Natural Rubber production, consumption up in first two months of 2018

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KUALA LUMPUR—Natural rubber production and consumption registered year-on-year growth in the first two months of 2018, according to the Association of Natural Rubber Producing Countries. Production rose 4.3 percent to 2.2 million metric tons, while demand grew 7.5 percent year-on-year to 2.0 million tons for the period, the ANRPC said March 22. During the first […]

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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

U.S. steel import curbs seen scuttling India’s rising exports: minister

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NEW DELHI (Reuters) – India’s ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade.

“Our exports have increased substantially, about 40 percent growth during January to December,” Singh told Reuters in an interview on Tuesday, referring to 2017.

“What I foresee is that our exports are going to grow. In that case, these kind of disturbances should not take place.”

Read the source article at Global Rubber Markets News

Canadian dollar forecast to overcome trade worries and strengthen: Reuters poll

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TORONTO (Reuters) – The Canadian dollar is forecast to rally over the coming year, a Reuters poll showed on Wednesday, as global economic strength and a broadly weaker greenback offsets smoldering investor fears of a trade war that could damage Canada’s economy.

The poll of nearly 50 foreign exchange strategists taken March 1-6 predicted that the will climb to C$1.2700 to the greenback, or 78.74 U.S. cents, in one month, from around C$1.2875 on Tuesday. It is then expected to climb in a year to C$1.2300, matching the forecast from last month’s poll.

Read the source article at Global Rubber Markets News

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

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

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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…

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Arlanxeo expanding  chloroprene rubber capacity

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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

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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 […]

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Conti sees improved outlook for materials costs

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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 […]

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