NR price pressure to ease as surplus weighs in

Hanover, Germany – A reduction in tapping activity as well as severe wintering season in Thailand will push natural rubber prices up for the next two quarters in 2017 before commodity surplus weighs in on the market again, according to Rubber Forecasts consultant and analyst Hidde Smit.

Speaking during the Tire Technology Expo in Hanover, Germany in February, Smit said tapping ‘intensities’ were going down in NR producing countries, mainly due to lower prices since 2013 – below $2.00 – and heavy floods earlier at the…

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