Compound rubber price surge in Mumbai Market (Business Opportunities - Advertising Service)

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Compound rubber price surge in Mumbai Market


Mumbai, May 21, 2025 — In the Mumbai rubber market, the price of SMR20 grade compound rubber recorded a notable increase of Rs.3 per kilogram today. On Monday, May 20, the price stood at Rs.157/kg, which rose to Rs.160/kg by Tuesday, May 21. This sudden uptick has stirred activity among traders and manufacturers relying on natural rubber. Market experts attribute the price hike to strengthening trends in the international raw rubber market, rising import costs, and a moderate rebound in domestic demand. Transportation and logistics expenses have also contributed to the upward pressure on prices. A Mumbai-based wholesale trader stated that the demand had been gradually picking up over the past few days. “This Rs.3 jump could be an early indication of a potential upward trend, especially if international prices continue to firm up,” he said. Industries such as automotive, footwear, and rubber molding, which heavily depend on SMR20, are now monitoring the situation closely. Leading Producers of SMR20 Rubber International Producers: The primary international producers of SMR20 (Standard Malaysian Rubber) are based in Malaysia, with companies such as Kossan Rubber Industries, Top Glove Corporation, Heng Huat Resources, and Felda Rubber Industries playing major roles. Thailand and Indonesia also produce similar grades like STR 20 and SIR 20, respectively, through companies such as Sri Trang Agro-Industry, Halcyon Agri, and PT Kirana Megatara, Compound rubber Prices in India, Indian Prices Compound rubber, Indian Compound rubber Prices, Indianpetrochem.

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Target State: All States
Target City : delhi
Last Update : 21 May 2025 4:58 PM
Number of Views: 41
Item  Owner  : rubberfiber
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2025-07-30 (0.674 sec)