Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be influenced by rubber futures markets.
Russian rubber and petrochemicals manufacturer Nizhnekamskneftekhim signed an agreement to provide synthetic rubber to Michelin during a meeting held in late June.
A delegation from the Russian company, including Vladimir Busygin, chairman of the board of directors and other senior officials, visited Michelin’s R&D center in Clermont-Ferrand, France to discuss the supply of new brands of synthetic rubber to the tyre maker.
Although world rubber demand remains strong, Thailand exports rubber mostly as a commodity, making farmers vulnerable to world’ s price swing. Adding value is necessary and the government has set up a rubber city and promote more domestic use of the product, he added.
Discontent among southern rubber farmers against the government has grown even as the government explained it has done its best to ease their woes stemming from plummeting rubber prices.
Government spokesman Sansern Kaewkamnerd said on Monday it was imperative that farmers understand world rubber prices were dictated by economic factors such as interest rates and oil prices.
“We have provided credits to be used as revolving funds for rubber planters’ groups and for rubber processors to buy latex directly from farmers,” he said.
Blog This Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that it has completed the acquisition of API Applicazioni Plastiche Industriali S.p.A. (API). The transaction includes API’s manufacturing and research facility at Mussolente, Italy, and all of API’s business, employees and assets. The API management team and employees are now part of Trinseo’s Performance Plastics business.
World natural rubber (NR) production increased by 5.8 per cent year- on-year to 5.729 million tonnes during the first half of 2017, says the latest ANRPC report. As a result, ANRPC expects that the world supply during 2017 will be at 12.797 million tonnes, up 5.9 per cent from the previous year.
London – Natural rubber prices continued to be volatile in the month of June with some encouragement for suppliers in the form of a recovery in Chinese contract prices.
According to the latest ERJ snapshot of trading in Far East markets, on the Shanghai Futures Exchange, the closing price for RU1709 – the most heavily traded NR future – strengthened last month, closing at Yuan13,335/tonne in the week ending 2 July.
Tokyo – Asahi Kasei Corp. is expecting strong demand for its tire rubber materials this year, officials said at a recent conference about the company’s 2016 financial results.
“Demand for synthetic rubber for fuel-efficient tires has been firm,” said a transcript of the meeting, noting that both lines at Asahi’s Singapore plant have been “fully utilised” recently.
BEACHWOOD, Ohio—An Indian materials firm has hired a rubber industry veteran to help the company introduce its line of fluoroelastomers into North America.
Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…
Michelin North America (Canada) is applauding the Government of Saskatchewan, Ministry of Highways and Infrastructure, and the Saskatchewan Trucking Association, who worked collaboratively for the province to become Canada’s fourth to enact regulations that permit the trucking industry to increase hauling and payload capacity.
The total payload increase from 7,700 kg per axle to 8,500 kg allows the industry to adopt wide-base single heavy-truck tires while decreasing fuel consumption and green-house gas emissions.