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On February 19 (Friday), major raw rubber manufacturers will increase their ex-factory quotations by 500-700 yuan per ton.
Source:iotachem.com
PostTime:2021-02-22 11:34:29
On February 19 (Friday), major raw rubber manufacturers will increase their ex-factory quotations by 500-700 yuan per ton. The industry said that a small price increase after the holiday is normal market behavior. The silicone industry has entered a downward period since 2018, and the price of raw rubber has gradually declined, and a large number of small and medium-sized companies have lost money and exited. In 2020, the production capacity of the silica gel industry will gradually clear out, and at the same time the overall demand will rebound. In the third quarter of 2020, it will usher in an inflection point. The major silicone companies have turned losses into profits in a single quarter, and the profitability of silica companies in 2020 has reached a new high.
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