacturers' closure of Eastern Europe factories and a disrupted supply chain.
What is covered in the Full Insight:
- Introduction
- Suez Canal Surcharge Hike
- Impact on Rubber Industry
- Regional Pricing Differences
- Conclusion
SUMMARY
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