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Market Oversupply Shows Early Signs Of Easing
16 Views11 Apr 2023 11:06
Physical rubber and rubber futures prices fell by around $500/t in 2022. Helixtap SIR20, Helixtap STR20 and SICOM TSR20 prices fell by $433/t, $503/t and $476/t respectively last year. Such a downward price trend is the steepest price drop since 2018. Market intelligence attributed the drop in prices to a lack of demand in the market. Buying sentiment was sporadic and cautious for the most part of last year with any buying mostly small volume purchases. Many producers were reported to have diffi
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