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Thursday, February 24, 2011

natural rubber price forecast 2011 to 2015

natural rubber price forecast 2011 to 2015 ; Rubber has soared about 20 percent on the Tokyo Commodity Exchange this year as the wetter-than-normal weather lowered output, tightening supply at a time when stockpiles in China, the largest buyer, have dropped 71 percent from the year?s high.

Futures in Shanghai surged as much as 3.5 percent to 33,190 yuan ($4,975) a metric ton today, nearing the record of 33,320 yuan reached on Oct. 26.

Natural Rubber Price Increases Global Butadiene Demand
In Malaysia, the rubber market has been climbing to its highest level since 1972. Natural SMR20 (Standard Malaysian Rubber), prices were at $5.17/kg on Friday against $4.97/kg on Jan 4, due to the rainy season affecting production.Read More...

Michelin sees rising sales, profit in 2011
French tire maker Michelin (MICP.PA) sees sales volume and profit rising again in 2011 after sharp improvements in 2010, as it hikes prices to offset rising raw material costs. Read More...

Natural Rubber Supply And Demand Forecast And Price Outlook
The Rubber Economist Ltd. expects that the trough of total world rubber consumption may not hit bottom until the end of 2009. This means the decline this year, which is forecast at -9.6 percent, will be even worse than last year and the worst since 1942. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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