Natural rubber prices tumbled abruptly from leading export hubs in June xxxx, but market indicators indicate a turnaround soon as demand picks up and supply becomes tight.
Natural rubber is not essential to the modern economy. Its ability to stretch, its tensile strength, and its biodegradable nature render it the first preference for car tires, conveyor belts, medical gloves, adhesives, and cosmetics and medicine as well. The biofuel sector, similarly, is stepping up its use of derivatives of natural rubber, making it more strategically valuable as businesses globally search for sustainability and reducing their carbon footprints.
In June xxxx, the global market experienced a sharp drop in natural rubber prices. In Thailand, the largest exporter, Natural Latex Rubber (DRC xxx H.A.) FOB Bangkok prices dropped to USD x,xxx per ton from USD x,xxx in May. Vietnam also slid with prices...
