The Ministry of Commerce stated on March 2, 2011 that due to the decline in natural rubber quotation in Southeast Asia and the reduction in purchases by the tire industry, the domestic rubber market price fell by 1.4% from the previous week from February 21 to 27.
According to the Ministry of Commerce, due to the lower operating rate of downstream tire companies, production is mainly based on consumption of inventory, and it is expected that domestic rubber prices will continue to decline in the later period.
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