Rubber price news
Here are some recent news articles and updates on the rubber price market:
Current Rubber Price Trends:
- Natural Rubber (NR): The International Rubber Study Group (IRSG) reported that the average price of natural rubber in January 2023 was $1.43 per kilogram, a 2.5% increase from December 2022.
- Synthetic Rubber (SR): The price of synthetic rubber, such as styrene-butadiene rubber (SBR), has been relatively stable in recent months, ranging from $1.20 to $1.30 per kilogram.
Recent News and Updates:
- Rubber prices surge on supply concerns: The price of natural rubber has risen sharply in recent weeks due to concerns over supply disruptions in major producing countries such as Thailand and Indonesia. (Source: Reuters, February 2023)
- Indonesia to increase rubber exports: Indonesia, the world's largest natural rubber producer, plans to increase its rubber exports in 2023 to take advantage of strong global demand. (Source: The Jakarta Post, January 2023)
- Rubber demand to grow in 2023: The International Rubber Study Group (IRSG) forecasts that global rubber demand will grow by 2.5% in 2023, driven by increasing demand from the automotive and tire industries. (Source: IRSG, January 2023)
- Thailand's rubber production declines: Thailand's natural rubber production declined by 12.5% in 2022 due to drought and disease affecting rubber plantations. (Source: The Nation, January 2023)
- Rubber prices to remain volatile: The International Energy Agency (IEA) has warned that rubber prices are likely to remain volatile in 2023 due to ongoing supply chain disruptions and fluctuations in global demand. (Source: IEA, January 2023)
Market Analysis:
- Rubber market outlook: The rubber market is expected to remain tight in 2023 due to ongoing supply chain disruptions and strong demand from the automotive and tire industries. (Source: Bloomberg, January 2023)
- Rubber price forecast: The average price of natural rubber is expected to rise to $1.50 per kilogram in 2023, driven by supply concerns and strong demand. (Source: ICIS, January 2023)
Please note that the prices and news articles mentioned above are subject to change and may not reflect the current market situation. It's always a good idea to check with reliable sources for the latest information on rubber prices and market trends.