Business Forecast: Southeast Asia's natural rubber production areas have entered the off-season of rubber production, and the market supply has decreased, driving the price of natural rubber to rise significantly.
Last week (February 20-26) domestic rubber prices rose 1.6% from the previous week (the same below). Among them, the prices of imported No. 3 smoke tablets and domestic No. 1 standard rubbers rose by 3% and 2.8% respectively.
At the same time, the price of crude oil continued to rise, raw material costs rose, and the price of synthetic rubber rose slightly. The prices of styrene butadiene rubber, nitrile rubber and butadiene rubber both rose by 0.5%. On February 22, the spot price of Brent crude oil in the North Sea in the United Kingdom was US$124.62/barrel, up 10.7% from the beginning of February.
Last week (February 20-26) domestic rubber prices rose 1.6% from the previous week (the same below). Among them, the prices of imported No. 3 smoke tablets and domestic No. 1 standard rubbers rose by 3% and 2.8% respectively.
At the same time, the price of crude oil continued to rise, raw material costs rose, and the price of synthetic rubber rose slightly. The prices of styrene butadiene rubber, nitrile rubber and butadiene rubber both rose by 0.5%. On February 22, the spot price of Brent crude oil in the North Sea in the United Kingdom was US$124.62/barrel, up 10.7% from the beginning of February.
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