NATURAL RUBBER PRICED BY OIL. “Close to 21 million tons of rubber were produced in 2005, of which approximately 42% was natural. Since the bulk of the rubber produced is of the synthetic variety, which is derived from petroleum, the price of natural rubber is determined, to a large extent, by the prevailing global price of crude oil.””
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http://lnkd.in/dvdJA9y
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022