bearish
Physical Rubber Sees Double Digit Price Increase But Remains Below Yearly Highs
7 Views25 Sep 2023 09:43
A month ago in mid-August 2023, most physical grades were observed to be at or close to their lowest daily price since the year began. Price assessments in the physical rubber market then registered an increase ranging from US$120/mt to US$200/mt across different grades. With the exception of SIR20, the remaining grades recorded a double digit price increase. A major driving force behind the switch to a bullish price trend was the announcement of several measures to boost investment in the Chine
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