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Europe car sales trough may have passed for SBR makers - bank
LONDON (ICIS)--Styrene butadiene rubber (SBR) producers have some reason to hope the bottom may have been reached in European car sales, but should expect any subsequent recovery in tyre sales to be a drawn-out process, an investment bank said on Monday.
Analysts at WOOD & Company looked at what the April 2013 passenger car registrations data from the European Automobile Manufacturers’ Association (ACEA) - showing registrations up 1.7% year on year, the first increase since September 2011 - could mean for the long sought recovery in European SBR demand.
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