16 April 2013 22:52 [Source: ICIS news]
SAN FRANCISCO (ICIS)--This year is shaping up to be a “lost year” for the tyre industry, speakers and other sources said on Tuesday during the International Institute for Synthetic Rubber Producers (IISRP) Annual General Meeting.
“2013 is going to be a lost year,” said Bill Hyde, a C4 consultant for IHS. “Most of the industry is now trying to be optimistic for 2014. I don’t see any real significant change for 2013. ?xml:namespace>
“I agree with him,” said a European tire consultant. “I have given up on 2013. The forecasts say that
“It’s not just auto sales,” said another European source. “It’s the European economy in general. It is worse than people think, and I don’t see it getting better.”
Most everyone at the IISRP meeting agreed that
“I have a very cautious view about
Despite the pessimistic view about the global economy, Hyde said he sees synthetic rubber prices “relative stability over the next few years”.
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