Vietnam to promote value addition to NR

curata__Ds4pBdOUlVD3znX.jpeg

Badly hit by prolonged drop in natural rubber (NR) prices, Vietnam, the world’s third largest NR producer, plans to boost domestic consumption by promoting the manufacturing of rubber products such as tyres, gloves, automobile spare parts etc for both domestic and export markets.

Globally, unprecedented price falls, adverse weather and growing usages of synthetic rubber are pushing traditional natural rubber growers to other agricultural commodities. The same trend is seen in Vietnam too. Rubber growers are increasingly switching to fruits trees, cashew and pepper. Some are doing inter-cropping and converting only a part of their rubber plantations.

Read the source article at Rubber Asia

Synthetic rubber prices likely to remain volatile

curata__6SKc0SOUmFAYIIN.jpeg

AKRON—Prices for synthetic rubber and petrochemical feedstocks have been “incredibly volatile” and are likely to remain so for a while, according to a speaker at the International Tire Exhibition & Conference in Akron Sept. 11-13.

“Energy- and economy-related fundamentals in the synthetic rubber market are encouraging, but risks abound,” said Bill Hyde, executive director-olefins and elastomers at IHS Markit.

Read the source article at Global Rubber Markets News

Tocom aims to double rubber trading with new contract

curata__LAGkHemjd2PoJR8.jpeg

Technically-specified rubber futures will start trading on October 9, according to President Takamichi Hamada. Trading volumes will probably exceed ribbed-smoked-sheet rubber, the type currently traded on Tocom, in the short term, Hamada, 68, said in an interview in Tokyo. The exchange is also aiming to surpass volumes on Singapore Exchange, he said.

Tocom is Japan’s largest commodity exchange and has offered RSS rubber contracts for almost 66 years.

 

Read the source article at Global Rubber Markets News

Tyre maker Michelin confirms 2018 guidance despite China slowdown

curata__xC5CrOjxJo8Y1LS.jpeg

Tyre makers such as Michelin and its rivals Continental and Goodyear have been hit by weaker demand in China, whose economy has been slowing, and the impact of adverse foreign exchange movements and commodity prices.

But Michelin said growth in Europe and north America meant it would stick to its overall 2018 financial targets.

Xavier Caroen, an analyst at French brokerage Bryan Garnier, said the statement would reassure investors that the French company had not been as badly affected as other tyre makers.

Read the source article at Stock Market Quotes and News

India’s rubber output to drop over 15% due to floods, says merchants

curata__Rl3BwIobcwZ7rGT.jpeg

Cochin Rubber Merchants’ Association has said that the decline in rubber output will be more than 15 percent due to floods. President of the  Association GP Goyal has told Moneycontrol that the rubber tapping has completely stopped for last 15-20 days.

Workers from Bihar and Orissa left Kerala and product sale has drastically come down, he said. Prices have not gone up much because the import is taking place and North Indian states are getting material from Tripura.

Read the source article at Rubber Asia

Ecolomondo to set up pyrolysis plant in Ontario

curata__pTaaeah6U90NmuF.jpeg

ST. LAURENT, Quebec—Canadian cleantech company Ecolomondo Corp. is planning to set up a tire-recycling plant in Hawkesbury, Ontario, to showcase its thermal decomposition process technology.

The company has acquired a 13.4-acre plot land for the project with site work set to begin immediately. Hawkesbury is a town of about 10,000 inhabitants in eastern Ontario on the Ottawa River near the border with Quebec.

Construction work will start on the 50,000-sq.-ft. facility in autumn 2018 with completion scheduled for the second or third quarter of 2019, Ecolomondo said.

Read the source article at Rubber and Plastics News

The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 5.6% from 2018 to 2023

NEW YORK, June 6, 2018 /PRNewswire/ — Trends, opportunities and forecast in carbon black market to 2023 by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging,…

Read the source article at PR Newswire

Market forces tighten silicone sector supply, spike prices

curata__DBoRVNrc31Tc2tT.jpeg

AKRON—Tightness in silicone supply is straining the market, bringing on higher prices and causing trouble for steady sources, with no relief in sight until at least 2019, industry insiders said.

Read the source article at Rubber and Plastics News

South Carolina manufacturing center adds liquid sodium silicate facility

curata__FfMRDpzrkfbapaz.jpeg

GOOSE CREEK, S.C.—A new liquid sodium silicate facility at the Charleston International Manufacturing Center at Bushy Park in Goose Creek is a bid to support companies like Evonik Industries.

Read the source article at Rubber and Plastics News

Shortage in supply of ‘Carbon Black’ causes crisis in Rubber Industry

curata__LhrQLy2uQZFlmJh.jpeg

An acute shortage of the Carbon Black -a major raw material needed for manufacture of rubber products has caused the crisis in Indian Non-tyre Rubber industry . The shortage has caused the shutting down of a large number of small and medium sized manufacturing units across the nation. All India Rubber Industries Association ( AIRIA ), an industry body of non-tyre rubber products manufacturers, has appealed to the Govt.

Read the source article at Asia’s Premier News Agency