International natural rubber prices boost domestic rubber prices rose for three weeks
According to the latest notice released by the Ministry of Commerce, domestic rubber prices rose by 0.8% last week, rising for three consecutive weeks and now totaling 3.2%. It is understood that the reason why rubber can end a long-term downtrend and even rise for three weeks is mainly driven by the rise in international natural rubber prices. In addition, the prices of butadiene rubber, styrene-butadiene rubber, and nitrile rubber rose 1.6%, 0.8%, and 0.6% respectively over the previous week.
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