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Market Weekly Report | Price increase strategy works, driving tire shipments

Release Time:

Oct 21,2024

In terms of natural rubber, the current raw material level is high. As the weather improves, it will further stimulate the release rhythm of upstream production.

In terms of natural rubber, the current raw material level is high. As the weather improves, it will further stimulate the release rhythm of upstream production. International demand is still bearish after the postponement of the EUDR Act. In the later period, the prices of raw materials at home and abroad are expected to continue to fall. Overseas large factories have postponed the arrival of ships, and the tight spot circulation remains. The expectation of liquidation of natural rubber inventory remains unchanged. There is no better positive driving force on the demand side in the short term, and the natural rubber market may show a volatile and weak trend.

Natural rubber and tires are inseparable. In order to ensure the quality of tires, some companies have begun to increase prices. It is recommended that major wholesalers start ordering tires before the price increase to save costs.

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