Fadillah: Cooperation with China to boost M'sian rubber industry

Sept 22: AFR 10 November to January /December arrival offer - US$1370-US$1390/mt CIF RDAM/HH Sept 22: AFR 10 December offer - US$1330/mt FOB IVC Sept 22: SIR 20 November offer - US$1430/mt FOB BEL SBY Sept 22: SIR 20 November trade - US$1425-US$1435/mt FOB BEL SBY Sept 22: SIR 20 November bid - US$1425/mt FOB BEL SBY Sept 22: Indonesian cup lump trade - IDR 19,500/kg ex-works Sept 22: SMR 20 November offer - US$1495-US$1510/mt FOB Klang/Png Sept 22: STR 20 December offer - US$1495-US$1500/mt FOB BKK LCM Sept 22: Thai cup lump trade - TBH 42-TBH 43/kg ex-works Sept 21: AFR 10 December offer - US$1285/mt CIF EU Sept 21: SMR 20 November trade - US$1420/mt FOB KLANG/PNG Sept 21: SVR 10 November trade - US$1380/mt FOB HCM Sept 21: SIR 20 November/December trade - US$1405-US$1415/mt FOB BEL SBY Sept 21: SVR 10 November offer - US$1410/mt FOB HCM Sept 21: STR 20 Mixture December offer - US$1450-US$1460/mt CIF China Sept 20: SIR 20 November trade - US$1415-US$1425/mt FOB BEL SBY Sept 20: AFR 10 November to January arrival offer - US$1390-US$1400/mt CIF RDAM/HH Sept 20: SIR 20 November bid - US$1415-US$1425/mt FOB BEL SBY Sept 20: SVR 10 October/November offer - US$1420/mt FOB HCM Sept 20: STR 20 December offer - US$1480-US$1490/mt FOB BKK LCM Sept 19: AFR 10 November/December arrival offer - US$1400-US$1410/mt CIF RDAM/HH Sept 19: SIR 20 November trade - US$1415-US$1425/mt FOB BEL SBY Sept 19: SIR 20 November offer - US$1430/mt FOB BEL SBY Sept 19: SIR 20 November bid - US$1420/mt FOB BEL SBY Sept 19: SVR 10 October/November offer - US$1430/mt FOB HCM Sept 19: SMR 20 October offer - US$1475/mt CIF China Sept 19: STR 20 November/December offer - US$1480/mt FOB BKK LCM Sept 18: AFR 10 November trade - US$1290/mt CIF China Sept 18: AFR 10 November to January arrival offer - US$1400-US$1410/mt CIF RDAM/HH Sept 18: AFR 10 December offer - US$1350/mt CIF China Sept 18: Vietnam 3L November offer - US$1435-US$1445/mt CIF China Sept 18: SVR 10 November offer - US$1335-US$1345/mt CIF China Sept 18: SMR 20 Mixture December bid - US$1435/mt CIF China Sept 18: SIR 20 November trade - US$1420/mt FOB BEL SBY Sept 18: SIR 20 November bid - US$1420/mt FOB BEL SBY Sept 18: Thai RSS October offer - US$1590-US$1640/mt CIF China Sept 18: STR 20 Mixture October offer - US$1450-US$1460/mt CIF China Sept 18: Thai cup lump trade - THB 42-THB 43/kg ex-works

19 Sep 2023, 13:41 PM SGT

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KUALA LUMPUR (Sept 19): The country's rubber industry is expected to soar in the coming years, following the strengthening of cooperation with China in the field of commodities.

Deputy Prime Minister Datuk Seri Fadillah Yusof said Prime Minister Datuk Seri Anwar Ibrahim's visit to China on Sunday opened up opportunities for increased cooperation in the field of commodities and agriculture-based industries, including rubber, palm oil, biodiesel, and access for Malaysian agricultural products to the Chinese market.

Following that, Fadillah, who is also the plantation and commodities minister, said the ministry is also planning to hold a mission to China to discuss cooperation in areas that can be developed.

"If you look at it, in terms of rubber, we can focus on the products we produce that are used in the construction industry, which are products that can ensure that the buildings can withstand earthquake tremors, for example," he said after officiating at the Malaysian Rubber Board Technology Day (LGM) 2023 here.

Fadillah also said LGM had collaborated with the Tun Abdul Razak Research Centre (TARRC) to produce a solid technology based on seismic rubber-bearing products to deal with structural movement due to temperature changes, or protection from tremors due to earthquakes.

He noted that among the structures in Malaysia that were built using seismic rubber bearings were the Penang Second Bridge, the Hevea Malaysia Academy building in Langkawi, and the Malaysian Palm Oil Board building in Lahad Datu, Sabah.

LGM and the TARRC also successfully developed NaturalFR. Rubber products produced using NaturalFR compounds have flame-retardant, low-smoke and low-toxicity properties, and have been used in the door entrances of several railway stations in the UK.

The same council also witnessed the exchange of two agreements, namely a memorandum of agreement between LGM and Jupiter Solution, Natrab MFBI Enterprise and the Malaysian Rubber Council (MRC), as well as a commercialisation cooperation agreement between LGM and the MRC to promote LGM's innovations at home and abroad.

Source: https://theedgemalaysia.com