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Natural Rubber Prices Surge

(Clacton, U.K./Tyres & Accessories) Analysts are expecting tyre manufacturers’ raw material prices to increase by 10% in 2006 following a 15% increase in 2005.

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The Deutsche Bank representatives also reported that the 2005 prices increases are “likely…to be more or less fully offset by selling price increases.”

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Over the last one and a half months, natural rubber increased by 10% to reach $1.75/kilogram, close to the recent high of $1.84/kilogram reached last summer. Overall in 2005, natural rubber price increased by 50%. According to Deutsche Bank, this equates to additional costs of 72 cents per passenger tyre (+2%) and $14.40 per truck tyre (+7%).

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