The rubber market is presently facing an uncertain outlook, shaped by the continuing tensions between the US and China. The ambiguity in trade relations has led to measured market fluctuations, with industry participants meticulously monitoring developments that may influence demand patterns. China, facing a reduction in domestic demand, is likely to postpone significant stimulus measures until later in the year. Market participants are currently analyzing the upcoming National People’s Congress
Highlights
• Chinese buying concentrated on warehouse cargoes
• Arbitrage narrows for international cargoes on wintering
• Gradual return of the tire makers expected