Chinese warehouse fire sparks NR price rally

London – A fire at a major natural rubber (NR) storage facility has contributed to a rally in NR prices on the Shanghai Futures Exchange and other Asian markets.

Prices have risen by up to 5%, following a blaze at a rubber warehouse in Huajun Logistics Industrial Park in Qingdao, Shandong in the afternoon of 1 Dec (see report).

About a third of the warehouse’s 15,000-square-metre floor area caught fire, said a local government announcement. The flames were extinguished by the next morning and no casualties were reported.

According to Chinese news…

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