Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the third quarter of 2023, North American  natural rubber prices  exhibited a consistent ebb and flow. Commencing at $1345 per metric ton in July, they gradually descended to $1140 per metric ton in September, marking an average quarterly decrease of 5.77%. This decline was primarily instigated by abundant inventories and a subdued demand outlook from downstream industries, aligning with a broader trend observed in major exporting countries. The intricate dynamics of the global market, including disruptions in the supply chain and regional purchasing trends, significantly influenced this pivotal development. The successful fulfillment of the demand for natural rubber triggered a cascading effect, resulting in reduced demand and subsequent oversupply, thereby exerting downward pressure on prices. The September decrease in natural rubber prices in the USA mirrors the dynamics seen in major exporting countries. On the su...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the North American  natural rubber  market witnessed a consistent decline in prices. Despite the thriving downstream automotive and tire industry, which experienced a remarkable 20% surge in vehicle sales in June, the prices of natural rubber continued their descent. North America predominantly relies on imports, with major exporters like Malaysia and Thailand driving the market. During the first four months of 2023, Thailand's natural rubber exports reached around 1.6 million tons, reflecting a 3.7% increase compared to the same period in the previous year. As reported by the Department of Statistics Malaysia (DoSM), natural rubber production in Malaysia climbed by 6.8% in May 2023, reaching 25 kilotons. According to the Association of Natural Rubber Producing Countries (ANRPC), countries such as Malaysia and Thailand maintained monthly production levels that exceeded their consumption, resulting in...