Asia styrene butadiene rubber (SBR) prices are likely to weaken further in January 2015 because of ample supply, waning demand and plunging crude and feedstock costs, market sources said on Wednesday. A slowing Chinese economy, abundant supply and waning demand…
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Indian NR imports increased in November
India’s natural rubber imports in November jumped 19 per cent to 33,156 tonnes from a year earlier, the state-run Rubber Board said, as a drop in local output and lower prices in the world market prompted tyre makers to increase…
CEAT introduces Gripp MX tyres
With the community of motorsport professionals and enthusiasts sharply rising in India, CEAT is optimistic about its new offering. The new range of tyres is called Gripp MX and it’s specifically designed for motorsport. At the announcement of the launch…
Hankook reveals new futuristic tyre concepts
Hankook Tire just showed off the results of its Design Innovation Project, a bi-annual daydream challenge to come up with the wildest, most futuristic tyre concepts imaginable. This year’s winners are amazingly sci-fi: Morphing, transforming tyres that change with the…
Natural rubber output in India dropped further
The long-running problem of drooping natural rubber output continues. October–January is the peak season for production in India but output in November for the RSS-4 grade was 64,000 tonnes, against 85,300 tonnes in the same month of 2013. According to…
Tyre price gap closing between Canada and US
Some Ontario tyre dealerships have dropped their prices this year, closing the price gap between Canada and the US Canada-US price gap complaints could trigger investigations Cheap US tyres on Canadians’ holiday shopping lists Some dealers say manufactures are to…
TechSci reports Saudi Arabia tyre market to boost
According to the recently released TechSci Research report, “Saudi Arabia Tyre Market Forecast & Opportunities, 2019”, tyre market in Saudi Arabia is forecast to grow at a CAGR of 17.19% in value terms during 2014-19. Prominent factors driving the market…
Faster product delivery as Nynas launches Singapore hub
Specialty oils provider Nynas recently launched a hub in Singapore, making it faster to deliver its naphthenic specialty oils to customers and increasing their availability in the Asia Pacific region. Now, customers in Shanghai, Indonesia, Thailand and surrounding countries can…
Top Glove reports revenue decline in Q1
Top Glove Corporation Bhd’s earnings fell 3.1% to RM48.68mil in the first quarter ended Nov 30, 2014 from RM50.27mil a year ago due to an increase in natural gas and electricity prices, together with their knock-on inflationary effects. The world’s…
Malaysia reports NR exports upsurge
Malaysia’s natural rubber (NR) exports in October 2104 rose 0.5 per cent, or 260 tonnes, to 54,723 tonnes compared with September 2014, the Statistics Department said. In a statement today, the department said, however, on a year-on-year (y-o-y) basis, the…