Apollo Announces Price Increase for Vredestein Tires

The prices of Vredestein consumer tires are planned to increase on March 1.

The extent of the increase will be up to 5%, including adjustments at the article and pattern level.

The price increases reflect increases in raw material cost movement and an increase in global ocean freight rates, the company says.

Read the source article at Tire Review

Thai rubber prices hit near three-year high on global demand

Thai benchmark smoked rubber sheets (RSS3) began rallying in July and rose to the highest levels in nearly three years at 64.65 baht ($2.06) per kg last week. It has eased a little and was quoted at 61.25 baht per kg on Tuesday. Prices for the grade have usually hovered at levels under 50 baht per kg in past years. “Rubber prices increased from global demand, driven by Chinese exports after the economy began to recover,” said Deputy Government Spokeswoman, Rachada Thanadirek.

Read the source article at Stock Market Quotes and News

ANRPC Releases Natural Rubber Trends & Statistics July 2020

Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.

Read the source article at Stock Market Quotes and News

NR growth outlook falling on coronavirus-induced demand drop

KUALA LUMPUR — The growth in demand for and production of natural rubber is slipping, prompting the Association of Natural Rubber Producing Countries (ANRPC) to revise downward its 2020 global outlook for natural rubber. The association said it expects NR production to grow by 2.7% this year to 14.2 million metric tons, down from the […]

Read the source article at Global Rubber Markets News

Sumitomo to raise prices on select Falken lines

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RANCHO CUCAMONGA, Calif. — Sumitomo Rubber North America is planning to raise prices on select Falken-brand tire lines.

Read the source article at Tire Business

Rubber long and short double washing rises unchanged

The main reason for the stagnation of rubber prices is that the contradiction between supply and demand is not sharp enough to make prices soar. The current price level basically reflects the favorable factors in the early stage. The drought has lasted for a long time, and it has not been raining in central and […]

Read the source article at Global Rubber Markets News

Global rubber demand to recover in 2020

KUALA LUMPUR, Malaysia — World demand for rubber is expected to grow 2.6% in 2020 after falling an estimated 1.5% last year from 2018, new figures from the International Rubber Study Group show.

Read the source article at Tire Business

It is not easy to lift the bottom of the rubber out of the mud

Although the price of rubber prices is not easy to rise, the bottom may rise: the supply and demand structure in 2020 has not yet undergone a substantial change, and it is not easy for a sustained offensive increase. But the bottom may rise upwards: previously seen bottom opportunities may be difficult to see.

Read the source article at Global Rubber Markets News

Thailand aims to reduce rubber plantations, ramp up value of exports

BANGKOK, Dec 4 (Reuters) – Thailand’s cabinet has approved a 20-year plan to slash rubber plantations by 21% nationwide and increase the value of rubber exports by more than threefold, a government spokeswoman said on Wednesday.

 

Read the source article at reuters.com

NR supply falls 7.3% in first seven months of 2019

Kuala Lumpur – The world production of natural rubber (NR) fell 7.3% year-on-year to 7.039 million tonnes during the first seven months of 2019, according to the preliminary estimates published by the Association of Natural Rubber Producing Countries (ANRPC).

Total product was hit by the outbreak of Pestalotiopsis leaf disease in the rubber producing states, with Indonesia estimating a 15% decline in annual output.

Read the source article at European Rubber Journal