bearish
Indian Synthetic Rubber Market Improves
3 Views23 Feb 2023 09:48
Bucking the trend prevailing towards the end of last year, synthetic rubber prices are on an upward trajectory in the Indian market. This is largely due to a rebound in demand from OEM auto and tire manufacturers as well as the no-tire non-auto sector in the first two months of this year. External factors like the world’s largest SR consumer China removing its zero Covid-19 policy and dispensing with lockdowns have driven up global demand, equally contributing to the domestic price rise.
What is covered in the Full Insight:
- Introduction
- Factors Driving Price Increases
- Global Demand and Impact
- Production and Consumption Data
- Conclusion
SUMMARY
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