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

The Natural Rubber Price Trend illustrates the fluctuation in prices of this versatile elastomer, derived from the milky latex sap of the rubber tree, Hevea brasiliensis. Comprising repeating isoprene units, natural rubber boasts remarkable elasticity and resilience, reflected in the Natural Rubber Price Index. Its widespread use across industries is underscored by its exceptional mechanical properties, evident in the Natural Rubber Price Chart, which showcases its flexibility, tear resistance, and durability. Following harvesting, the latex undergoes processing to eliminate impurities before being cured into solid rubber sheets or fashioned into various products like tires, gloves, footwear, and industrial goods. The Natural Rubber Price Graph delineates the trajectory of prices, influenced by factors such as supply, demand, and market dynamics. Its renewable origin and unique properties position natural rubber as a valuable and sustainable material for a myriad of applications, reflected in the enduring appeal of Natural Rubber Prices.

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 chart, 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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