LOWER PRICE FOR RUBBER ANTICIPATED
Florida Automotive Journal
Increased rubber production resulting from chemically treated rubber trees is likely to bring natural rubber prices down to competitively lower levels during the next several years, the American Chemical Society's Rubber Chemistry Division was told recently.
Stephen T. Semegen, president of the Natural Rubber Bureau, a unit of the Malayan Rubber Fund Board, who made the statement also said that there now always will be a stable supply of economically - produced natural rubber.
"This is to the advantage of the consumer," added Mr. Semegen, of Hudson, Ohio, "because up to now the supply never had equalled the demand, under the law of supply and demand."
Paul G. Roach, chairman of the Chemical Society's Rubber Chemistry Div., told the convention that the well balanced supply of synthetic rubber complements the supply of natural rubber so that raw material requirements of the industry can be met.
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