ANRPC cites fall in natural rubber production in the first two months of 2019

Based on preliminary estimates, world production of natural rubber (NR) again fell by 5.8%, year-on-year, in the first two months of 2019, amounting to 2.138 million tonnes, according to the Association of Natural Rubber Producing Countries (ANRPC).

It attributes this fall to the recent tropical storm in Thailand and early winter season of rubber trees observed across member countries.

Read the source article at Tire Technology International

To survive trade battles, China manufacturers deploy every weapon they can

curata__bCWdhkn6KAYG4Im.jpeg

Tit-for-tat tariffs from the China-United States trade war have been costly for many. Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels.

March brought some encouraging news for manufacturers. Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected, while first-quarter growth was better than expected.

Read the source article at Stock Market Quotes and News

Rubber machinery makers robust under pressure

London – Given the market pressures that emerged during the year – international trade disputes, a cool-down in some tire markets and Brexit among them – the international tire & rubber machinery sector delivered quite a robust performance in 2018.

Figures from the 39 companies that completed the survey both this year and last year, show a sales total of $4,077.2 million, just 0.8% lower than a year ago.

Read the source article at European Rubber Journal

Scrap Tire Conference set for Dec. 4-5

GREENVILLE, S.C. — The Scrap Tire Research and Education Foundation will host its 8th Biennial Scrap Tire Conference for Dec. 4-5 in Greenville.

Read the source article at Tire Business

U.S. and China Got Into a Trade War and Mexico Won

curata__lxWvtHeDstJFCKe.jpeg

Bloomberg) — The Trump Administration’s trade war with China has turned out to be a windfall for another country the president frequently berates: Mexico.

Consider Fuling Global Inc., a Chinese maker of plastic utensils that developed a lucrative business making paper cups and straws for U.S. restaurants. But President Trump upended all that with tariffs on $250 billion worth of Chinese imports, including paper products. So the company found an alternative, opening a $4 million factory in Monterrey, Mexico, that will soon begin shipping millions of paper straws across the border.“We had to look for other ways to do business,’” said Fuling Chief Financial Officer Gilbert Lee. The move means the Wenling, China-based company will avoid the tariffs and make up for pricier Mexican labor with lower shipping costs. “Mexico is a very logical and advantageous location for us.”

Read the source article at Global Rubber Markets News

Thailand expected to delay start of cuts in rubber exports due to election

JAKARTA: Thailand, the world’s top natural rubber producer, will delay the start of planned curbs on exports of the commodity by over a month due to the general election in the country, officials from two other nations that are also making cuts said on Monday. Thailand, Indonesia and Malaysia, which together form the Tripartite Rubber […]

Read the source article at Global Rubber Markets News

China to reduce intervention in auto, other industries

curata__zFVuCm8q5yaa3KG.jpeg

China will reduce government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-U.S. trade war. The government’s pledge to reduce its influence over operational matters in China’s manufacturing sector follows an apparent toning down of its high-tech industrial push, which has long annoyed the United States.

Read the source article at Front Page

Americas petrochemicals outlook, w/c March 11

curata__uaT2H5wJQQX9TnT.gif

US olefins participants said there was more downward pricing pressure in the market as they await confirmation of the Westlake/Lotte chemical ethane cracker in Lake Charlies, Louisiana, coming online. Trade participants also said they expected Enterprise Products’ dehydrogenation unit in Mont Belvieu, Texas, to be back to normal operations this week. The company […]

Read the source article at Global Rubber Markets News

Rubber fundamentals do not support bull market

curata__CZnOGxL7cJFXnx4.jpeg

A few days ago, the China Association of Automobile Manufacturers released the data on China’s automobile production and sales and the economic operation of the automobile industry in February 2019. Due to the market downturn and holiday factors, the overall level of automobile production and sales in February was low. In February, the national automobile production and […]

Read the source article at Global Rubber Markets News

U.S. and China said to appear close to deal to roll back tariffs

curata__UNcC4VUqTQoCswL.jpeg

U.S. President Donald Trump and Chinese President Xi Jinping could seal a formal trade deal at a summit around March 27 given progress in talks between the two countries, the Wall Street Journal reported on Sunday.

In an eight-month trade war, the United States has imposed punitive tariffs on $250 billion worth of imports from China, while Beijing has hit back with tariffs on $110 billion worth of U.S. goods, including soybeans and other commodities. The actions have roiled financial markets, disrupted manufacturing supply chains and reduced U.S. farm exports.

Trump administration officials have said they expect the two presidents to “close” a deal at a summit in coming weeks at Trump’s Mar-a-Lago estate in Florida.

Read the source article at Global Rubber Markets News