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Friday, May 20, 2022

Rubber Prices Hit New Low

Back in October 2011, analysts at Deutsche Bank predicted that natural rubber prices would average $4.50 a kilogram in 2013. At the moment, it looks as if that projection was way off – last week, natural rubber prices reached a new low, sinking in excess of 8% to $2.50 a kilogram.

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

Source: tirereview.com

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