Compound Rubber Price Rises in Delhi (Business Opportunities - Advertising Service)
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Item ID 3177692 in Category: Business Opportunities - Advertising Service
Compound Rubber Price Rises in Delhi | |
In Delhi’s wholesale market, the price of compound rubber grade SVR 3L saw a sharp increase on May 27. The price, which stood at Rs.157 per kilogram on May 26, climbed to Rs.160 per kilogram the following day. According to market sources, the Rs.3 hike is mainly due to increased demand and tightening supply. Traders note that there has been a recent surge in demand from sectors such as automotive manufacturing and infrastructure, both of which rely heavily on rubber-based components. Supply, however, has not grown at the same pace, leading to upward pressure on prices. SVR 3L is a high-quality rubber grade primarily produced in Vietnam, with major international suppliers including Vietnam Rubber Group (VRG) and Phuoc Hoa Rubber, both of which have a significant footprint in the Indian import market. On the Indian side, while SVR 3L is not manufactured domestically in large volumes due to its Vietnamese classification, several domestic compounders and rubber processors source and blend SVR 3L for specific industrial applications. Companies like GRP Ltd, Ralson India Ltd, and Indag Rubber are known players in the rubber compounding sector. The recent price movement has caught the attention of traders, with many speculating whether this upward trend will continue. Some expect further price hikes in the short term, while others believe the fluctuation is temporary and may stabilize once global shipments normalize. Industry analysts suggest that international rubber trends, including those from Southeast Asia — particularly Vietnam, Thailand, and Indonesia — along with India’s import dynamics and the approaching monsoon season, will play a key role in determining the direction of SVR 3L prices in the weeks ahead, Compound Rubber Prices in India, Indian Compound Rubber Prices, Indian Prices Compound Rubber, Indianpetrochem. #CompoundRubberpricesinIndia #IndianCompoundRubberprices #IndianpricesCompoundRubber #Indianpetrochem | |
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| Target State: All States Target City : delhi Last Update : 28 May 2025 12:08 AM Number of Views: 67 | Item Owner : rubberfiber Contact Email: Contact Phone: (None) |
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2025-06-16 (0.385 sec)