Laem Chabang, Thailand: In November xxxx, the Natural Rubber (TSR) market experienced a bearish trend due to weak demand from China, the major importing nation, and resistance from market players against the high prices of the commodity. This combination of reduced demand from the major consumer and price sensitivity led to a downward pressure on the market, reflecting broader economic and supply chain challenges.
In November xxxx, the Natural Rubber market in Thailand witnessed a x.xx decline, with prices settling at USD xxxx/MT (FOB-Laem Chabang). Early in the month, favorable weather conditions in key production areas improved, leading to an increased supply of raw materials from both domestic and foreign sources. This abundance caused a fall in raw material prices. Although heavy rain towards the end of November hampered the rubber-cutting process, the overall supply remained sufficient. Furthermore, the downward trend...
