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LAUNCESTON, Australia: Pop quiz. Of the major commodities where China is the world's biggest buyer, which has seen the largest increase in imports so far this year? The answer is rubber, both natural and synthetic.
Despite strong Chinese demand, rubber prices are likely to struggle, with demand-led gains an extremely slow process, until the major producers can convince the market that they are serious about lowering output.
BANGKOK (Xinhua): The Rubber Authority of Thailand on Tuesday (April 21) said that the Covid-19 pandemic has given Thai rubber exports a major boost from higher global demand for rubber gloves in the medical industry.
Latex gloves are now everywhere, including homes and restaurants.
PETALING JAYA: Top world rubber producers at the current International Tripartite Rubber Council (ITRC) meeting in Bandung, Indonesia, will need to reach full agreement on the “alert, trigger and defence” pricing mechanism to ensure natural rubber stays stable and curb the current downtrend in prices.