The International Rubber Study Group (IRSG) has a new member in Hong Kong-based Caravel Group Ltd. – Caravel Group has three primary operating units, Caravel Asset Management, Caravel Maritime and Caravel Resources, that provide “leading maritime services, trading and logistics of dry bulk raw materials, investment management, and strategic asset ownership.”
With a member panel composed of many notable industry players, IRSG is recognised as the pre-eminent world authority on rubber statistics. IRSG’s main goal is to “improve the transparency of the world rubber market and strengthen the international cooperation on rubber issues,” in strategic and socially responsible ways.
Membership in the Singapore-based group includes producers, associations, processors, traders, financial institutions, tyre companies, research and development firms, logistics providers and general rubber goods makers across much of Asia, Russia and the European Union (EU).
Meanwhile, China will reportedly impose a “margin ratio” of between 12.5-222% on imports of EPDM from the US, South Korea and EU, after dumped EPDM imports were found to have caused “substantial injury” to domestic industries.
According to China’s commerce ministry, the measure follows a preliminary ruling in an anti-dumping investigation into supplies of the synthetic rubber from these countries/regions. It is set to take effect on October 28.