In September, the cost of 2024 rubber imports fell as the main exporter, Japan, increased market share and sales by offering more attractive deals to consumers, china's chloroether rubber market prices fell. The appreciation of the renminbi against the dollar has made the prices of imported goods more competitive, putting further pressure on domestic producers.
The downward trend has been affected by intense competition among global market participants, limiting the scope for significant price increases for chloro-ether rubber. Extra subsidies to encourage consumers to switch to cleaner, more fuel-efficient cars have undoubtedly boosted demand. This will increase the demand for chloroether rubber, however, the market stock saturation limits its positive impact. In addition, weather factors that previously restricted the supply of chloroether rubber improved, easing supply pressures in the transport sector and contributing to lower prices. The end of the shipping season reduced the demand for sea containers, leading to lower freight rates and further reducing the cost of importing chloroether rubber. The 2024 is expected to rebound in October, with Chinese stimulus policies to improve the trade climate likely to boost consumer demand and potentially increase new orders for the rubber next month.
Post time: Oct-16-2024