The tyre maker slashes down its use of rubber by 2.6% this year though December as demand in the US will be slower than forecast, according to an analyst.
The agreement of curbing rubber exports has since effected insignificant impact on global rubber prices.
Experts said that the price gaps in the rubber market are currently too wide and volatile.
Consumer tyres market was down by 12%,. according to ETRMA.
Italian firm Versalis (Eni) and US-based Genomatica are to jointly develop and license a technology for bio-based butadiene from non-food biomass, with Versalis providing US$20 million funding
Global market volume for carbon black is to increase by more than 3.1 million tonnes until 2019, says German research consultancy Ceresana in its latest report on the industry sector.
THE emergence of the bird flu virus strain, H7N9 in China has surged demand for examination gloves, benefiting the global rubber gloves industry, report said.
The world’s second-biggest rubber producer, will be spearheading a review proposal of the supply management deal ,which is seemingly a poorly supervised mechanism, according to the Indonesian Rubber Association.
Entitled, “Solution Styrene Butadiene Rubber (S-SBR) Market for Tire, Polymer Modification, Footwear & Others
The Bangkok-based Toyo Tire (Thailand) Co. Ltd. (TTT) will oversee original equipment (OE) and passenger vehicle aftermarket tyre sales with local sales channels, scheduled to begin in April and July, respectively.