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

Natural rubber output falls in half-year; demand up slightly

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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.

Read the source article at Tire Business

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 […]

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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