WASHINGTON (May 13)—World prices for natural rubber have risen slightly in the last week after dipping notably in April. Standard Indonesian Rubber 20—the grade most often used by U.S. tire makers—stood at 43 cents per pound today, delivered to the U.S. "Prices fell too far too fast, and when they fall quickly, they rise quickly," said Dennis J. Fenley, vice president of Danbury, Conn.-based Patriot Trading Inc. A slump in demand, plus concerns over the long-term effect of SARS on the booming Chinese economy, have dampened NR prices recently.
NR prices climb slightly after dip
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