The three NR producing countries account for nearly 65% of the global NR output. Despite of this clout, the council has not established a futures market that can provide basic price discovery and hedging functions, and thereby has to rely on third party exchanges.
Category: Top News
Global rubber revenue to reach US$56 billion in 2020 – Ceresana
Rubber products have been an integral part of everyday products and are indispensable in the industrial sector. There are various application areas for different types of rubber that cover segments like tyres, shoe soles as well as dampening and insulating elements.
Gloves paired with outbreaks of diseases
The market share for gloves has increased , with sales going up in the wake of a new strain of the H9N7 avian flu outbreak in China, reviving fears among the public of a new epidemic , only a decade after the SARS outbreak.
Lanxess: Auto market remains challenging
Shares in the firm dropped to a two-month low as the company said it was mired in weak car markets that showed no sign of recovery.
Performance Additives focuses on renewable technology
The firm’s CEO Michael E. Wolers says that the company is committed and always pushing for Green Packaging and Recycling.
Insufficient demand does not curb rubber glut, says analyst
The increasing global car production triggering rising demand for tyres does not curb the glut caused by farmers expanding output by 18% in three years after prices more than doubled since the end of 2008.
Taiwan’s major tyre firms to upscale output
Stable raw material prices, natural rubber and synthetic rubber costs are expected to remain low this year and manufacturers benefiting from the cost savings.
Mediobanca to sell off equity in Pirelli?
The Milan-based bank will present a new business plan to focus on its banking business and break with years of meddling in Italy’s top corporate developments.
Indian rubber exporters subject to US anti-piracy law
As per the law, “the US buyers/importers are prevented from buying any product manufactured out of pirated versions of software or hardware used anywhere in its systems.
Thailand to create fund for stabilising rubber price
The fund can procure 50,000 tonnes of rubber, which reports say is enough to sustain rubber price.