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Rubber price recedes, advantage tyres

Rubber price recedes, advantage tyres

Friday, March 24, 2017, 11:32 AM

After a series of sharp falls, global rubber prices are down about 25% since February. Going forward, analysts are fairly certain that prices will not pick up soon as there is a huge inventory pile-up in rubber producing countries. Also, there is excess supply pouring into global markets as rubber tapping nations like Thailand are releasing inventory held to support farmers.
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