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

Tyrexpo Asia 2017 opens its doors

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This is World Rubber Week, and one of three key events taking place as part of the week is Tyrexpo Asia. The Singapore-based tyre trade exhibition opened this morning, and welcoming exhibitors and visitors to the 11th edition of Tyrexpo Asia, project director Andrew Tan expressed the expectation that the show would be attended by “close to 5,000 tyre industry professionals from around the region.” More than 250 firms from over 20 countries are also exhibiting at Tyrexpo 2017, he added.

Read the source article at Tyrepress

Ontario Helps Leading Manufacturer Create and Protect Jobs in Elora

Ontario is partnering with Polycorp Ltd. to support a multi-million dollar expansion at the company’s manufacturing facility in Elora, creating 26 new jobs and retaining 146 positions.

Ontario is investing up to $2.5 million through the Jobs and Prosperity Fund for this project, supporting an additional investment of more than $14.5 million from Polycorp, for a total project value of $17 million. The project is expected to be completed in 2022.

Polycorp is a leading Canadian designer and manufacturer of engineered rubber products that mitigate risk associated with corrosion, abrasion, impact, noise and vibration for a variety of applications in the transportation, mining and protective linings industries. The company serves customers in 38 countries worldwide.

With support from Ontario’s Jobs and Prosperity Fund, the company is investing to purchase new equipment, create a testing laboratory and expand its manufacturing facility. This will help boost productivity and competitiveness, increasing exports and revenues.

Read the source article at Newsroom

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

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

Certain Amorphous Silica Fabric from China Injures U.S. Industry, Says USITC

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured or threatened with material injury by reason of imports of certain amorphous silica fabric from China that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.

Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith M. Broadbent, and F. Scott Kieff voted in the affirmative.  Commissioner Dean A. Pinkert did not vote in these investigations.

As a result of the USITC’s affirmative determinations, Commerce will issue antidumping and countervailing duty orders on imports of this product from China.

Read the source article at USITC

Global Industrial Rubber Products – Industrial Supplies & Accessories

NEW YORKFeb. 20, 2017 /PRNewswire/ — The report analyzes the worldwide markets for Industrial Rubber Products in US$ Million by the following Product Segments: Mechanical Rubber Goods, Rubber Hose and Belting, and Others. The US and Chinese markets are additionally analyzed by the following End-Use Applications: Automotive, Industrial Equipment, and Others. The report provides separate comprehensive analytics for the US, CanadaJapanEuropeAsia-PacificLatin America, and Rest of World.

The report profiles 442 companies including many key and niche players such as:

Read the source article at PR Newswire

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