Market forces tighten silicone sector supply, spike prices

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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

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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

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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

Why Trucking and Logistics Will Lead the Autonomous Vehicle Revolution

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When we think about the advancement of self-driving vehicles it should start with trucking, freight and logistics.

Trucks move about $700 billion of cargo in the U.S. annually, which amounts to about 70 percent of the nation’s freight by weight. In the near term, that’s why the economic case for driverless technology is so much greater for commercial vehicles.

While many look ahead to the decline of human driving and a subsequent decrease in crashes and traffic fatalities and injuries, most agree it remains a distant vision.

Just last week the Center for Automotive Research in Ann Arbor, Mich., said that self-driving vehicles that fit the Society of Automotive Engineers’ Level 4 and Level 5 autonomous operation rankings won’t even reach 4 percent of new-vehicle sales by 2030. Beyond that, it’s possible they could reach 55 percent by 2040.

Read the source article at Trucks.com

Halcyon Agri doubles revenue in fiscal year 2017

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Singapore – Natural rubber giant Halcyon Agri Corp. Ltd. reported a profit of $35.3 million (€28.8 million) in fiscal year 2017, and its revenues more than doubled during the year to just under $2 billion.

Robert Meyer, Halcyon Agri executive director and CEO, announced the company’s results at a press conference in Singapore 26 Feb.

Read the source article at European Rubber Journal

Global NR supply likely at 13.784 million tonnes in 2018, up by 4.5%: ANRPC

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The Natural Rubber (NR) production across the world is anticipated at 13.784 million tonnes in 2018, up 4.5% from 13.196 million tonnes recorded in 2017. The slower production growth in 2018 is mainly due to a lower production anticipated by Thailand at 4.375 million tonnes, down by 1.2% a year ago, said the latest Natural Rubber Trends & Statistics report by the Association of Natural Rubber Producing Countries (ANRPC) in January 2018.

“However, a 2.8% growth is anticipated for the global demand of NR in 2018. It is expected to grow from 12.964 million tonnes in 2017 to 13.327 million tonnes in 2018. The ANRPC member countries will continue their efforts to encourage more uses of NR in their respective countries, for a better balancing of supply-demand of NR and sustainability of NR industry in the long run,” the report said.

Read the source article at Rubber Asia

Kumho Petrochemical expects materials prices to rise

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Seoul – Kumho Petrochemical is expecting slight improvements in prices for butadiene and maybe also synthetic rubber over the coming months – in contrast to the roller-coaster trends of last year.

In its 2017 full year financial statement, the South Korean rubber and resin manufacturer said butadiene supply is forecast to be “stable” due to new operations in the region.

Read the source article at European Rubber Journal

Price of rubber set to rise after neighbours’ pledge

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Following a pledge made last week by Thailand, Indonesia and Malaysia to withhold exports of 350,000 tonnes of natural rubber until March, experts say the price of the rubber produced in the kingdom will increase. Rubber being collected at a local plantation. KT/Ven Rathavong According to a public announcement issued on January 4, the pledge […]

Read the source article at Global Rubber Markets News

ITRC To Focus More On NR Sustainability – Dr. Chairil Anwar, CEO, International Rubber Consortium (IRCo)

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In an exclusive interview to Rubber Asia, Dr Chairil Anwar, the newly appointed CEO of the Bangkok-based International Rubber Consortium (IRCo), says that in the next decade, ITRC/IRCo will play a greater role in ensuring sustainability and remunerative prices for smallholders as well as providing fair and less volatile NR prices for the consumers. 

As the CEO of IRCo, my priorities are inline with and supportive of the objectives and goals of ITRC/IRCo.

In 2001, world’s three major producers of natural rubber (NR), namely Thailand, Indonesia and Malaysia, signed a Declaration to establish a tripartite cooperation in rubber under the framework of the International Tripartite Rubber Council (ITRC). The objectives of this cooperation are ensuring sustainable NR production and implementing relevant measures in achieving remunerative NR prices for the well-being of the rubber smallholders.

ITRC is committed in helping millions of rubber smallholders who …

Read the source article at Rubber Asia

Conti sees improved outlook for materials costs

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Hanover, Germany – Continental AG’s Rubber Group, which includes Tire Division and ContiTech, has reduced its estimates for the negative impact of rising raw materials prices in 2017.

In its recently-published third quarter results, Continental said it was lowering forecast for the average price of natural rubber (TSR 20) this year from $1.90/kg to $1.70/kg.

Read the source article at European Rubber Journal