What’s Next For Rubber – Bearish Prices On Supply Glut Or Possible Overconsumption

Following on from all the global economic turmoil seen in 2022, amid the recent surge in Covid-cases in China, 2023 is likely to present a fresh set of challenges for the rubber market. Amid the bearish demand cues amplified by the expectation of a slow tire market recovery, rubber prices will likely remain bearish in 2023. As a result, rubber production in some of the major producing countries like Indonesia may take a hit.