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Rubber Seen Dropping As Chinese Inventories May Equal Record
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Rubber output cuts set to puncture tyre companies’ buoyancy
Local tyre firms, which saw a better June quarter due to a 30% fall in international prices of rubber since May, are in for a jolt as top three global producers of the resource are set to curtail production to boost prices.
Thailand, Malaysia...
Cartel Pushes Up Price of Rubber
Raw rubber latex is collected in bowls. The surplus of rubber will probably widen to 469,000 tons this year and to 566,000 tons in 2013 from 50,000 tons in 2011, before falling to 194,000 tons in 2014 as price declines curb growth in supplies,...
Tyre grade rubber rises on support moves, doubts linger
* Tyre grade rubber jumps more than 5 percent
* Producers to cut exports by 300,000 T this year
* Market awaits details such as buying mechanism, compensation (Adds more reaction, background)
By Lewa Pardomuan
SINGAPORE, Aug 17 (Reuters) –...
Rubber rises from 3 year low amid debate on export cap
BANGKOK: Rubber rallied from the lowest level in almost three years before a meeting of the world’s top three producers to consider export cuts. January-delivery rubber gained 0.9% to end at 209.5 yen a kilogram ($2,654 a tonne) on the...
IRCo – Rubber Market Watch: 6 – 10 August, 2012
By Yium Tavarolit
The Movements of Global Stocks, Finance and Energy
Weak Chinese trade data in July, especially the export increases of just 1.0% against the import increases of 4.7% and the sharp fall in trade surplus to US$25.1 billion in...
The world: in the first half profit increase tire manufacturers are still worried about decline in sales
According to French media reports, the Japanese tire manufacturer Bridgestone (Bridgestone) at August 7, 2012, the company announced its financial data in the first half of the year. In the meantime, Bridgestone net profit of 750 million euros,...
Rubber Market Poised For Third Surplus In 2013, RCMA Forecasts
Global natural-rubber supply will exceed demand for a third straight year in 2013 and the price of the commodity used to make tires and gloves is set to extend declines, according to RCMA Commodities Asia Group.
Production will exceed usage...
Bridgestone increasing truck/bus production in Poland
Tokyo, Japan – Bridgestone announced that its subsidiary in Poland, Bridgestone Stargard, has decided to increase production capacity of truck and bus radial tires (TBR). The total investment will be approximately EUR 120 million (approximately...
Tyre firms pick up on falling rubber prices
Shares of tyre firms, including MRF Ltd, Apollo Tyres Ltd, JK Tyre and Industries Ltd and Ceat Ltd, have rallied on the back of price hikes. They have risen 6-7% in the past week on news of price hikes in the after-sales market—more so when...
