The Association of Natural Rubber Producing Countries (ANRPC) is happy to release its Natural Rubber Trends & Statistics Jan-Feb 2020.
Expecting a fierce and protracted oil price war, Standard Chartered slashed on Monday its oil price estimates for this year and next, saying WTI Crude prices would average $32 a barrel in 2020.
Prime Minister Hun Sen has signed a sub-decree to completely exempt export tax on rubber that is sold below the market price of $1,400 per tonne, adjusting from the previous $1,000 per tonne market rate.
Stocks in Asia saw steep declines on Monday morning as oil prices plunged amid fears of a price war after OPEC failed to strike a deal with its allies on production cuts, adding to market volatility already brought about by fears surrounding the ongoing coronavirus spread.
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.
BEIJING (Reuters) - Automakers across the world face the possibility of extended supply chain disruptions as factories in China stutter back to life after closures due to the coronavirus outbreak.