ERJ staff report (BC)
New York – Rubber demand in China may be unchanged in 2013 as consumption by the heavy truck sector slows amid higher tire output for passenger vehicles, according to Hangzhou Zhongce Rubber Co. as reported by Bloomberg News.
Zhongce Chairman Shen Jinrong is quoted as saying that the Chinese tire industry will endure thin profit margins. “We need to further upgrade and continue to focus on the passenger-car tire market,” he added.
China’s tire industry will use 3.25m tonnes of natural rubber this year,…