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Monday, October 25, 2021

Vietnam natural rubber price to sell below cost

According to reports, affected by the international rubber prices, Vietnam Rubber companies face a lot of pressure to survive, had to sell below cost, resulting in serious losses.

According to the Vietnam Rubber Association, said in May SVR 3L natural rubber price is 646 U.S. dollars / ton, down 24.2%. Some analysts believe that rubber prices, tire manufacturers in Vietnam has created favorable conditions. It is predicted that the demand for tires in Vietnam or will average 5% growth rate.

Translated by Google Translator from http://news.cria.org.cn/5/21387.html

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