Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.
NATURAL rubber supplier Halcyon Agri Corporation on Monday said its founding chief executive officer (CEO) Robert Meyer, as well as chief corporate officer Pascal Demierre, retired on Friday.
Taking over from Mr Meyer as CEO is David Li Xuetao, the former CEO of GMG Global. He has more than 20 years of experience in the tyre, synthetic rubber and natural rubber business, mainboard-listed Halcyon Agri said in a regulatory update.
Halcyon Agri acquired industry peer GMG Global in 2016 in a series of transactions to consolidate the natural rubber business of Sinochem International Corp – Halcyon Agri’s major shareholder.
KOTTAYAM, India—India’s Rubber Board is setting up an e-trading platform for natural rubber to bring transparency and visibility for buyers and sellers in the market.
Deutsche Bank’s Corporate Bank today announced that it has provided a US$25 million ($34.8 million) sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to US$75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation.
The Association of Natural Rubber Producing Countries (ANRPC) is happy to release its Natural Rubber Trends & Statistics May 2020.
In line with the outlook reported by the ANRPC through the April issue of this publication, natural rubber (NR) prices started recovering since the last week of April driven by the positive sentiment generated by the relaxation of the COVID-19 containment measures and lockdowns, reopening of economic activities across countries, positive developments in crude oil market, and a substantial contraction in the global production of NR. The recovery is likely to continue, albeit at a slow pace and subject to a set of risk factors.
Kuala Lumpur – The Association of Natural Rubber Producing Countries (ANRPC) expects the world consumption of natural rubber to fall 1.5% this year, after a sharp decline in demand in the first quarter.
In its monthly trends update published 30 March, the ANRPC said it estimated the global consumption to drop to 13.53 million tonnes for the whole year, down from the an earlier estimate of 1.2% growth in February.
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 […]
The epidemic has no major impact on upstream rubber production. Domestic production areas are in the cut-off season, and major overseas production areas in Thailand and Indonesia have not yet spread the epidemic on a large scale. However, the number of confirmed cases in Thailand has increased in recent days, and trade with China has also […]
After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.
Ivory Coast is Africa’s top natural rubber exporter and the seventh largest producer in the world. New plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.
Akpangni Attobra, APROMAC’s general secretary, told Reuters on Wednesday that output will keep rising and should reach 950,000 tonnes in 2021.