Indonesia’s major petrochemical producer PT Chandra Asri Petrochemical plans to begin construction of a Rp 5.6 trillion (US$435 million) synthetic-rubber plant in Cilegon, Banten, early next year to take advantage of growing tyre demand both at home and in other…
Category: Pan-Asia
South and East Asia rubber news
Vietnam, Thailand, Malaysia and Indonesia join forces
The Bangkok Post reports, “Vietnam has agreed to join Thailand, Malaysia and Indonesia in a regional trading network aimed at shoring up rubber prices. Vietnamese Agriculture and Rural Development Minister Cao Duc Phat told visiting Agriculture and Agricultural Cooperatives Minister…
India extends anti-dumping duty for tyre presses
India has extended its anti-dumping duty on tyre curing presses—except certain presses for curing bicycle tyres—originating in or exported from China, according to a March 3 notification by the department of revenue at India’s ministry of finance. This preliminary decision…
Singapore Exchange in early talks for regional rubber bourse
The Singapore Exchange (SGX) is in preliminary talks to be part of a Southeast Asian rubber exchange that would bring together the top three producing nations, industry sources said on Tuesday. SGX held a meeting late last month with the…
Major ASEAN rubber producing countries reaffirmed ties
A meeting amongst the major producing countries of natural rubber (NR) from the ASEAN region was held on 26 February 2015 in Bandung, Indonesia. 2The meeting was attended by senior officials of the International Tripartite Rubber Council (ITRC) member countries…
India’s natural rubber import to reach 18 %
India’s natural rubber imports could rise nearly 18 percent to a record 500,000 tonnes in the next financial year, buoyed by rising local consumption and lower prices overseas, industry officials said on Wednesday. Higher imports by the world’s second-biggest consumer…
Malaysian rubber market to trade higher
The Malaysian rubber market is likely to trend higher next week on anticipated higher demand for the commodity. For the week just-ended, rubber prices were traded mostly higher supported by Chinese traders who entered the market after a long break…
India’s rubber sector remains vigilant on duty hike plea
According to reports, the woes of India’s rubber sector have not been addressed accordingly at the Union Budget, thus, it continues to struggle under drooping prices. The finished rubber products segment, including tyre companies, were seeking duty reliefs to face…
Thailand optimistic rubber price will increase in mid-May
Thai Deputy Agriculture Minister Amnuay Patise is confident that rubber sheets from the newly-harvested crops expected in mid-May will fetch between 65-75 baht per kilogramme and the prices will steadily improve afterward. He attributed the good price prospect for rubber to…
Rubber price slides; Indian government steps in
Chief Minister Oommen Chandy has said that the government would soon take steps to check the slide in rubber price. A press note issued by the Chief Minister’s Office, after discussions between Mr. Chandy and rubber dealers here on Wednesday…