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Export Blockages Trigger Chain Reactions, Rubber Prices Retreat from Highs
Currently, overseas production areas have entered a seasonal supply slack period, resulting in a decrease in raw material output, which supports the acquisition prices to remain strong. In the short term, the cost support for rubber prices is quite evident. After the holidays, downstream companies are gradually resuming work, and the overall market trading atmosphere is gradually warming up. The tense situation in the Middle East has raised concerns in the market about the shipment of Chinese rubber tires to the Middle East and the smoothness of Thailand’s rubber exports to the EU, leading to a delay in domestic destocking nodes, putting pressure on rubber prices. (Natural Rubber Network)