During H1 2023, the natural rubber market in Asia, Europe, and North America experienced mixed price trends. In Asia, spot prices declined in the Chinese domestic market due to increased supplies as manufacturing and industrial activities resumed post-lockdown. In Europe, prices mostly declined, influenced by stable demands and high inventories. North America followed a similar pattern, with prices on a downward trend due to growing inventories and reduced market momentum. Overall, the natural rubber market showed fluctuations in prices during the first half of 2023.
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Definition
Natural rubber is a versatile and vital elastomer derived from the milky latex sap of the rubber tree, Hevea brasiliensis. It is a polymer consisting of repeating isoprene units, making it highly elastic and resilient. Widely used in various industries, natural rubber exhibits excellent mechanical properties, including flexibility, tear resistance, and durability. After harvesting from rubber trees, the latex is processed to remove impurities and then cured to form solid rubber sheets or further processed into various products like tires, gloves, footwear, and industrial goods. Its unique properties and renewable origin make it a valuable and sustainable material for a wide range of applications.
Key Details About the Natural Rubber Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Natural Rubber in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Natural Rubber Price Trend, including India Natural Rubber price, USA Natural Rubber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Natural Rubber Price Trend:
Natural rubber has key industrial uses in tire manufacturing, owing to its elasticity and durability for vehicles. It is also vital in producing various rubber products like conveyor belts, hoses, seals, and gaskets due to its flexibility and abrasion resistance. Moreover, its hypoallergenic properties make it valuable in the production of latex products, including gloves, and medical devices.
Key Players:
- Sri Trang Agro-Industry Plc
- Thai Hua Rubber Company Limited
- Halcyon Agri.
- Von Bundit Co., Ltd.
- Southland Rubber Group
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