Although international rubber futures prices have risen by 16% this year, in the eyes of market participants, it is still quite far away for rubber to really break away from the bear market.
From March 2009 to February 2011, rubber prices experienced a surge, with a period of 240%. In the two-year price rise period, producer countries are also expanding their planting area madly, and now with these rubber trees entering the rubber cutting cycle from the growth cycle, oversupply has become a problem that is difficult to eliminate in the short term. Although rubber prices have risen this year, the decline is still as high as 70% from the 2011 high.
Rubber additive price soon will up because of raw material price increase