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Sunday, 27 February 2011

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Rubber Rebounding 32% as Reserve Drop Drives Costs for Michelin

  • Sunday, 27 February 2011
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  • Feb. 28 (Bloomberg) -- Rubber's 15 percent slump in about a week may be the prelude to rallies to a record high, driving up the cost of everything from Michelin tires to surgical gloves. Harvests in Thailand, Indonesia and Malaysia, the biggest growers, will fail to meet demand for a second year in 2011, leaving stockpiles equal to 69 days of demand, the lowest in more than a decade, Goldman



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