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You are here: Home1 / News2 / Product News3 / Rubber prices hit new high in Indonesia

Rubber prices hit new high in Indonesia

Date: 4th November 2003 Author: Tyrepress Editors Comments: 0

Reduced supply and increased demand – notably from Chinese companies – have pushed Indonesian rubber prices to a record high. Bad weather has restricted the amount of rubber tapped in Indonesia and other producing countries such as Thailand. Tyre grade rubber price is around 66.

75 cents/lb, compared with last December, when the price was at a low of 39 cents/lb. A trader said that most deals tended to be for small quantities and short delivery. There has also been increased demand from Bridgestone and Goodyear.

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  4. Thai Coup Has Unknown Impact on Tyre Business
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Bridgestone, December, Goodyear, Indonesia, prices, rubber, Thailand

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