Michelin : June vols weak again but H1 nonetheless still seen as robust thanks to pricing

>Destocking headwinds remain in June - Michelin released tyre market data for June which confirms the weakness already seen in the early months of 2023, with sell-in below sell-out currently as part of the destocking process at dealers in both passenger and trucks segments. As such, we think this data tends to confirm that overall market trends are set to remain soft near term in the current uncertain economic environment and given the headwinds from destocking (sell-...