Reuters logo
MARKET EYE-Tyre makers rally on fall in rubber prices
December 5, 2012 / 6:47 AM / 5 years ago

MARKET EYE-Tyre makers rally on fall in rubber prices

* Shares of tyre makers including Apollo Tyres gained
tracking a fall in the price of key raw material rubber, which
constitutes nearly 40 percent of the tyre production cost.
* Rubber futures have fallen 6.4 percent in previous
five trading sessions.
* Apollo Tyres is up 2.13 percent, Ceat Tyres gains 2.4 percent,
MRF adds 4 percent, while JK Tyres & Industries
 rises 2.8 percent.
* Rubber's peak production season has started in December and
will continue till February. Carry forward stock of imports with
tyre companies have risen after a drop in vehicle sales.

 (manoj.dharra@thomsonreuters.com/siddesh.mayenkar@thomsonreuter
s.com)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below