You are here

Slump in rubber prices likely over: Michelin

Wednesday, March 25, 2015 - 05:50

BT_20150325_DNRUBBER25_1579470.jpg
Global demand for tyres seen rising 2-5 per cent in the next five years; tyres account for 70 per cent of natural rubber demand

Bangkok

THE slump in global natural rubber prices is probably over because producers are finding it harder to cover their costs and will cut output, according to Michelin & Cie, Europe's largest tyremaker.

Rates have reached a floor of about US$1.50 a kilogram, Luc Minguet,

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom