Economic recovery to limit decline in natural rubber prices
Sunday, 30 May 2010
BEIJING, May 29 (Bloomberg): The global economic recovery is likely to limit any decline in prices of natural rubber with the market bottom at about 20,000 yuan a ton, Yao Xingliang, vice general manager at Sinochem International Corp.
"We are generally bearish on the natual rubber outlook later this year after prices had a big jump last year and earlier this year to a record high" and amid government tightening measures and the external situation, said Yao, who spoke at a conference in Shanghai today. "But we also think the downside is limited given the economic recovery.
"We are generally bearish on the natual rubber outlook later this year after prices had a big jump last year and earlier this year to a record high" and amid government tightening measures and the external situation, said Yao, who spoke at a conference in Shanghai today. "But we also think the downside is limited given the economic recovery.