KUALA LUMPUR: The region’s top traditional rubber producers – Thailand, Indonesia and Malaysia – believe the current low price of natural rubber (NR) does not reflect the economic fundamentals that affect it. ITRC member countries account for 65% of global natural rubber (NR) production and 72% of world NR exports. A statement issued by the…
Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be influenced by rubber futures markets.
Although world rubber demand remains strong, Thailand exports rubber mostly as a commodity, making farmers vulnerable to world’ s price swing. Adding value is necessary and the government has set up a rubber city and promote more domestic use of the product, he added.
Discontent among southern rubber farmers against the government has grown even as the government explained it has done its best to ease their woes stemming from plummeting rubber prices.
Government spokesman Sansern Kaewkamnerd said on Monday it was imperative that farmers understand world rubber prices were dictated by economic factors such as interest rates and oil prices.
“We have provided credits to be used as revolving funds for rubber planters’ groups and for rubber processors to buy latex directly from farmers,” he said.
World natural rubber (NR) production increased by 5.8 per cent year- on-year to 5.729 million tonnes during the first half of 2017, says the latest ANRPC report. As a result, ANRPC expects that the world supply during 2017 will be at 12.797 million tonnes, up 5.9 per cent from the previous year.
Tokyo – Asahi Kasei Corp. is expecting strong demand for its tire rubber materials this year, officials said at a recent conference about the company’s 2016 financial results.
“Demand for synthetic rubber for fuel-efficient tires has been firm,” said a transcript of the meeting, noting that both lines at Asahi’s Singapore plant have been “fully utilised” recently.
Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…
Although Viet Nam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing. Tyre produced at the Southern Rubber Industry Joint Stock Company in Dong Nai Province. According to the Viet Nam Rubber Association (VRA), most of the materials are …
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21/6 Indonesian authorities are unfazed by a recent drop in natural rubber prices as market fundamentals remain strong, Reuters has reported. According to…
KOCHI: The Association of Natural Rubber Producing Countries (ANRPC), has scaled down its earlier forecast of world supply of natural rubber (NR) as it reckons that prevailing downtrend in the market is likely to pull down production further. The supply is likely to be revised down further due to downswing in NR prices from the […]
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Horgen, Switzerland – Trinseo has marked 80 years of synthetic rubber production in Schkopau, Germany, a production site with an event for employees, local associations and institutes and officials.
A 13 June company statement also highlighted new projects at the site, which directs much of its production to the tire industry.