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 […]

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Malaysia: Rubber Industry Not A Sunset Industry — Mah

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Malaysia’s rubber industry is not a sunset industry following demand for high-value engineering rubber products from many countries, says Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong. He said Malaysia has the ability to produce high-value engineering rubber products used specially in the field of vibration and earthquake engineering. Mah said Malaysian manufacturers had installed and supplied rubber seismic bearings to high-seismic activity countries like New Zealand, Iran, IndonesiaTurkey and China. “Our rubber products are of world standard, so the rubber industry is definitely not a sunset industry,” he told reporters after visiting the Doshin Rubber Products (M) Sdn Bhd factory here Monday.

Read the source article at Global Rubber Markets News

Rubber sets a 7-day losing streak in Tokyo

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The benchmark Tokyo rubber futures August contract plunged 5.2 per cent on Thursday to close the main session at ¥269.4 per kg.

It finished near a seven-week low, having broken sharply down through its 50-day moving average around ¥292 and recording a seven-day losing streak that was its worst run since September 2014, according to Reuters.

And rubber’s move arguably is not yet stretched. The contract’s 14-day relative strength index, the commodity sector’s closely watched momentum gauge, finished the session at 35.2, not yet below the 30 mark that heralds the “oversold” threshold.

What’s going on?

Well, the pullback needs to be put in perspective. On January 31, rubber futures hit an intraday five-year high of ¥366.7, having more than doubled over just four months.

Helped by the broader market’s Trump-inspired “risk on” mood, rubber prices rallied as buoyant Chinese car sales data boosted expectations of greater tyre demand. Additional momentum was provided by supply-side problems as heavy rainfall in Thailand, a big rubber producer, was seen crimping production. But at the January peak, rubber’s 14-day RSI hit 79, into the “overbought” zone that is seen beginning at 70.  

Read the source article at FT.com

Patrick M. Prevost Sells 62,400 Shares of Cabot Corporation (CBT) Stock

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Cabot Corporation (NYSE:CBT) Director Patrick M. Prevost sold 62,400 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $57.48, for a total value of $3,586,752.00. Following the sale, the director now owns 315,620 shares of the company’s stock, valued at approximately $18,141,837.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cabot Corporation (NYSE:CBT) remained flat at $57.55 on Friday. 481,488 shares of the company traded hands. Cabot Corporation has a 1-year low of $39.52 and a 1-year high of $60.72. The stock has a market cap of $3.58 billion, a P/E ratio of 17.39 and a beta of 1.21. The firm has a 50-day moving average of $54.11 and a 200 day moving average of $51.59.

Read the source article at American Banking News

IRE 2017 Asia’s jumbo Show

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The 9th edition of India Rubber Expo, the premier international rubber event showcasing India’s rubber power to the world, is back in the south Indian metropolis of Chennai for a second time. Once again, this grand rubber show provides a great a global platform for the rubber industry players across the world, especially those hailing from the most happening Asian region, to come together, interact and exchange their ideas, display their most innovative products and services to the visitors. Major overseas rubber industry players and experts from Japan, China, Malaysia, Korea, the Netherlands, Germany and the US will converge at Chennai during the event, meet face to face with their Indian counterparts and discuss emerging market scenarios, technologies, alliances and other industry-related issues and explore opportunities to work together.

It is also a venue for the Indian players to get to know and imbibe the latest technological trends and happenings taking place in rubber world and make improvements in their own processes. IRE 2017 is particularly relevant in Asia where growth rates for the rubber markets are expected to be higher than any other region in the coming years. IRE is a clear indicator of India’s own position which is currently the fastest growing economy in the world pushing back China to the second slot.

Read the source article at Rubber Asia

Koppers Holdings Inc. Schedules Fourth Quarter 2016 Conference Call

PITTSBURGHFeb. 8, 2017 /PRNewswire/ — Koppers Holdings Inc. (NYSE: KOP) intends to release its fourth quarter 2016 financial results before the opening of the markets on Thursday, Feb. 23, 2017, and discuss its results on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available online at least 15 minutes before the call.

Interested parties may access the live audio broadcast by dialing 866-719-0110 in the United States/Canada, or 719-234-0008 for international, Conference ID number 4441959. Investors are requested to access the call at least five minutes before the scheduled start time in order to complete a brief registration. An audio replay will be available approximately two hours after the completion of the call at 888-203-1112 or 719-457-0820, Conference ID number 4441959. The recording will be available for replay through March 24, 2017.

The live broadcast of the Koppers conference call will be available online: http://edge.media-server.com/m/p/opof589q. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your internet browser’s URL address field.)

If you are unable to participate during the live webcast, the call will be archived on www.koppers.com and www.streetevents.com shortly after the live call and continuing through March 24, 2017.

Read the source article at PR Newswire

Overcapacity Biggest challenge for Synthetic Rubber

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Overcapacity is one of the biggest challenges facing the global synthetic rubber (SR) industry. This has been driven mainly by over-investment in China during the past years. This situation of overcapacity has forced many facilities to work with reduced operating rates and delay or cancel several expansion projects. Some facilities have been deactivated or dismantled and others are in the process of switching over to produce other elastomer types such as SBS. This is most noticeable in China and the Asia Pacific region.
Even so, the SR industry is expected to continue to grow moderately compared to the previous years. By 2016, the installed capacity is expected to grow by 2 per cent, according to our information. To this situation of overcapacity, if we add dull world economic growth, the situation becomes more complicated.

Uses in key industries

Synthetic rubbers have been leading the global rubber market since the 1940’s and are used in the manufacture of many types of products that we use every day which make our lives more comfortable. The automotive and tyre sectors will keep driving the SR demand. The construction sector generates significant demand of synthetic rubber in many end-uses such as paving/roads, waterproofing membranes, and adhesives and sealants. It is also very useful to the food industry with several end uses such as labelling, packaging, and more. Synthetic rubbers are also the material of choice for appliances, footwear, personal care, medical applications and others.
The SR industry has an important and extensive business relationship with all these key industries, and therefore, has been influenced by the performance and situation of its trading partners. The global SR market experienced a sharp downfall in demand during the global economic crisis. However, coming out of the deep recession impact, it expects a moderate growth rate close to 2 per cent CAGR in the upcoming years.

Read the source article at Rubber Asia

ANRPC Releases Natural Rubber Trends & Statistics, January 2017

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The Association of Natural Rubber Producing Countries (ANRPC) is happy to release its Natural Rubber Trends & Statistics, January 2017. Natural rubber (NR) prices have registered a good start in the beginning of 2017 with an average 10% growth across key NR markets, in spite of the price decline to US$1.00 per kilogram during early […]

The post ANRPC Releases Natural Rubber Trends & Statistics, January 2017 appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

Natural Rubber flourishing in China

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China is the top consumer of natural rubber in the world, thanks to its booming auto and tyre industries. The country’s domestic production of NR, however, constitutes only a fraction of its demand.

China consumed 4.7 million tonnes of NR in 2015 while the country’s total NR production came to only 794,000 tonnes in 2015. ANRPC expects China’s NR consumption to further rise to 4.9 million tonnes in 2016.

Read the source article at Rubber Asia

Arlanxeo introduces two SSBR grades for low rolling resistance tires

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Maastricht, The Netherlands – Arlanxeo is introducing new solution styrene butadiene rubbers (SSBR) and other tire production technologies during Tire Technology Expo in Hannover, Germany on 13-16 Feb.

The Lanxess-Saudi Aramco rubber JV said on 13 Feb that its Tire & Speciality Rubbers (TSR) unit would be introducing two new commercialised SSBRs, featuring first and second generation functionalisation technologies respectively: Buna FX 3234A-2 and Buna FX 5000.

Read the source article at European Rubber Journal