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On September 18, 2024, the General Administration of Customs released tire export data for August 2024. China's tire exports saw growth both month-on-month and year-on-year in August.
Since the beginning of this year, the natural rubber index of the Shanghai Futures Exchange has increased by over 38%, closing at 19,630 points on September 30, marking a new five-year high for the natural rubber index. Alongside the futures prices hitting new highs, spot prices of natural rubber have also reached a five-year peak. According to iFinD data, the domestic spot price of natural rubber was 17,942 yuan per tonne on September 30, a new five-year high.
Beijing, September 18, 2024 — The General Administration of Customs of China today released the latest export figures for rubber tires in August 2024, revealing a positive trend with both year-on-year and month-on-month increases in exports.
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