In need of a bounce | Bangkok Post: business

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In need of a bounce

Weak demand from China already has world rubber prices in the doldrums, and planned fire sale by Thailand won't help.

  • Published: | Viewed: 1,385 | Comments: 0
  • Newspaper section: Asia focus
  • Writer: Katrina Clarke
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Rubber industry insiders are divided on why global prices for natural rubber have slid in recent months, but are confident that demand and prices will pick up, noting that the outlook for China’s car market looks bright. 

Latex is collected from a tree on a plantation in Sungai Buloh outside Kuala Lumpur.

“The price of natural rubber … it’s volatile. It depends on the demand and supply,” said Niraj Thakkar, president of the All India Rubber Industries Association (AIRIA). “So when the demand is down and the supply is there, the price is going to be low.”

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