• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Premium Report
  • Features
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Aftermarket 2020
    • Tyre Recycling 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Rubber prices remain stable, Thai floods make little impact

Rubber prices remain stable, Thai floods make little impact

Date: 7th October 2011 Author: Admin Comments: 0

Recent flooding in Thailand has had less impact on natural rubber prices than may have been inspective. Deutsche Bank research shows that the impact on rubber supply has been “quite muted” and flooding around key plantations is not severe. As a result the spot price for natural rubber has reportedly continued its declining trend, hovering around US$4/kilo – a level last seen in March 2011.

At the same time China (the world’s largest rubber consumer) is reportedly building up its natural rubber stockpiles in order to take advantage of falling prices, and at the same time car sales in China have eased, calming demand. According to Deutsche Bank, this should help keep rubber prices well under control for the next few months at least: “Our commodities team project rubber prices to average at US$5/kilo in 2011, US$5.1/kilo in 2012 (revised downwards from the forecast [in August] of US$5.3/kilo) and US$4.5/kilo in 2013. The year-to-date average is US$4.9/kg.”

Looking forward to 2013, the market analysts reported, in an investor’s note dated 7 October, that they expect “significantly higher rubber production coming from Thailand in 2013”, which is also likely to have a calming affect on natural rubber prices.

Related news:

  • US economic data lifts Asian rubber prices

  • Analysts: Natural rubber prices to average $5.10/kg in 2012

  • Tyre makers tipped to reap benefit of price rises, lower rubber costs in 2012

Related news:

  1. Japan earthquake exacerbates rubber price decline
  2. Natural Rubber Prices Continue Climbing
  3. Natural Rubber Reaches New Peak Having Doubled in 2010
  4. Analysts: Natural rubber prices to average $5.10/kg in 2012
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Per E-Mail teilen

Related Tags

analysts, China, prices, raw materials, research, rubber, Thailand

Advert Location 28

Top five articles this week

Advert Location 10

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Pirelli to work with Italian govt. on road safety campaigns Price rise for Yokohama’s US consumer tyres
Scroll to top