Rubber price rises for limited supply

Ministry of Industry and Trade’s Trade Information Centre reported that the rubber price has continuously increased from $1,470 per tonne in last June to $2,190 per tonne in December 2009 and averaged at $2,600 per tonne during the first quarter of this year.

Particularly, the FOB price of rubber SVR 3L soared from $1,590 per tonne in mid of 2009 to $3,146 per tonne in the mid of March 2010.

The increased rubber prices came from the output cuts of three biggest rubber exporters-Thailand, Indonesia and Malaysia while the demand of China, Malaysia and India for natural rubber was increasing sharply.

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Posted by VBN on May 28 2010. Filed under Rubber & Plastic. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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