Americas petrochemicals outlook, w/c March 11

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US olefins participants said there was more downward pricing pressure in the market as they await confirmation of the Westlake/Lotte chemical ethane cracker in Lake Charlies, Louisiana, coming online. Trade participants also said they expected Enterprise Products’ dehydrogenation unit in Mont Belvieu, Texas, to be back to normal operations this week. The company […]

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Rubber weekly

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At the supply end, the main producing areas in Southeast Asia are in low-yield areas, the supply of raw materials is tight, and the inventory of processing plants is not high. The raw materials are actively stocked, the price of raw materials is strong, the price of US dollar cargo is firm, and the internal […]

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India – As rubber output dips, tyre-makers ask govt to ease supplies

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Demand-supply gap rises to 45% during first 10 months this fiscal The tyre industry has voiced its concern over the decline in production of natural rubber in the country, as it led to a widening gap between domestic demand and supply. The Automotive Tyre Manufacturers Association (ATMA) said that natural rubber consumption has grown by […]

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China Rubber Network: Market Information

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(Translated by Google Translator)

Point 1: Reaffirm the long-term rising logic of natural rubber. The rise of natural rubber lies in the fundamental changes. The emergence of high points on the supply end and the stimulation of the demand side lead to the arrival of natural rubber. With the gradual improvement in fundamentals, we reiterate the logic of natural rubber.

Point 2: The main producing country reduces exports, and the supply turning point may appear. The International Tripartite (Thailand, Indonesia, Malaysia) Rubber Council reached an agreement …

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What to expect at Tyrexpo Asia 2019 in Singapore

Asia’s most well-attended and go-to sourcing platform revs up momentum this year by co-locating with GarageXpo 2019 and Automotive Aftermarket Asia 2019.

This move brings together an even more comprehensive community of automotive players in manufacturing, distribution, wholesale, retreading and fleet operation as well as car workshop owners and aftermarket accessory enthusiasts.

© SingEx | Photography by Lionel Lin

Read the source article at Traction News

U.S. and China said to appear close to deal to roll back tariffs

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U.S. President Donald Trump and Chinese President Xi Jinping could seal a formal trade deal at a summit around March 27 given progress in talks between the two countries, the Wall Street Journal reported on Sunday.

In an eight-month trade war, the United States has imposed punitive tariffs on $250 billion worth of imports from China, while Beijing has hit back with tariffs on $110 billion worth of U.S. goods, including soybeans and other commodities. The actions have roiled financial markets, disrupted manufacturing supply chains and reduced U.S. farm exports.

Trump administration officials have said they expect the two presidents to “close” a deal at a summit in coming weeks at Trump’s Mar-a-Lago estate in Florida.

Read the source article at Global Rubber Markets News

China’s pledge to cut VAT gets cautious welcome from commodity markets

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Singapore — China’s plan to cut the rate of value added tax this year has been generally welcomed by commodity markets, as the lower cost burden would help businesses and stimulate sales at a time of slower economic growth. Prime Minister Li Keqiang announced early Tuesday during an annual meeting of parliament that the government…

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Rubber chemical traders converge for RCMA Silver Jubilee fete

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The Rubber Chemical Merchants Association (RCMA) celebrated its Silver Jubilee (25th anniversary) in Mumbai recently by organising an event styled Optima 6, a platform for rubber chemical traders across the country for networking and knowledge-sharing.

The theme of the networking event was: ‘Trade Openness, Boosting Competitiveness.’ Dr Parimal Merchant, Director – Global FMB Program at S. P. Jain School of Global Management, delivered a talk on current issues in family business.

Read the source article at Rubber Asia

Linglong makes progress on graphene tire development

Research on large-scale application of graphene rubber composites, conducted jointly by Beijing Tiancheng Linglong Tire, a wholly owned subsidiary of Linglong Tire, and Beijing University of Chemical Technology, has been successfully audited by the Beijing Municipal Science & Technology Commission.

The research marks a huge R&D milestone for Linglong Tire, and demonstrates the applicability of graphene in the production of energy-efficient tires.

Read the source article at Tire Technology International

Tire Derived Fuel Market to Undertake Strapping Growth 2018 – 2026

2026 Albany, NY — ( SBWIRE ) — 02/17/2019 — Tire derived Fuel Market – Snapshot Tire-derived fuel (TDF) is fuel derived from all kinds of scrap tires. It may include whole tires or tires processed into uniform, flowable pieces that satisfy specifications of end-users.

Read the source article at SBWire