AnalysisChen Jinrong comments on state of industry; NR prices

Posted on by David Shaw

Chairman of Zhongce Rubber Group Chen Jinrong has given an interview to China Rubber Journal. The article says tire profitability in China has fallen 31% in the first 11 months of 2015; average profit margin is down 1 point to 4.35%. Nine of the companies in the CRIA list fell into loss in 2015. Some

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