Supply and demand of neutral bearish rubber fell sharply

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March, natural rubber continued unilateral decline in the trend continued to continue unilateral decline, and continue to hit a new low, but then encounter, stabilized stabilized, and returned to a technical rebound, which reflects the supply and demand of natural rubber market The relationship is reversed from the background and the essence of the reversal.

Prospects and Strategy Suggestions

Looking forward to April trend, by the international and domestic aspects of the neutral factors of the neutral intertwined effect, in the surrounding Tokyo City, Singapore rubber market both down the trend of deep down, Hujiao market outlook will continue the formation of the original deep down Of the trend, while subject to the global macroeconomic and financial situation neutral factors, although the short-term may fall sharply, but the medium-term may return to the low regional concussion trend, the operation should be short-term low-absorbing high-throwing.

Read the source article at Global Rubber Markets News

Brunei: Reconsider rubber tax

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THE Brunei Government has introduced a tax on rubber-related products. It was not explained why it needed to do this.

The products include stationery items like erasers, rubber bands etc. The tax will be between three to five per cent. This will burden the schools and the students. In these hard times we shouldn’t be burdening the families by making basic school necessities costly, especially for the low income families.

At present companies selling stationery items from Miri are active in Brunei and have taken a huge share of the stationery market. This has badly affected local businesses selling stationary items.

Read the source article at Global Rubber Markets News

ANRPC Releases Natural Rubber Trends & Statistics March 2017

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The monthly bulletin of Association of Natural Rubber Producing Countries (ANRPC), Natural Rubber Trends & Statistics, March 2017 is now available for our subscribers. During the first quarter of 2017, ANRPC member countries are estimated to have produced 2.499 million tonnes of natural rubber (NR), up 2.0% from the same period a year ago. Consumption […]

The post ANRPC Releases Natural Rubber Trends & Statistics March 2017 appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

Goodyear to raise prices for second time in 2017

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Akron, Ohio – For the second time this year, Goodyear will increase prices across of all its brands in the US and Canada.

In an email statement 4 April, the tire maker said it will increase prices by approximately 6% beginning 1 May. This is in addition to a previously announced price increase that took effect 1 Feb.

According to a company spokesperson, the rising costs of raw materials is a key factor driving the second price hike.

Raw materials costs have been a driving force that has…

Read the source article at European Rubber Journal

Rubber sets a 7-day losing streak in Tokyo

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The benchmark Tokyo rubber futures August contract plunged 5.2 per cent on Thursday to close the main session at ¥269.4 per kg.

It finished near a seven-week low, having broken sharply down through its 50-day moving average around ¥292 and recording a seven-day losing streak that was its worst run since September 2014, according to Reuters.

And rubber’s move arguably is not yet stretched. The contract’s 14-day relative strength index, the commodity sector’s closely watched momentum gauge, finished the session at 35.2, not yet below the 30 mark that heralds the “oversold” threshold.

What’s going on?

Well, the pullback needs to be put in perspective. On January 31, rubber futures hit an intraday five-year high of ¥366.7, having more than doubled over just four months.

Helped by the broader market’s Trump-inspired “risk on” mood, rubber prices rallied as buoyant Chinese car sales data boosted expectations of greater tyre demand. Additional momentum was provided by supply-side problems as heavy rainfall in Thailand, a big rubber producer, was seen crimping production. But at the January peak, rubber’s 14-day RSI hit 79, into the “overbought” zone that is seen beginning at 70.  

Read the source article at FT.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 […]

The post ANRPC Releases Natural Rubber Trends & Statistics, January 2017 appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

Alliance Raises Tire Prices

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Alliance Tire Americas Inc. (ATA) will raise the prices of its OTR and commercial products by 8%, effective April 1, 2017. Specific changes will vary depending on the product line and segment, ATA notes.

Like the other tiremaker raising tire prices, ATA also attributed the price increase to the escalating costs of raw materials.

“ATA is committed to making sure that our customers are receiving high-quality, application-specific, purpose-built tires at the most economical costs possible,” said James Clark, president or Alliance Tire Americas. “Due to the significant increases in the cost of natural rubber and other raw materials used in tire production, we are required to increase our prices at this time.”

Read the source article at Tire Review

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.

Read the source article at Global Rubber Markets News

Demand for Tires in China Is Making Your Rubber Gloves Pricier

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Demand for Tires in China Is Making Your Rubber Gloves Pricier by China’s tire demand has helped a rubber ingredient surge 117% Rubber glove makers’ raw material costs jumped 45% since Sept. Consumers across the globe donning gloves to do the dishes may soon feel the heat from rubber being burned on China’s roads. Surging car sales in China in the last few months have more than doubled the price of a little-known chemical called butadiene.

Read the source article at Bloomberg.com

Thai rubber producers say can maintain exports despite floods

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BANGKOK, Jan 31 (Reuters) – Thai rubber exporters say they have enough of the commodity in stockpiles to ensure only minimal disruption to scheduled shipments in the wake of deadly floods in key growing regions.

Global rubber prices this week soared to five-year highs on worries over supply following floods that started in December, swamping plantations in the world’s top producer at the height of the tapping season.

But Thai exporters of rubber, used to churn out everything from tyres to surgeons’ gloves, told Reuters they did not expect any major impact on shipments due to stocks already in place.

 

Read the source article at Global Rubber Markets News