Unpredictable Drifts in Natural Rubber Prices
In a recent development affecting the tyre industry, the operational load of tyre factories has faced a significant decline, clashing with fluctuations in the price of natural rubber. According to the Xinhua Index, the natural rubber price index, checked from January 2 to 8, shows an overall unstable trend,…
As of November 14, 2023, the primary rubber price stood at 14,450 yuan per ton, signaling a continuing upward shift from previous days. This contrasts with the scenario in August when the basic rubber price lingered below 12,000 yuan per ton. Over the past 2-3 months, the natural rubber market has experienced a notable increase,…
Why Tyre Prices Are Increasing?
Many factory reports of tyre price increases, along with the recent price increases in steel cords and carbon black, have eventually led to the question: Are tyre prices going to rise?
The price of raw materials determines the production cost, and the price of tyres is influenced by consumer supply…
