Rubber Poised for Third Surplus in 2013, Helping Bridgestone
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Global natural-rubber supply will exceed demand for a third straight year in 2013 and the price of the commodity used to make tires and gloves is set to extend declines, according to RCMA Commodities Asia Group.
Production will exceed usage by 299,000 metric tons in 2013, compared with a surplus of 321,000 tons this year and 4,000 tons in 2011, the Singapore-based trading company said in a presentation e-mailed to Bloomberg. Global stockpiles may jump 26 percent to 1.57 million tons this year, it showed.