Kenanga Research says that demand for rubber gloves, with incline towards the nitrile-based ones, will be pegged at an annual average of 10%.
Rubber inventories in the warehouses monitored by the Shanghai Futures Exchange (SHFE) increased to 0.2% to 122137 tonnes.
In this interview with Shinichi Sato, President, Bridgestone Asia Pacific (BSAP), PRA learns more about the company’s environmental mission, plans for new facilities and tyre products, R&D work and its handling of the lack of truck tyre sales in China.
About 78% of vehicles were found to have underinflated tyres whilst over 25% had tyres that were worn beyond the legal limit.
According to the J.D. Power index study, the tyre maker has topped the overall satisfaction with 843 points, based on durability, handling and ride.
The expanding stockpiles allegedly signals the country’s easing demand for rubber at the wake of a slow economic growth.
Commerce and Industry Minister Anand Sharma has announced the increase after acknowledging what has been a “long-pending demand” of the Kerala government and its local cultivators for an import duty hike on rubber.
According to the report, major Asian tyre enterprises have been increasingly focusing on vertical expansions to buffer the impact of volatile prices of key raw materials, such as natural rubber , on the sector.
The current situation is a positive respite for Japanese synthetic rubber producers, who in recent years, had focused on the domestic market as the strong currency impeded their export edge.
US-based biobased chemicals maker Cobalt Technologies says it has entered into a strategic relationship with two prominent Asian chemical companies