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 […]
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.”
(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 …
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.
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.
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.
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.
Fort Mill, South Carolina – Tire price hikes continue in North America as Continental and Pirelli announce plans to raise tire prices in the region.
In an 8-Nov statement, Continental Tire the Americas LLC said it planned to raise prices on Continental- and General-branded passenger and light truck tires sold in the US market, effective 7 Jan.
CYPRESS, CA — Toyo Tire U.S.A. Corp. will increase dealer base prices on select passenger, light truck and commercial truck tires, effective Jan. 1.
According to the latest statistics from the ANRPC, in the period from January 2018 to September 2018, world natural rubber consumption grew 6.6% on a year-to-year basis to 10.653 million metric tons; world production saw a slower growth at 1.5% to 9.779 million metric tons, on a year-to-year basis. This resulted to a supply deficit of 874,000 metric tons during the same reference period based on these statistics.