According to the prediction of the Association of Natural Rubber Manufacturing Countries, the price of natural rubber is about to usher in a wave of price increases.
China's rubber manufacturers, including tires manufacturers, have a shortage of raw materials, which is the main reason for price increases.
According to the analysis, affected by freight prices, Chinese manufacturers are currently more inclined to purchase natural rubber from China.
July – November is the peak period of domestic rubber product production, and the monthly natural rubber consumption is expected to be 500,000 tons.
The association predicts that China's domestic production can only meet 115,000 tons of it per month.
At this rate, the total gap of natural rubber from August to November is about 1.54 million tons.
In addition, the winter production level of China's natural rubber is low, and it is difficult to supply it in the future.
According to this association, China needs to import about 2.4 million tons of natural rubber to make up for the shortfall.
For Asian natural rubber market next, prices are expected to rise in the next few months.
In addition, strong demand from the United States, the European Union, the United Kingdom and India also supports the upward trend of rubber prices.
It is expected that between the second half of August and September this year, the price of natural rubber will rise sharply.
