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You are here: Home1 / News2 / Rubber prices reach new low

Rubber prices reach new low

Date: 22nd April 2013 Author: Tyrepress Editors Comments: 0

Back in October 2011, analysts at Deutsche Bank predicted that natural rubber prices would average US$4.50 a kilogramme in 2013. At the moment it looks as if that projection way off – last week, natural rubber prices reached a new low, sinking in excess of eight per cent to $2.50 a kilogramme.

Deutsche Bank research analyst Gaetan Toulemonde notes that the current price is 30 per cent below what tyre companies paid last year ($3.60 a kilogramme) and 15 per cent below what Deutsche Bank modelled in its estimates for this year. Toulemonde opines that these lower prices should provide a “significant tailwind this year”. 

Related news:

  1. Natural Rubber Reaches New Peak Having Doubled in 2010
  2. Analysts: ‘Massive’ Price Increases Needed to Offset NR Costs
  3. Analysts: Natural Rubber Price Dropping
  4. Gajah Tunggal profit grows 35% in first quarter
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Related Tags

2013, analysts, Deutsche Bank, prices, research, rubber, USA

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