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Optimistic SR projections lead to saturated market

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Akron, Ohio – The global synthetic rubber market is one where overly optimistic expectations have put the sector in a difficult position.

When things were good, producers put in too much capacity—particularly in China and elsewhere in the Asia-Pacific region. But when growth rates didn’t meet these forecasts, that left the SR industry overall looking at operating rates that are below 70%, with many firms struggling to be profitable, according to Bill Hyde, senior director of…

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