Rubber Inventory Climbing in China as Slowdown Cuts Demand

Rubber Inventory Climbing in China as Slowdown Cuts Demand

Ariana Lindquist/Bloomberg

Futures have plunged 50 percent from a record in February 2011, cutting costs for tire makers such as Bridgestone Corp., Goodyear Tire & Rubber Co. and Michelin & Cie. Prices slumped as China, the biggest car market, expanded last quarter at its slowest pace in almost three years and Europe struggled to contain its debt crisis.