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 […]
RANCHO CUCAMONGA, Calif. — Sumitomo Rubber North America is planning to raise prices on select Falken-brand tire lines.
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 […]
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.
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.
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.
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.
KUALA LUMPUR, Malaysia — The world supply of natural rubber fell 8.3% to 5.85 million metric tons during the first half of 2019 versus the same 2018 period, according to figures released by the Association of Natural Rubber Producing Countries.
Singapore — India’s economy has shifted into lower gear since the country’s general election, posting its slowest growth in six years for the April-June quarter and taking a toll on energy and commodity markets that were already grappling with an ailing automotive sector and a lack of liquidity. Not registered? Receive daily […]
GREENVILLE, S.C. — Michelin North America Inc. (MNA) has announced a price increase for the fourth time this year, announcing that it will increase prices up to 4.9% for Michelin, BFGoodrich, Michelin Retread Technologies and Oliver brand truck tire and retread products in the U.S. and Canada.