Vietnam: Rubber exports plummet

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HÀ NỘI – Việt Nam’s rubber exports fell in May due to changing Chinese policies and fears over the US-China trade war, a representative of the Việt Nam Rubber Group (VRG) has said.

According to the Ministry of Industry and Trade, in May, rubber exports reached 80,000 tonnes, worth US$116 million, up 6 per cent in volume and 7 per cent in value compared with April. However, those figures were down 26.5 per cent in volume and 26.2 per cent in value year-on-year.

Fortunately, in the first five months of the year, rubber exports reached 495,000 tonnes, worth $673 million, up nearly 12 per cent in volume and 4 per cent in value year on year.

Read the source article at Global Rubber Markets News

Cambodia: Falling rubber prices causing concern

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Rubber being harvested at a farm in Ratanakkiri. KT/ Chor Sokunthea The price of rubber has fallen markedly in recent months due to a slowdown in demand in international markets, particularly China. The commodity currently fetches $1,300 per tonne in the local market, a drop of more than $100 compared to last year, according to […]

Read the source article at Global Rubber Markets News

ANRPC reports fall in world natural rubber consumption in Q1 of 2019

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According to the ANRPC, in the first quarter of 2019, world natural rubber production fell 5.2%, year-on-year, accounting to 2.989 million metric tons in the winter season, and prevailing low rubber prices for some farmers in certain countries. The new leaf fall disease outbreak in South Sumatra might also have contributed to the drop in […]

Read the source article at Global Rubber Markets News

Trinseo S.A. (TSE) CEO Frank Bozich on Q1 2019 Results

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Earnings Call Transcript:

Operator

Good morning, ladies and gentlemen, and welcome to the Trinseo First Quarter 2019 Financial Results Conference Call. We welcome the Trinseo management team, Frank Bozich, President and CEO; Barry Niziolek, Executive Vice President and CFO; and David Stasse, Vice President of Treasury and Investor Relations.

Today’s conference call will include brief remarks by the management team followed by a question-and-answer session.

Read the source article at Stock Market Insights

Speaker Spotlight: Tire and Rubber Summit 2019

TRAC’s Tire & Rubber Summit speaker lineup is here. Our 2019 program brings you a list of germane industry topics delivered by high-profile executive speakers from rubber companies, non-tire manufacturers, rubber compounders, suppliers, auxiliary businesses, and regulators.

Find out all there is to know about rubber material feedstocks, regulatory initiatives and outlook, Canadian economic outlook, and the barrage of new disruptive technologies in automotive, manufacturing and materials’ development sectors.

Speakers’ Spotlight:

Dinner Keynote (June 11)

Paul BarterManagement Consultant, Business Professor, Entrepreneur and Venture Investor 
Paul is passionate about innovation and entrepreneurship and focusses on the intersection of technology, business, employment and society in our rapidly changing world. Besides his consulting and investing activities, he supports the next generation of entrepreneurs as an Entrepreneur in Residence at the RIC Centre, a Venture Advisor at MaRS Discovery District and an MBA professor and entrepreneurship advisor at the Schulich School of Business.

Sessions (June 12)

Rubber Material Feedstocks – Supply and Demand Outlook

Our experts will present the challenges and trends affecting the supply and demand for tire industry’s core raw material feedstocks such as NR, SBR, CB, processing oils and others. Furthermore, panelists will offer insights into latest feedstocks procurement strategies relevant in today’s market environment

Dennis Corson; Senior Vice President, Sales and Operations, Alan L. Grant Polymer

Robert Rist; Regional Director, Product Management, Reinforcement Materials, Cabot Corporation

Karthika Kizhakke Vellate; Senior Procurement Analyst, Beroe Inc.

Regulatory Initiatives and Outlook

Our panelists will focus on several key regulatory initiatives relevant to rubber and tire manufacturers in Canada, and will include directives concerning Canada’s Chemical Management Plan and Canada’s Pan-Canadian Framework on Clean Growth and Climate Change. Trade also remains under scrutiny and customs compliance and programs continue to evolve to match the challenging global trade environment.

Sarah Amick; Vice President, U.S. Tire Manufacturers Association

Michael Sherbo; Director of Appeals, Dominion Customs Consultants Inc.

Pierrette LeBlanc; Senior Engineer, Office of Energy Efficiency, Natural Resources Canada

Canadian Economic Outlook

Despite global trade tensions, the global economy is not expected to stall in 2019, and the U.S. economic growth has been the main cause in propelling global growth over the past year. The Canadian economy is expected to remain solid and will also likely continue to expand. This segment will provide an overview of the key culprits that will shape the Canadian economy in the coming year.

Josh Nye; Senior Economist, Royal Bank of Canada

Driving to the Future – Part I.

New technologies have one thing in common: the surprising ways they can alter how companies reach their business goals. How will connected vehicles, advanced networks and other technologies impact the tire industry? This segment will present several technologies that are affecting the industry as we speak.

Khaled Boqaileh; Co-Founder & CEO, LabsCubed

Don Heelis, P.Eng.; Sales Manager, Cimcorp Automation Ltd.

Ross McKenzie; Managing Director, Waterloo Centre for Automotive Research

Driving to the Future – Part II.

Technology is changing industries in unprecedented ways, dramatically altering the way they understand and advance product development, manufacturing processes, and other business aspects. This segment will be a discussion of several new technologies and ideas that are informing automotive and tire industries today.

Mike Nehls; General Manager, Tire & Wheel Testing, Smithers RAPRA

Jay Spears; Director of Standards and Regulations, Continental Tire, The Americas

Eric Chaniot; Chief Digital Officer, The Michelin Group

 

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The Summit also provides ideal setting for targeted industry product and service marketing. We would like to help enable you to take advantage of this prime marketing opportunity, by providing a range of comprehensive sponsorship packages that you can easily align with your marketing strategy.

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ANRPC cites fall in natural rubber production in the first two months of 2019

Based on preliminary estimates, world production of natural rubber (NR) again fell by 5.8%, year-on-year, in the first two months of 2019, amounting to 2.138 million tonnes, according to the Association of Natural Rubber Producing Countries (ANRPC).

It attributes this fall to the recent tropical storm in Thailand and early winter season of rubber trees observed across member countries.

Read the source article at Tire Technology International

Cambodia’s rubber exports show 23% increase, but prices decline

Cambodia’s rubber exports increased 23 per cent in the first quarter of this year on the same period last year, while rubber prices continue to decrease, according to figures from the General Directorate of Rubber under the Ministry of Agriculture, Forestry and Fisheries.

The data showed the Kingdom exported 48,192 tonnes of rubber in the first quarter of this year, a 23 per cent increase compared to the same period last year, with an average price of $1,279 per tonne, a 12 per cent decrease.

Read the source article at Global Rubber Markets News

Rubber fell 70% in 7 years. Will the bear market last for 10 years?

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Rubber prices experienced a surge in the period from 2009 to 2011, during which the increase was as high as 240%, which in turn led to a large expansion of the planting area in the producing countries, resulting in a serious oversupply. Although the international rubber futures price has risen by 16% this year, it […]

Read the source article at Global Rubber Markets News

Thailand expected to delay start of cuts in rubber exports due to election

JAKARTA: Thailand, the world’s top natural rubber producer, will delay the start of planned curbs on exports of the commodity by over a month due to the general election in the country, officials from two other nations that are also making cuts said on Monday. Thailand, Indonesia and Malaysia, which together form the Tripartite Rubber […]

Read the source article at Global Rubber Markets News

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 […]

Read the source article at Global Rubber Markets News