RUBBER inventories in China’s bonded warehouses dropped close to 3% in the past weeks as commercial banks refuse lending money to tyre makers forcing the latter to cut down imports and buy domestic stocks instead. Rubber at Qingdao has also…
Category: Pan-Asia
South and East Asia rubber news
Sumitomo Rubber posts drop in Q1 sales, earnings
SUMITOMO Rubber Industries Ltd. has reported sales and earnings slipped for the first quarter ended March 31. Operating income fell 6.5% to US$162.3 million in the first quarter. Sales also hit low at 1.8% to US$1.78 billion. Net income dropped…
Malaysian agricultural firm to develop rubber plantations in Cambodia
MALAYSIAN-based global agricultural and agri-commodities company, Felda Global Ventures Holdings Bhd (FGVH) will be developing rubber plantations in Cambodia as well as market its products including palm-oil based products in the country. These products will be marketed in Cambodia following…
Emrald Tyres joins upcoming Tyrexpo India
INDIAN tyres and wheels maker Emrald Tyres has confirmed its participation in the upcoming Tyrexpo India on 9-11 July at the Chennai Trade Centre. Chennai-based Emrald produces a complete range of tyres, tubes, rims and wheels for the materials handling…
India imports to rise as monsoon rains postpone tapping
THERE has been no rubber tapping in Kerala, India for more than two weeks because of monsoon rains, an industry official recently said. “Supply is extremely tight in the domestic markets as there’s been no production in the last 19…
EPDM prices to plunge further in Asia
ETHYLENE propylene diene monomer (EPDM) prices in Asia are likely to fall further with surplus stocks in Europe being offloaded into the region at cheaper prices, while demand in the key downstream automotive sector remains weak, industry sources said recently.…
Weak tyre production drags NR consumption
IN A REPORT, consumption for natural rubber (NR) fell 1.5% to 165,000 metric tonnes in the April-May period, compared to 167,000 metric tonnes during the same period last year, despite an increase of output to 112,000 metric tonnes or 1.2%…
Malaysian Rubber Board chairperson reappointed
INCUMBENT Malaysian Rubber Board (MRB) chair, Datuk Wira Ahmad Hamzah has been reappointed to his post, the Plantation Industries and Commodities Ministry announced. It is expected that the reappointment will enable Ahmad to provide continuity MRB’s implementation of strategies and…
Malaysian State smallholders to benefit from rubber board’s measures
THE SABAH Rubber Industry Board will be increasing the rubber hectarage of smallholders from the current 94,000 hectares to 130,000 hectares by 2020. Agriculture and Food Industry Minister Datuk Yahya Hussin also said in a statement that the board will…
Association sees Kerala NR sector likely to crash
THE ASSOCIATION of Planters of Kerala (APK) cautions that the natural rubber (NR) growing sector in the Indian state of Kerala is likely to slip into crisis due to frequent price drops and production cost hikes. Y Raghavan, Chairman of…