Rubber price will increase

6 Sep 2023

Here are some recent information that can increase rubber price tomorrow:

• The ongoing war in Ukraine: The war has disrupted the global rubber market, as Russia and Ukraine are both major producers of rubber. The war has also caused uncertainty in the market, which could lead to volatility in rubber prices.
  
• The weather: Rubber prices can be affected by weather conditions, such as droughts and floods. Droughts can damage rubber trees and reduce production, while floods can damage rubber plantations and disrupt transportation.
  
• The demand for rubber: The demand for rubber is influenced by a number of factors, including the global economy, the automotive industry, and the construction industry. If the demand for rubber increases, prices will likely go up.
  
• The supply of rubber: The supply of rubber is influenced by a number of factors, including the weather, the political stability of rubber-producing countries, and the availability of raw materials. If the supply of rubber decreases, prices will likely go up.
  
• Government policies: Government policies can also affect rubber prices. For example, tariffs on imported rubber can increase prices, while subsidies for rubber production can decrease prices
  

Entry: 224.0 - 223.0
TP1: 238.9
TP2: 249.1
TP3: 255.5
SL: 217.6