Reported 7 months ago
The chemical industry chain has rebounded from a slump in 2023, showing strong performance in May with double-digit revenue growth in the rubber sector, driven by factors such as the continuous strong demand for electric car tires and the recovery of Southeast Asian glove demand. The outlook for the second half of the year is expected to be even more robust. Leading companies like Nan Kang Tire (2101), Taiwan Rubber (2103), and International CBM (2104) have all reported significant revenue increases in May, indicating a positive trend for the industry. The article also highlights the positive prospects for latex gloves and rubber supply in Southeast Asia for the remainder of 2024.
Source: YAHOO