Rubber Glut Extends Bear Market

Rubber Jun 19, 2012 No Comments

TireRubber shortages are about to turn into a flood as China, the biggest consumer, grows at the slowest pace in three years, driving prices paid by Bridgestone Corp. and other tiremakers to the lowest since 2009.

Rubber fell 5.1 percent to 250 yen a kilogram on the Tokyo Commodity Exchange this year, 53 percent below the record 535.7 yen reached in February 2011. The Standard & Poor’s GSCI Index of 24 raw materials lost 9.9 percent since the start of January and the MSCI All-Country World Index of equities gained 2.6 percent. Treasuries returned 2 percent, a Bank of America Corp. index shows.

via Rubber Glut Extends Bear Market Cutting Bridgestone Costs – Bloomberg.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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