Analysts: Natural Rubber Price Dropping
Natural rubber prices have dropped 20 per cent to US$ 2.30/kg (RSS3 grade) during the last 10 days. According to Deutsche Bank analysts this brings the market back to the average price of 2007 and 18 per cent below the average price of 2008 (US$ 2.
8/kg). For large scale companies like Michelin, the price cut is expected to filter through to profits and loss reports in the second quarter of 2009. According to the analysts, every $0.