Last week (February 18 to 24), rubber prices rose by 1.2% month-on-month, an increase of 0.9 percentage points over the previous week. Natural rubber prices rose by 2.3%, and synthetic rubber prices were basically stable. According to China Rubber Information Trade Network, the operating rate of all-steel and semi-steel tires last week increased by 12.4 and 8.4 percentage points respectively compared with the end of January. Under the support of downstream demand, it is expected that there will still be some room for growth in rubber prices in the later period.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/47815.html