Laem Chabang, Thailand: In August xxxx, the Natural Rubber (TSR) market experienced bullish sentiment, driven by a combination of supply disruptions and strong demand. Adverse weather conditions in key exporting nations hampered the rubber-tapping process, reducing the availability of Latex, the raw material for Natural Rubber (TSR) production. This supply constraint coincided with rising demand from both domestic and overseas downstream automotive and tire industries, creating an imbalance that fueled upward price pressure. As the supply could not meet the growing needs of downstream sectors, the market witnessed a significant incline in Natural Rubber (TSR) prices, reinforcing bullish sentiment throughout the month.
In August xxxx, the Natural Rubber (TSR) market in Thailand showcased a x.xxx price increase, reaching USD xxxx/MT (FOB-Laem Chabang), driven by tight supply conditions amid widespread rains and floods in major production areas. The adverse weather in Southeast...
