Analysis: India’s limping economy threatens to undermine commodity markets

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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 […]

Read the source article at Global Rubber Markets News

Michelin raising tire prices for fourth time this year

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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.

Read the source article at Tire Business

Trinseo SR business’ earnings more than halved in second quarter

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BERWYN, Pa.—Lower sales volumes and weak market conditions have contributed to a drop in second quarter earnings within Trinseo’s synthetic rubber unit.

Read the source article at Rubber and Plastics 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 …

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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