Goodyear: Feedstock costs ‘off the rollercoaster’

Akron, Ohio – Goodyear Tire & Rubber Co. has noted a “recent stabilisation” in its raw material costs following a sharp spike and then rapid retreat in prices over the last six months.

In a 14 June presentation to analysts, the Akron tire maker charted a 35% rise in natural rubber prices* between last December and mid-February – $0.80/lb to 1.05/lb.

This increase in NR spot prices, though, was completely wiped out by the end of March and continued to slump, almost down to $0.60/lb by early…

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