Short Supply Drives Up Prices of Synthetic Rubber in...
China News
October 11, 2023
In Shandong Province, eastern China, a chemical factory is operating at maximum capacity to produce synthetic rubber, which is derived from petroleum by-products and widely used in tires, sports shoes, and cables. Despite running at full tilt since the beginning of the year, the factory is struggling to meet the soaring demand for this essential material, leading to a price surge in the Chinese market.