Narrow Margins Are Back, But Will Producers Slow Their Output?

2023 has been a tumultuous year for the rubber market. Early this year, prices surged over 3% -4 % and possibly bottomed out this August, settling between US $ 1200-US $ 1300/mt level. Although we have seen a modest rebound in prices earlier in the year, many producers are operating close to or even below breakeven costs, and still, rubber production and inventory levels are high.