Alliance Rubber, importers square off at ITC antidumping hearing

WASHINGTON—An antidumping and countervailing duty case involving rubber band imports from Thailand, China and Sri Lanka was the occasion of impassioned and often personal testimony at a preliminary hearing before the U.S. International Trade Commission.

Representatives of a domestic rubber band manufacturer said they had to let their workers go and deny raises to remaining employees because of import competition.

However, distributors of imported rubber bands accused Alliance’s executives of being “greedy opportunists” who were trying to blame foreign manufacturers for their own bad business decisions.

Read the source article at Rubber and Plastics News

Synthetic rubber producer Arlanxeo proposes tire sealant material

curata__NpRrzRbtbQ79ZKg.jpeg

HANNOVER, Germany — Synthetic rubber producer Arlanxeo Performance Elastomers has developed an elastomer compound that it claims seals punctures, making it ideal for use in self-sealing tires. Arlanxeo — a joint venture of Germany\’s Lanxess A.G. and Saudi Aramco of Saudi Arabia — did not disclose specifics as to the type of elastomer nor say…

Read the source article at Global Rubber Markets News

Arlanxeo expanding  chloroprene rubber capacity

curata__3K3I0dPY09DZnQD.jpeg

Maastricht, The Netherlands – Arlanxeo is expanding its global chloroprene rubber (CR) production at the site in Dormagen, Germany, the company announced 22 Jan.

Capacity there will be increased to 70 kilotonnes per annum overall that will be available to the market already during the first quarter of 2019, said a 22 Jan release.

Arlanxeo said it is investing “an upper single-digit million” in the expansion project overall.

Read the source article at European Rubber Journal

Price of rubber set to rise after neighbours’ pledge

curata__9gQIdkzEPYHIppa.jpeg

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

Conti sees improved outlook for materials costs

curata__PQC84j4snfPkURj.jpeg

HANOVER, Germany — Continental A.G.\’s Rubber Group has reduced its estimates for the negative impact of raw materials prices in 2017. In its recently published third quarter results, Continental said it was lowering its forecast for the average price of natural rubber (TSR 20) this year to $1.70 per kilogram from $1.90/kg. Recent declines in […]

The post Conti sees improved outlook for materials costs appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

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

curata__Vb076R0YWfcf47T.jpeg

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

Malaysia: Sabah To Introduce Rubberised Roads To Address Low Rubber Price

curata__8Zba4wRCpn3F2Hl.jpeg

KOTA KINABALU, Nov 22 (Bernama) — The Sabah government will introduce the use of rubber in paving roads and ‘green tyres’ as a long-term strategy to address the issue of low rubber prices, said Deputy Chief Minister Datuk Seri Yahya Hussin.

Yahya, who is also Sabah Agriculture and Food Industry Minister, said the move was also seen as potentially boosting rubber demand in the country as well as reducing exports to international markets, thereby shoring up flagging prices of the commodity in the future.

“The drop in rubber prices in the international market is due to the slowdown in world economic growth and the government is very concerned with the situation as it affects the income of smallholders and rubber tappers,” he said in reply to a question from Datuk Joniston Bangkuai (BN-Kiulu) at the state assembly sitting here today.

Read the source article at Global Rubber Markets News

Natural rubber market struggles

curata__pvbycvEGQ6ijeQ6.jpeg

The natural rubber market is anticipated to continue struggling due to plunging prices, according to the Association of Natural Rubber Producing Countries (ANRPC). A worker of Cu Mgar Rubber Company harvests latex. At its 10th annual meeting in HCM City on Monday, ARNPC said the global natural rubber market has been facing difficulties since 2012.

Read the source article at Global Rubber Markets News

Cambodia: Rubber exports rise 33 percent

curata__VLMPJbfznbiqFD7.jpeg

Cambodia’s rubber exports to the international market saw an increase of 33 percent in the first nine months of 2017, while the average price for the commodity went up 53 percent, compared with the same period last year. A local farmer tapping a rubber tree to collect the latex. 

Read the source article at Global Rubber Markets News

China’s rubber futures price crashes in September

curata__QnCk1PFOfVvTdSI.jpeg

Shanghai, China – Natural rubber futures price on the Shanghai Futures Exchange (SHFE) went down by over 20% in September after rising since July, weaker than almost all other commodities traded on the exchange. The price has dropped from the high point at €2,183 (17,000 yuan) per tonne at the beginning of the month to […]

Read the source article at Global Rubber Markets News