Natural Rubber Heading for US$3.4/kg
The cost of natural rubber price is reportedly heading for a new high of US$3.4/kg, having more than doubled during the last year (1.5/kg to USD 3.4/kg,RSS3 grade). The news that already high prices are still on the up, highlighted in a Deutsche Bank reported published today, is expected to cause two further prices increases from tyremakers this year. It is expected to take “four to six” months for the record high prices to have an effect on the tyre companies’ profit and loss accounts.