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

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.

 

 

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Yokohama Rubber forecasts higher 2017 op profit despite soaring rubber prices

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Feb 20 Yokohama Rubber Co Ltd, Japan’s third-biggest tyre maker, on Monday forecast a 12 percent increase in 2017 operating profit despite soaring prices of natural rubber and other raw materials. Asia benchmark rubber futures on the Tokyo Commodity Exchange (TOCOM) hit their highest in more than five years late last month, boosted by Chinese […]

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Malaysia: Rubber Industry Not A Sunset Industry — Mah

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Malaysia’s rubber industry is not a sunset industry following demand for high-value engineering rubber products from many countries, says Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong. He said Malaysia has the ability to produce high-value engineering rubber products used specially in the field of vibration and earthquake engineering. Mah said Malaysian manufacturers had installed and supplied rubber seismic bearings to high-seismic activity countries like New Zealand, Iran, IndonesiaTurkey and China. “Our rubber products are of world standard, so the rubber industry is definitely not a sunset industry,” he told reporters after visiting the Doshin Rubber Products (M) Sdn Bhd factory here Monday.

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IRE 2017 Asia’s jumbo Show

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The 9th edition of India Rubber Expo, the premier international rubber event showcasing India’s rubber power to the world, is back in the south Indian metropolis of Chennai for a second time. Once again, this grand rubber show provides a great a global platform for the rubber industry players across the world, especially those hailing from the most happening Asian region, to come together, interact and exchange their ideas, display their most innovative products and services to the visitors. Major overseas rubber industry players and experts from Japan, China, Malaysia, Korea, the Netherlands, Germany and the US will converge at Chennai during the event, meet face to face with their Indian counterparts and discuss emerging market scenarios, technologies, alliances and other industry-related issues and explore opportunities to work together.

It is also a venue for the Indian players to get to know and imbibe the latest technological trends and happenings taking place in rubber world and make improvements in their own processes. IRE 2017 is particularly relevant in Asia where growth rates for the rubber markets are expected to be higher than any other region in the coming years. IRE is a clear indicator of India’s own position which is currently the fastest growing economy in the world pushing back China to the second slot.

Read the source article at Rubber Asia

United States Non Tire Rubber Industry 2016 Market Research Report

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The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Non Tire Rubber market analysis is provided for the United States markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed. 

Read the source article at openPR.com

ANRPC Releases Natural Rubber Trends & Statistics, January 2017

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The Association of Natural Rubber Producing Countries (ANRPC) is happy to release its Natural Rubber Trends & Statistics, January 2017. Natural rubber (NR) prices have registered a good start in the beginning of 2017 with an average 10% growth across key NR markets, in spite of the price decline to US$1.00 per kilogram during early […]

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Ansell shares fall 6 pct on flat profit and rising costs

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, Feb 13 (Reuters) – Australian  maker Ansell Ltd said on Monday that rising raw material costs and foreign exchange fluctuations kept half-year profit flat, sending shares to a six-month low.

The company, which makes goods ranging from gloves to diving suits, reaffirmed its earnings target and said it had received several expressions of interest for the purchase of its profitable 120-year-old condom business.

But analysts said earnings per share were tracking at the low end of the $1 to $1.12 full-year guidance.

“It’s a bit of a miss … operationally the result is fairly flat and the only positive is that the sexual wellness is still on track to be sold,” said Bill Keenan, general manager of direct equities research at broker Lonsec.

Ansell shares skidded as much as 6.2 percent on the result to touch A$20.75 ($15.90), a six-month low, before rebounding to settle around A$21.70, while the broader Australian market rose 0.48 percent.

Half-year profit was $69.8 million, the company said, compared with $69.6 million previously.

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Apollo Tyres’ revenue surges but margins skid as costs rise

No doubt, Apollo Tyres Ltd’s December quarter performance raced past Street expectations on all fronts. But rising raw material prices tempered the company’s profitability and the bigger concern is there is no sign of them cooling off.

In fact, Apollo Tyres’ management in the analysts’ call cautioned investors that there could be a 10% increase in overall raw material costs in the March quarter too. This is not surprising given that RSS Grade-4 rubber prices (used in tyre manufacture) alone surged by about 40% over the last 12 months. Other commodity prices like synthetic rubber, whose price is linked to crude oil, are up too.

No wonder then that the December quarter’s operating margin fell by about 270 basis points year-on-year to 14.4%, although higher than Bloomberg’s forecast. A basis point is one hundredth of a percentage point.

What came to Apollo Tyres’ rescue was its robust sales, which grew by 17.3% to Rs3,457 crore at the consolidated level.

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Elastic band: Chinese speculators ping global rubber prices to 5-year high

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Traders say Chinese investors are punting on global rubber demand surging on revived growth in China stoking the auto sector, allied with hope a President Trump stimulus will stoke the U.S. economy. The world\’s biggest , Bridgestone, has already warned it may have to lift product prices.

These bets are likely to continue once China is fully back in business after the Lunar New Year break, traders say. They come just as output in key Southeast Asia producer countries enters a seasonal drop – exacerbated by recent floods in Thailand – and have made rubber an even hotter property than top-demand commodities like lead and steel.

Asia benchmark rubber futures at the Tokyo Commodity Exchange (TOCOM) hit their highest  in more than five years last week and climbed 26 percent in January before giving up some gains during the Chinese New Year holiday – their biggest monthly leap since at least 1990. That\’s already stoked interest in new production in places like India.

“There was a round of speculation on rubber in China in January,” said Quan Shuwen, an analyst at the Shanghai office of Japanese brokerage Okachi. “Supplies are quite tight, demand from downstream enterprises is gradually getting stronger in China, which will very likely further push up prices.”

Over the past four months, rubber prices have more than doubled in a wild swing propelled by China\’s cash-rich investors, underlining their ability to move markets after similar surges in commodities like coking coal and iron ore. …

Read the source article at Global Rubber Markets News