Natural Rubber Price in USA
- United States: 1765 USD/MT
At the close of December 2023, the settled prices for Natural Rubber (DRC 60% H.A.) CFR Houston in the USA stood at USD 1765 per metric ton, marking an average quarterly rise of 0.88%.
The latest report by IMARC Group, titled "Natural Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Natural Rubber Prices. This report delves into the price of Natural Rubber globally, presenting a detailed analysis, along with an informative Natural Rubber Price Chart. Through comprehensive Natural Rubber price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Natural Rubber demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Natural Rubber Prices December 2023:
- United States: 1765 USD/MT
- China: 1325 USD/MT
- Netherlands: 1165 USD/MT
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The study delves into the factors affecting natural rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/natural-rubber-pricing-report/requestsample
Natural Rubber Price Trend- Q4 2023
The natural rubber market experienced robust growth in the final quarter of 2023, with a notable uplift in prices driven largely by the surging demand from the Asian markets. This uptick is a direct result of increased activity from downstream sectors, especially in anticipation of the winter season, leading to a spike in domestic inquiries and subsequent price adjustments. The North American market, for instance, showcased an impressive average quarterly increase in prices, marked by a notable uptick in the settled prices of Natural Latex Rubber. The market's resilience is further bolstered by businesses ramping up their inventories, driven by the urgent need to replenish stocks amidst a landscape of rising input costs, including energy and raw materials.
Natural Rubber Industry Analysis
In North America, despite the initial surge in prices driven by increased Asian market demand and subsequent downstream price adjustments, the scenario was complexified by global logistical challenges in the last quarter of 2023. Port congestion, container shortages, and geopolitical tensions exacerbated transportation costs and lead times, directly impacting the seamless flow of natural rubber from production centers to markets. Moreover, disruptions in crucial maritime routes like the Red Sea and the Suez Canal have inflated shipping costs, posing significant challenges to the global supply chain. This situation was further compounded by the strategic adjustments in shipping lines due to attacks near the Suez Canal and congestion in the Panama Canal, leading to a precarious balance between supply chain efficiency and escalating costs.
On the other hand, the APAC region witnessed similar complexity but was predominantly driven by robust demand, especially from the tire manufacturing sector, and supply-side constraints due to environmental factors affecting production. The depreciation of local currencies against the dollar added another layer of complexity, making imports more expensive and pushing prices upwards. Despite these challenges, the demand remained strong, supported by economic growth and heightened consumer spending. However, towards the end of the quarter, a slight dip in prices was observed due to destocking efforts aimed at clearing year-end inventories. Similarly, in Europe, the market prices were initially on an uptrend due to sustained demand and inflationary pressures. Yet, logistical hurdles continued to plague the market, impacting the smooth transportation of rubber and indirectly influencing market prices.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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