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Article: Natural rubber price maintained at a high level.(international markets)
- Article from:
- China Chemical Reporter
- Article date:
- March 6, 2006
- Author:
CopyrightCOPYRIGHT 2006 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The drastic increase of oil price in the international market in 2005 has aroused general concern. The supply shortage of natural rubber as a strategical material in China has also been aggravated. The price of natural rubber has been kept at a high level since August 2005. According to the projection made by many experts, the price of natural rubber will continue to maintain at a high level in the next few years and this phenomenon will sustain in the near future.
1. The total demand in the international market is making a steady increase
According to the statistical data from IRSG, the consumption growth of natural rubber in the world was equal to its ...