Anxiety over availability hits rubber

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The price of rubber has fallen with the same speed at which it shot up last month in the international market. In 30 days, it has risen to ₹200 a kg and returned to ₹170.

This was triggered by anxiety over the availability of rubber in major rubber producing countries. Due to repeated floods in the southern provinces of Thailand at the end of last year and at beginning of this year, tapping could not be done for long periods . Along with this, the expectation that rubber demand from China would pick up in the new year has influenced futures trading in rubber.

There was also a widespread feeling that there could be a shortage in the global availability of rubber. In the futures market the impact was sudden. When the floods in Thailand gradually receded the anxiety about the non availability of rubber disappeared and the prices started falling.

Read the source article at Global Rubber Markets News

It’s interesting times for tyre recycling industry

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Mike Hinsey,International Vice President, Granutech Saturn Systems, USA, a leading industrial recycling systems manufacturer, is widely considered to be a legend in the tyre recycling industry. He has been with Granutech for 33 long years and has been instrumental in taking the company to the world’s Top 3 position. Among the awards and accolades won by him include the coveted award from the Institute of Scrap Recycling Industries Inc. (ISRI), USA, the largest recycling association in the world, for his outstanding contribution to the recycling industry.

In an interview to Rubber Asia on the sidelines of India Rubber Expo (IRE) 2017 in Chennai, he explains the high points of his 33-year-long association with Granutech and shares his views on wide-ranging issues such as the current status and future prospects of tyre recycling industry, the problem of mounting tyre wastes, recent innovations/improvements made in tyre recycling technology etc.

Read the source article at Rubber Asia

Arlanxeo sales, earnings drop in “difficult” environment

Cologne, Germany – Arlanxeo, the 50:50 synthetic rubber joint venture between Lanxess and Saudi Aramco has reported a 5.2% decrease in sales to €2.71 billion in the full fiscal year 2016.

In its financial results for the year 2016, German-based parent company Lanxess said the drop in sales was due to “persistently difficult competitive environment.”

Read the source article at European Rubber Journal

Consumer Goods Stocks on Investors’ Radar — Trinseo

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NEW YORK, March 15, 2017 /PRNewswire/ — On Tuesday, benchmark US indices were in bearish colors as the NASDAQ Composite closed the trading session down 0.32%; the Dow Jones Industrial Average edged 0.21% lower; and the S&P 500 was down 0.34%. …

On Tuesday, shares in Berwyn, Pennsylvania headquartered Trinseo S.A. ended the session 0.07% lower at $70.30 with a total volume of 532,964 shares traded. Trinseo’s shares have advanced 0.50% in the last one month and 17.36% in the previous three months. Furthermore, the stock has rallied 106.35% in the past one year. Shares of the Company, which manufactures and markets synthetic rubber, latex binders, and plastic products in EuropeNorth AmericaLatin America, and the Asia/Pacific, are trading at a PE ratio of 10.47. The stock is trading 5.55% above its 50-day moving average and 25.26% above its 200-day moving average. 

Read the source article at PR Newswire

Recycled rubber infill causes a very low level of concern

ECHA has evaluated the risk of substances in recycled rubber that is used on artificial sports pitches. Based on the evidence, ECHA has concluded that the concern for players on these pitches, including children, and for workers who install and maintain them is very low. ECHA will update its evaluation as and when new information becomes available.

Helsinki, 28 February 2017 – In June 2016, the European Commission asked ECHA to evaluate the risk to the general population, including children, professional players and workers installing or maintaining the pitches.

A number of hazardous substances are present in recycled rubber granules, including polycyclic aromatic hydrocarbons (PAHs), metals, phthalates, volatile organic hydrocarbons (VOCs) and semi-volatile organic hydrocarbons (SVOCs). Exposure to these substances through skin contact, ingestion and inhalation was considered.

Based on the information available, ECHA concludes that there is, at most, a very low level of concern from exposure to recycled rubber granules:

  • The concern for lifetime cancer risk is very low given the concentrations of PAHs typically measured in European sports grounds.
  • The concern from metals is negligible given that the data indicated that the levels are below the limits allowed in the current toys legislation.
  • No concerns were identified from the concentrations of phthalates, benzothiazole and methyl isobutyl ketone as these are below the concentrations that would lead to health problems.
  • It has been reported that volatile organic compounds emitted from rubber granules in indoor halls might cause irritation to the eyes and skin.

Read the source article at Homepage

TOCOM rubber slips to 2-month low following Shanghai tumble

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TOKYO (March 8): Benchmark Tokyo rubber futures slipped to the lowest in more than two months on Wednesday as Shanghai futures continued to decline amid concerns over rising inventories in the world’s biggest rubber consumer.

“Tokyo rubber prices have apparently peaked out and are expected to decline further on a weakening Shanghai futures market,” said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

Shanghai futures have been under pressure due to higher inventories and worries about slower growth in China’s economy, he added.

The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished 11 yen, or 4.1%, lower at 258.4 yen (US$2.27) per kg, after hitting the lowest since Dec 30 of 257.6 yen earlier in the session.

 

 

The post TOCOM rubber slips to 2-month low following Shanghai tumble appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

Kraton Corporation Announces Fourth Quarter and Full Year 2016 Results

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HOUSTON, Feb. 27, 2017 /PRNewswire/ — Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announces financial results for the quarter and year ended December 31, 2016. 2016

FOURTH QUARTER AND FULL YEAR SUMMARY Exceeded the previously announced target for integration synergies, delivering $37 million of the $65 million total synergies expected by 2018.

Read the source article at cnbc.com

Rubber-based material for certain JKR, rural roads: Najib

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PEKAN: Prime Minister Datuk Seri Najib Abdul Razak (pix) today disclosed that certain Public Works Department (JKR) and rural roads would be built using rubber-based material.

He noted that the construction cost would comparably be slightly higher than that of normal roads but the government could save cost on maintenance in the long run, besides creating a demand for rubber.

“Today the rubber price has gone up. In a way, it is due to our efforts; although rubber price is determined by the world market, the government can endeavour to dictate a higher market demand for Malaysia’s rubber and palm oil.

“So the additional measure that I have decided is for us to build a number of JKR roads and other rural roads using rubber material, never mind that it will cost a bit more.

“But we will save on maintenance costs … and this will push up the demand for rubber,” he said at the presentation of letters of commission to 213 new participants of the Bukit Sijau Felcra cluster land development near here today.

Read the source article at theSundaily

SRI uses bio-liquid rubber in winter tire for better ice-grip

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Tokyo – Sumitomo Rubber Industries (SRI) has developed a winter tire using Kuraray-supplied liquid farnesene rubber (LFR) as a performance enhancing additive, the Japanese synthetic rubber supplier announced 20 Feb.

Tokyo-based SRI has used the additive in the production of its latest studless tire Winter Maxx 02, according to Kuraray’s announcement.

LFR is a liquid rubber developed by Kuraray using farnesene, a new biologically derived diene monomer developed by US biotech company Amyris.

Read the source article at European Rubber Journal

Yokohama Rubber forecasts higher 2017 op profit despite soaring rubber prices

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Feb 20 Yokohama Rubber Co Ltd, Japan’s third-biggest tyre maker, on Monday forecast a 12 percent increase in 2017 operating profit despite soaring prices of natural rubber and other raw materials. Asia benchmark rubber futures on the Tokyo Commodity Exchange (TOCOM) hit their highest in more than five years late last month, boosted by Chinese […]

The post Yokohama Rubber forecasts higher 2017 op profit despite soaring rubber prices appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News