bullish
Rubber Market Outlook For 2024 Cautiously Optimistic, Pressure On Production, Thin Margins Persist
3 Views19 Jan 2024 16:37
Following a sustained downfall in 2023 in the rubber market, the market participants are in a cautiously optimistic frame, following the continued production disruption in 2024.
In January 2024, the World Meteorological Organization (WMO) confirmed 2023 as the warmest year on record. In the middle of the year, the climate was said to shift from La Niña to El Niño. This phenomenon with hotter and drier weather conditions is implied to persist up till April 2024. Such conditions could have
What is covered in the Full Insight:
- Introduction
- Climate Impact on Production
- 2023 Production Analysis
- Price Trends and Market Volatility
- Gross Margins and Economic Pressures
SUMMARY
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