Natural Rubber Prices Ease
(Akron/Tire Review) Rubber planters in Asia are tapping trees faster than ever, pushing down prices and helping a recovery in shares of tyre manufacturers Bridgestone Corp., Groupe Michelin and Goodyear Tire & Rubber Co. Rubber prices in Tokyo, the world’s biggest futures market for the material, have fallen 20 per cent since reaching a record on 12 June. Supply has risen after companies such as PT Astra Agro Lestari planted more rubber trees in Indonesia and Malaysia to keep up with Chinese consumption. Now, China is taking steps, such as last week’s interest rate increase, to slow its economy.