An elastic growth for synthetic rubber

摘要

The declining price of oil is a windfall for most sectors. For consumers, the price drop improves their purchasing power, to say the least. At the US$30 per barrel mark for the price of crude oil, with expectations of further price declines, it could translate to lower costs for goods, energy and transportation, and narrowed-down inflation, to cite a few basic benefits. The International Monetary Fund says that a mere 10% adjustment in the oil price corresponds to some 0.2% change in global GDP. However, certain industries are dependent on oil, plus the dull sentiments of major oil producers affected by the low oil prices and further exacerbated by weakened demands from China, Japan, Europe, and the US, are all not a big help to the industry.