News

Since the beginning of this year, the natural rubber index of the Shanghai Futures Exchange has increased by over 38%, closing at 19,630 points on September 30, marking a new five-year high for the natural rubber index. Alongside the futures prices hitting new highs, spot prices of natural rubber have also reached a five-year peak. According to iFinD data, the domestic spot price of natural rubber was 17,942 yuan per tonne on September 30, a new five-year high.

Beijing, September 18, 2024 — The General Administration of Customs of China today released the latest export figures for rubber tires in August 2024, revealing a positive trend with both year-on-year and month-on-month increases in exports.

Recent market analysis has revealed a substantial surge in the spot prices of natural rubber in China over the past week, indicating a robust trend that is likely to impact the tire industry. As of September 18, domestic natural rubber prices hovered around RMB 16,237 per ton, marking a notable increase of 6.60% compared to the previous week.

Shanghai, September 19 – The 22nd China International Rubber Technology Exhibition (CIRTE) opened its doors today at the Shanghai New International Expo Centre, showcasing the latest advancements and innovations in the rubber industry. With over 800 exhibitors gathered under one roof, occupying nearly 60,000 square meters of exhibition space, this year's event has solidified its position as a leading international trade show in the industry.