Brief

What happened

Rubber & plastics producer prices in the euro area moved down 0.3% last month.1 Latest event: Tyre maker reports lower raw-material costs in quarterly filing.2

Why

Over 12 months they are up 5.9%.1 The euro is weaker against the dollar over three months.3

So what

Suppliers still lead, and leverage is moving to buyers.1,4,5,6,7,8,9,3,2,10

Now what

Leverage is moving to buyers. Delay large tyre orders where you can.1,4,5,6,7,8,9,3,2,10

1. Delay large tyre orders. Leverage is moving to buyers. Order only what you need for the next weeks.1
2. Watch the natural rubber reversal. Natural rubber moved up 1.5% last month after a fall over three months.4

1. [1] Rubber & plastics (EU) — producer prices, euro area. Source: Eurostat (sts_inpp_m). Calculations by OHT Pulse. Eurostat is not responsible for the processing.
2. [2] Tyre manufacturer filings. Source: SEC EDGAR filings.
3. [3] EUR/USD reference rate. Source: ECB statistics.
4. [4] Natural rubber RSS3. Source: World Bank Commodity Price Data (The Pink Sheet).
5. [5] Brent crude oil. Source: World Bank Commodity Price Data (The Pink Sheet).
6. [6] Rubber & plastics (EU) — producer prices, ECB. Source: ECB statistics.
7. [7] Rubber & plastics (EU) — producer prices, Germany. Source: Eurostat (sts_inpp_m). Calculations by OHT Pulse. Eurostat is not responsible for the processing.
8. [8] Rubber & plastics (EU) — producer prices, Denmark. Source: Eurostat (sts_inpp_m). Calculations by OHT Pulse. Eurostat is not responsible for the processing.
9. [9] Rubber & plastics (EU) — producer prices, Sweden. Source: Eurostat (sts_inpp_m). Calculations by OHT Pulse. Eurostat is not responsible for the processing.
10. [10] News event metadata. Data: GDELT Project (https://www.gdeltproject.org/).

Calculated by OHT Pulse.