Last week, rubber prices rose 0.3% month-on-month

According to the Ministry of Commerce’s business forecast, the price of rubber rebounded by 0.3% on a week-to-week basis, ending three consecutive days.

According to the 7-day business forecast of the Chinese Ministry of Commerce, due to the impact of higher prices in the international market and the increase in prices of synthetic rubber quoted by petrochemical companies, last week (August 29 to September 4) rubber prices rose slightly after falling for three weeks, compared with the previous week. (the same below) rose 0.3%. Among them, natural rubber prices rose the highest, imports of 3 # smoke tablets rubber, domestic 1 # standard rubber were up 0.5% and 0.3%.

The Natural Rubber Producing Countries Association estimates that global natural rubber exports in August decreased by 2.6% from July. The drop in supply contributed to the increase in prices in Southeast Asia. Last week, Thailand's No. 3 Yankee Foil price was reported at US$4,825/ton, up 3.5% from the previous week. In addition, petrochemical companies raised the price of synthetic rubber factory. On September 2, CNPC North China Sales Co., Ltd. price of styrene-butadiene rubber was 31,000 yuan per ton, a slight increase of 1.3% from the previous week.