Natural rubber prices slide as imports get cheaper

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India’s rubber imports from Malaysia alone grew by 16.7% in value terms to $29.7 million in 2018 in the last 10 years. By the Rubber Board’s provisional estimates, the production in 2018-2019 was 648,000 tonne, against 694,000 tonne in 2017-2018. After a brief spell of price recovery up to Rs 152 per kilo last month, […]

Read the source article at Global Rubber Markets News

Vietnam: Rubber exports plummet

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HÀ NỘI – Việt Nam’s rubber exports fell in May due to changing Chinese policies and fears over the US-China trade war, a representative of the Việt Nam Rubber Group (VRG) has said.

According to the Ministry of Industry and Trade, in May, rubber exports reached 80,000 tonnes, worth US$116 million, up 6 per cent in volume and 7 per cent in value compared with April. However, those figures were down 26.5 per cent in volume and 26.2 per cent in value year-on-year.

Fortunately, in the first five months of the year, rubber exports reached 495,000 tonnes, worth $673 million, up nearly 12 per cent in volume and 4 per cent in value year on year.

Read the source article at Global Rubber Markets News

Global and China Natural Rubber Industry Report, 2019-2025

NEW YORK, May 21, 2019 /PRNewswire/ — In 2018, global natural rubber industry continued remained at low ebb, as a result of economic fundamentals. Global natural rubber price presented a choppy downtrend and repeatedly hit a record low in recent two years, in spite of an uptick in the…

Read the source article at PR Newswire

India – As rubber output dips, tyre-makers ask govt to ease supplies

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Demand-supply gap rises to 45% during first 10 months this fiscal The tyre industry has voiced its concern over the decline in production of natural rubber in the country, as it led to a widening gap between domestic demand and supply. The Automotive Tyre Manufacturers Association (ATMA) said that natural rubber consumption has grown by […]

Read the source article at Global Rubber Markets News

Federal Tire to raise prices in North America

TORRANCE, Calif. — Federal Tire North America is raising prices on its entire product line by roughly 2.5 percent, effective April 1.

According to Joe Kao, operations manager, the Taiwan-based tire maker, “tried to hold off as long as possible but finally, we had no choice.”

Read the source article at Tire Business

China Rubber Network: Market Information

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(Translated by Google Translator)

Point 1: Reaffirm the long-term rising logic of natural rubber. The rise of natural rubber lies in the fundamental changes. The emergence of high points on the supply end and the stimulation of the demand side lead to the arrival of natural rubber. With the gradual improvement in fundamentals, we reiterate the logic of natural rubber.

Point 2: The main producing country reduces exports, and the supply turning point may appear. The International Tripartite (Thailand, Indonesia, Malaysia) Rubber Council reached an agreement …

Read the source article at Global Rubber Markets News

Each year, billions of tonnes of goods traverse oceans on sh

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Each year, billions of tonnes of goods traverse oceans on ships the size of warehouses. With the spread of globalisation, the volume of goods traded by sea has grown by 300 percent since the 1970s, according to the United Nations Conference on Trade and Development (UNCTAD). Today, ships carry more than 80 percent of all goods. …

The shipping industry is vital to modern life, but it is also responsible for emitting around a billion tonnes of carbon dioxide (CO2) a year. As part of the International Maritime Organisation’s (IMO) broader plan to clean up the industry in the coming decades, ships will be required to reduce their sulphur emissions by more than 80 percent from 2020. Changing the rules for a sector that guzzled half of the world’s total demand for fuel oil in 2017 will have a significant knock-on effect for the entire oil value chain, impacting everyone from truckers and airlines to ordinary consumers.

 

Read the source article at hellenicshippingnews.com

ANRPC meet stresses need to tackle emerging challenges

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The 11th Annual Rubber Conference of Association of Natural Rubber Producing Countries (ANRPC), hosted by the Government of Thailand, was held in Chiang Rai on October 8, 2018 with the theme “Adapting for the emerging mega trends”. There were 187 participants from 11 countries, including 93 from Thailand. The inaugural session started with a welcome address by Somboon Siriwech, Deputy Governor of Chiang Rai Province.

Read the source article at Rubber Asia

Cambodia: Rubber price drops while exports rise

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The General Directorate of Rubber director-general Pol Sopha said during the period, local producers exported 161,571 tonnes of rubber to various countries with Japan, Korea, Malaysia, Vietnam, Singapore and China being major destinations.

 

The figure shows that the current total cultivated land area is 226,000ha, while the harvested land area is 201,000ha.

Read the source article at Global Rubber Markets News

Apollo Vredestein to Increase Tire Prices in North America

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Apollo Tyres announced that the prices of its Vredestein brand consumer tires will increase by up to 6% starting Jan. 1.

The company said the price hike is in line with the rising raw material and logistics costs.

Currently, Vredestein consumer tires are produced in Europe from the company’s manufacturing facilities in the Netherlands and the recently inaugurated plant in Hungary.

Read the source article at Tire Review