Southern rubber farmers grow impatient

curata__yKliglI1X8i8HE5.jpeg

Although world rubber demand remains strong, Thailand exports rubber mostly as a commodity, making farmers vulnerable to world’ s price swing. Adding value is necessary and the government has set up a rubber city and promote more domestic use of the product, he added.

Discontent among southern rubber farmers against the government has grown even as the government explained it has done its best to ease their woes stemming from plummeting rubber prices.

Government spokesman Sansern Kaewkamnerd said on Monday it was imperative that farmers understand world rubber prices were dictated by economic factors such as interest rates and oil prices.

“We have provided credits to be used as revolving funds for rubber planters’ groups and for rubber processors to buy latex directly from farmers,” he said.

 

Read the source article at Bangkok Post

World NR production up 5.8% in H1 2017: ANRPC

curata__XvlAl6e7fwZzNDr.jpeg

World natural rubber (NR) production increased by 5.8 per cent year- on-year to 5.729 million tonnes during the first half of 2017, says the latest ANRPC report. As a result, ANRPC expects that the world supply during 2017 will be at 12.797 million tonnes, up 5.9 per cent from the previous year.

Read the source article at Rubber Asia

Michelin raising prices in Europe — again

curata__l1RSGgZWhgH4YAi.jpeg

AMSTERDAM — Group Michelin is raising prices in Europe in its various segments for the second time in 2017, the French tire-maker disclosed recently in a presentation with financial analysts.

Read the source article at Tire Business

ANRPC releases Natural Rubber Trends & Statistics, April 2017

curata__KI3NckA00kOwHLB.jpeg

The Association of Natural Rubber Producing Countries hereby releases the most updated picture of emerging developments in supply, demand and market trends in world rubber market, through the monthly bulletin “Natural Rubber Trends & Statistics” for April 2017.

… Based on the assessment, world supply of natural rubber, including supply from non-ANRPC countries, is anticipated to remain short of demand during all months up to December 2017. The shortfall is expected to progressively widen from April 2017 onwards to reach 688,000 tonnes in June 2017 before narrows down in subsequent months to reach 46,000 tonnes by December 2017.  

World supply during January to April 2017 was short of demand by 466,000 tonnes, according to preliminary estimates.  Despite a deficit supply, natural rubber prices have moved along a falling trajectory from February 2017 onwards largely due to factors external to the sector. Crude oil prices sharply fallen from February 2017 due to rising US shale gas output and reported failure in the effective implementation of the production curtailment programme agreed among OPEC members and major non-OPEC oil producing countries.  Low crude oil prices keep sentiments down at Shanghai rubber futures and physical markets often follow suit. 

Read the source article at Welcome

India: Rubber production up 22%, belies growers’ claims

curata__Scw4W8tNwMchdm2.jpeg

The ongoing tug-of-war between natural rubber growers and consumers bears this out in ample measure.

The tussle relates to the state of rubber growers, and their claims that heightened imports have impacted domestic rubber production, which is contested by the tyre industry.

According to the latest data from the Rubber Board, natural rubber production actually increased in 2016-17 by 22 per cent over the previous year, Additionally, rubber imports declined by 7 per cent.

Rubber Board officials attributed the increased production to improved market price and the Board’s initiatives, including mass contact programmes to improve production and productivity.

 

The data effectively belies the rubber growers’ claims and validates the tyre industry’s diametrically opposite view.

With improving availability of natural rubber in the domestic market, there is a perceptible drop in rubber imports, says Satish Sharma, Chairman Automotive Tyre Manufacturers Association (ATMA).

“That lends credence to the tyre industry’s stand that natural rubber imports are only taking place to compensate for the domestic deficiency or in view of non-availability of certain grades of rubber on quality parameters,” he said.

ATMA also rebuts the claim that rubber imports are down because domestic prices are ruling lower than international prices.

 

Read the source article at Global Rubber Markets News

Producers unite to boost rubber prices

curata__y1LVwyL4SUNEtz5.jpeg

Thailand, Malaysia and Indonesia are cooperating to ensure stability of world rubber prices, which continue to fluctuate after signs of recovery.

Titus Suksaard, governor of the Rubber Authority of Thailand, said the three countries, which account for 70% of the world’s natural rubber supply, recently held a meeting to discuss the situation.

They agreed that rubber prices will continue to rise because of several factors, including lower supply due to heavy rainfall and flooding in the South of Thailand. However, the big players in the natural rubber industry see prices as still volatile.

As a result, the three countries have agreed to increase domestic demand as much as possible. They will meet again in July to discuss the issue again and see whether prices are still fluctuating; if so, the group might consider controlling rubber exports to tamp down prices.

Malaysia, Indonesia and India implemented policies to reduce rubber plantations in a bid to curb production and boost market prices, said Mr Titus.

Read the source article at Bangkok Post

Supply and demand of neutral bearish rubber fell sharply

curata__og0cNq4WSvNAokf.jpeg

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

curata__og0cNq4WSvNAokf.jpeg

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

curata__demm83FYIqeabiA.jpeg

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

curata__xFFg9Igj2vt0zyy.png

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