Goodyear posts highest Q1 revenue in a decade
The Goodyear Tire and Rubber Company’s net sales have grown by 40pc in the first quarter of this year compared to the first quarter of 2021 driven by the Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses.
19 May 2022
Malaysian border reopening providing support to rubber industry
Standard Malaysian Rubber (SMR) 20 prices trended downwards by approximately 7.6pc for the first two weeks in May 2022, as per Helixtap data. Market intelligence data collected by Helixtap suggests that the SMR 20 price in the middle of the month was around USD$1,675/t, the lowest since the start of this year. Such a trend was largely due to a drop in demand from China after lockdowns were announced in Shanghai due to their zero Covid policy.
18 May 2022
More natural rubber production to come from Africa
In Africa’s quest for a greater share in global natural rubber production, Ghana has launched an 826-acre rubber cultivation project, its biggest initiative so far.
17 May 2022
Indian natural rubber prices post good recovery with production costs increasing
The rubber and rubber latex prices have made a good recovery from the fall last month-end, in view of a shortage of both commodities amid better demand.
10 May 2022
India rubber production hits a decade high
Provisional Indian natural rubber production reached a decade high at 775,000 tons in fiscal 2022 (April 2021 to March 2022), while the consumption rose to a record of 1.23 million tons, necessitating more imports.
10 May 2022
Tire retreading gaining traction
Major tire makers are pushing for tire retreading with improvisations like customized retreading rather than rolling out more new tires in an attempt to lower cost and dependency on natural rubber.
06 May 2022
Indian tire exports script phenomenal leap
Indian tire exports have made an impressive surge of 55% in the ten months leading to January 2022 compared to the same period last year due to a slowdown in the domestic tire replacement market and favorable global market conditions pre-Ukraine war.
06 May 2022
Cambodia rubber exports on an uptick
Cambodia's export of rubber and rubber products has zoomed past US$117 million in Q1 2022, up 6.9% year on year, owing to a surge in international rubber latex demand. Despite sluggish domestic demand and spiraling production, rubber latex exports clocked a growth of 10.9% to US$103 million in Q1 2022.
29 Apr 2022
Bearish demand dominates Malaysian rubber outlook
Already plagued by months of extreme volatility, the Malaysian rubber market is likely to witness further weakness amid the daily turmoil brought on by rising Covid cases in China and the conflict in Ukraine as Standard Malaysian Rubber (SMR) 20 prices saw a drop of around 2.7% over April, as per Helixtap data.
28 Apr 2022
ANRPC floats SPM yet again, experts not optimistic
The Association of Natural Rubber Producing Countries (ANRPC) is yet again bidding to establish a Sustainable Price Mechanism (SPM) for natural rubber among member countries to insulate producers from price falls. However, some market experts are doubtful if all the market players would be willing to accept a set pricing mechanism for spot trading.
26 Apr 2022
India eyes doubling rubber production by 2030
India has hit on two projects to double its rubber production area from the current 800,000 hectares by 2030 in a bid to cut its rubber import bill of INR 5000 crore (US$ 653 million) and be self-reliant.
22 Apr 2022
China lockdown cuts deeper into rubber prices than Russia-Ukraine conflict
The rubber market is witnessing a larger fallout in the spot prices and demand, with China on lockdown for almost a month compared to the demand challenges posed by Russia’s invasion of Ukraine, leading to a cut back in some auto production in Europe.
21 Apr 2022
Indian natural rubber prices slide
Indian natural rubber prices are on a downward spiral with a bevy of factors working against the producers. Meanwhile, a positive production outlook with an uptick in tire production could fuel some optimism for the Indian rubber prices in the coming weeks.
19 Apr 2022
China lockdown-induced chip shortage hits auto industry hard
The latest Covid surge and stringent lockdowns in China had aggravated the semiconductor shortage, hitting the global automotive sector hard when the demand remained robust. China, the leading producer of semiconductor chips globally, produced 359.4 billion Integrated Circuits (ICs) in 2021, up 33.3% year on year, but now struggles to keep the ball rolling in the wake of the supply-chain disruptions.
14 Apr 2022
ELT promises to replace sand in constructions
The US$ 4.5 billion end-of-life tire (ELT) management market is in for a giant leap along with the over US$12 trillion global construction industry as the tire industry finds an alternative in shredded rubber particles using ELT to replace sand in concrete to close the sustainability loop.
14 Apr 2022
Rubber supply chain jitters grow with China’s “Zero-Covid” policy
As extended lockdowns in China show no sign of abating soon, the inland-logistics jitters continue to grow, gridlocking the transportation in the country with a ripple effect on the spot rubber demand and prices.
12 Apr 2022
Passenger car sales boom boosts Indian tire demand
The passenger car segment is leading the Indian tire production surge, banking on the post-pandemic rebound in economic activities and augmented auto sales, pandemic setback.
07 Apr 2022
Climate change unsettles Indian rubber farmers
Climate change, in the form of an extended southwest monsoon, disrupted Indian rubber production. However, as the small farmers made a late comeback, the big producers were seen grappling with poor yield.
05 Apr 2022
African rubber might gain ground in western market with Suez Canal surcharge hike
African rubber is likely to gain traction in the US, and the European market over Asian rubber as Suez Canal Authority (SCA) increased the canal tolls from May 01, 2022, for "Containerships" transiting in the northbound direction. The move came as a blow, especially for the Asian rubber industry, adding to the cost while China's COVID-19 lockdown and tire manufacturers' closure of Eastern Europe factories weighed on demand and supply chain.
04 Apr 2022
Yokohama beefs up commercial tire segment with acquisition
To widen its presence in the commercial tire segment, Japanese Yokohama Rubber Co. Ltd. announced the acquisition of Sweden-based Trelleborg Wheel Systems (TWS) for about US$ 2.31 billion, on March 25, 2022.
04 Apr 2022
FLASH - Suez Canal surcharge hike a blow for Asian rubber
A hike in the Suez Canal surcharge from May 01, 2022, announced by the Suez Canal Authority, came as a blow to the rubber industry. The announcement added another layer of complexity as the cost of moving goods including rubber which relies on container ships would see a jump further weighing on the demand which is under duress due to China’s COVID-19 lockdown and tire manufacturers' closure of Eastern Europe factories and a disrupted supply chain.
01 Apr 2022
Renewed risks on global supply chain as China locks down
An extensive lockdown in Shanghai reignited the concerns in the rubber industry for a renewed disruption to global supply chains, which is already under duress by the pandemic and the Russia-Ukraine conflict.
31 Mar 2022
Supply chain woes plague US tire makers
ASEAN reliant US rubber buyers are witnessing a setback as an aftermath of the ongoing Russia and Ukraine conflict. The supply chain disruptions, compounded by shipping container shortages, have thrown the end-users of natural rubber, especially the tire manufacturers, into a tailspin.
29 Mar 2022
Supply chain snags seen stretching through 2022 – Is rubber in trouble?
A multitude of shocks caused by disruptive events ranging from the Covid-19 pandemic to geopolitics, with the ongoing war in Ukraine, has put the global supply chain in a fragile spot. Moreover, given ASEAN-dominated rubber production, the supply chain snags have caused backups in the outflows weighing demand and prices.
28 Mar 2022
New Indian rubber Bill triggers apprehension, might weigh on producers
The Indian government's move to introduce new rubber legislation to update the functioning of the domestic rubber industry and the rubber board triggered apprehensions among market participants and experts as it might undermine the position of the farmers and the Rubber Board.
25 Mar 2022
Malaysian rubber production & exports rebound in Jan
The Malaysian rubber market rebounded in January 2022, supported by an uptick in global manufacturing activities, some global rubber supply shortage, surging crude prices, and a weak ringgit against the US dollar.
24 Mar 2022
The impact of the Russian invasion of Ukraine on rubber prices
The impact of the Russian invasion of Ukraine on rubber prices
22 Mar 2022
Indian NR prices get the oil push
The rally in crude oil prices rippled across the Indian natural rubber market as prices rose around 3% in March despite the elevated inventory levels owing to higher imports in November and December 2022.
21 Mar 2022
Malaysian rubber glove demand set to see a boost
The rubber glove market witnessed an uptick in demand amid the recent Covid-19 outbreak in China, close on the heels of the Russia-Ukraine conflict and endemic globally, which drove down the demand.
18 Mar 2022
Synthetic rubber market in wait and watch mode
Uncertainty looms large over the synthetic rubber market amid highly volatile global crude oil prices in the wake of the Ukrainian war. As a result, stakeholders in the synthetic rubber and downstream tire markets kept their fingers crossed on the supply-demand equation and the prices of their products amid rising inflationary pressures across economies triggered by oil price hikes.
16 Mar 2022
Rough waters for rubber producers amid tire plant shutdowns and sanctions
The magnitude of the impact of the recent production cutback announcements by some tire majors on spot rubber demand and prices rattled the producers as they struggled to balance the cash flow and production amid tightening sanctions resulting from the Russia-Ukraine conflict.
15 Mar 2022
Indian tire firms face a hostile turf
Major players in the Indian tire industry are in for tough times with a host of factors, including a hefty fine from the Competition Commission of India (CCI) for alleged cartelization and higher input cost along with weak demand, throwing a spanner in their works.
08 Mar 2022
UPDATE: Asian rubber sees limited impact of Singapore’s sanction on Russia
Recent unprecedented Singapore sanction on Russia which does not include rubber or rubber-related items is likely to have a limited impact on the Asian rubber industry. However, the recent extension of sanctions on Belarus has cautioned the sellers as they sought more clarity on the situation and the way forward, sources said Helixtap.
04 Mar 2022
Thai rubber producers caught in the mix of new world order
Pandemic, climate changes, floods, and geopolitics have taken over the baton from market fundamentals to be the key price drivers since 2020, and 2022 seems to be following the trend. Disrupted supply chains, sanctions on Russia, and unpredictable weather have put Thai rubber producers and buyers in a spot lately.
03 Mar 2022
Weather and pandemic cap Indian rubber production growth for 2021
India is set to witness a marginal rise in rubber production in the financial year of 2021 (April 2021- March 2022) over 2020 owing to unpredictable weather and Omicron-driven demand slowdown.
01 Mar 2022
What Happens to Rubber Prices when Russia fully invades Ukraine?
Geopolitical developments and position jostling have resulted in a tense military situation between Russia, Ukraine, and the Western World.
24 Feb 2022
Week's Roundup of Price Range [Indonesia]
100% DRC Rubber against finished SIR20 product
22 Feb 2022
Podcast - Are we really at the brink of a rubber supercycle? [16 Mins]
Chairman and Co-Founder of Helixtap Technologies, Brian Miller, discusses the factors driving physical rubber prices higher - inflation, rising freight costs, labour shortages, and so on. Tune in to find out if we really are at the brink of a rubber supercycle!
21 Feb 2022
Thai producers struggle to keep heads above water
The recent spurt in the raw material prices came as a bane for the Thai rubber producers as they struggle to endure squeezing margins amid flailing demand leaving little room to play around with spot prices.
21 Feb 2022
Malaysian production drop, hotter weather promises tighter supply
Standard Malaysian Rubber (SMR) 20 prices may be edging back toward the $1900 level by later this month as 2021 domestic rubber production drop and hot weather over the days ahead could tighten supply. Over the past week, SMR 20 prices in the physical market rose by around 4%, with offers reaching briefly at US$1880/mt FOB Klang/, data from Helixtap shows.
14 Feb 2022
Is rubber entering a supercycle?
With inflation surging at a record-breaking pace worldwide, it's no surprise that commodities have turned out as one of the hottest assets of 2022, with rubber as no exception. However, the situation has sparked a debate on the sustainability of the hike in rubber prices and how it will affect the physical market.
10 Feb 2022
High premium prices weigh on LTC volume for Indo rubber
Low long-term contract volume booking for Indonesian rubber due to higher offers led to a supply glut compelling the Indo producers to match buyers’ expectations reversing the premium for spot prices with Thai rubber, sources said Helixtap.
27 Jan 2022
Thai rubber exports rebound in October
Thailand clocked around 9.4% month-on-month rise in natural rubber exports (including compound rubber) in October 2021 to 421,221.37, up from 385,087.09 tons in September 2021, primarily driven by the demand from some major international tire manufacturers, as per the data published by the Thai Rubber Association.
24 Jan 2022
Drop-in smallholders’ contribution impacts Malaysia’s November rubber production
Malaysian rubber industry took a massive hit on production, posting a yearly drop of 26.8 % in November amid a decline in the contribution of smallholders owing to rain driven supply disruptions, as per the data published by the Department of Statistics Malaysia (DOSM) on January 14, 2022.
17 Jan 2022
Early wintering or shipment delays – what’s driving STR prices
Reports of early wintering and some shipment delays nudged the Thai processed rubber prices, narrowing the spread between Indonesian processed rubber by around 70% in the first week of January 2022.
12 Jan 2022
Consumer vs Supplier: race to rubber sustainability
Over the last decade, the natural rubber industry has come under increasing pressure to be environmentally responsible since the 2015 Paris Agreement, which was again underscored after COP 26. The pressure is mounting on all sides, be it the consumers or the suppliers.
17 Dec 2021
Out-of-kilter futures put LTC benchmark in question
The widening spread between the long-term contract price level and the physical market price, underscores the delink between the benchmark used in the negotiations and the actual market level, a factor that will influence the costs for both buyers and sellers in 2022.
26 Nov 2021
Malaysian rubber struggles: Labour shortage, production drop, import bans
Labour shortage struck Malaysian rubber industry takes a hit on production posting a yearly drop of 10% in September after some of the major glove producers faced import bans in the US over poor labour practices.
16 Nov 2021
Expectation vs. reality: Is rubber industry moving towards a supply deficit in long term?
For much of the past 5 years, the rubber economy has struggled with overproduction. With the global economy reviving from the pandemic-driven slowdown, the Association of Natural Rubber Producing Countries (ANRPC) is anticipating a rubber supply deficit in the next couple of years. However, slower than expected revival of the automotive sector due to chip shortage could disrupt the market dynamics.
12 Nov 2021
Inflation Risks Triggers Anxiety as Supply Constraints Persist
Higher commodity prices fanned global inflation following the surge in demand post easing of Covid-19 has jeopardized the rubber market as it continued to confront supply bottlenecks and rising energy prices.
12 Nov 2021
Thai-rubber exports continue to grow in August
Thailand clocked a 15.5% month on month rise in natural rubber exports (including compound rubber), in August 2021 to 394,264.92 tons, up from 354,740.51 tons in July 2021, primarily driven by the demand from India and some major international tire manufacturers, as per the data published by the Thai Rubber Association.
21 Oct 2021
China's speculative buying sends rubber market reeling
Some speculative buying from China muddled up the rubber market dynamics as the market nears the long-term contract negotiation ensuing spike in the rubber spot prices, promoting the sellers to up their offers by around $70/mt despite limited demand.
20 Oct 2021
Malaysian August rubber production drops despite increased demand
Malaysian rubber production dropped 11.7% in August, 42,942 tons from 48,610 tons in July owing to persistent rains and pandemic-driven production disruption, as per the data published by the Department of Statistics, Malaysia. Meanwhile, both domestic consumption and exports saw a surge during the month.
19 Oct 2021
Tires companies opt for alternative freight options
In an attempt to dodge massive delays in shipments, a few tire companies opted for alternative freight options to ship in rubber to keep the supply chain undisrupted. Meanwhile, it’s a double whammy for the producers and processors as they struggled to find containers for ready-made shipments while dealing with problems in cash flow.
08 Oct 2021
Rubber industry grapples with aftershock of China’s crackdown
The crackdown on power consumption coupled with the crisis of Evergrande Group looms large over the demand for natural rubber in China as the industrial manufacturing sector of the country faces a setback.
07 Oct 2021
Indonesian processors seek answers in Thai rubber, but supplies limited
Thai rubber demand and prices are booming as the Indonesian processors join the buyers’ queue, but heavy rains have completely disrupted the supply chain limiting availability.
04 Oct 2021
Malaysia clocks marginal increase in rubber exports in July
Malaysian rubber exports posted a marginal month-on-month rise of 0.1% in July to 48,645 tons in July 2021 against 48,589 tons in June 2021, owing to a slowdown in imports from China, as per the data published by the Department of Statistics, Malaysia.
23 Sep 2021
ANRPC ups demand forecast but challenges from external factors remain
Association of Natural Rubber Producing Countries (ANRPC) revised its demand forecast to 14.1 million tons, up from 13.7 million tons for 2021 anticipating better demand from the Asian market lead by China and India. However, a combination of increasing global Covid cases and a disrupted supply chain could dampen the market confidence.
22 Sep 2021
Wipolimex buys Bangkinang’s factory at US$3.5 million
PT Wipolimex Raya, a mid-sized rubber producer in Indonesia, acquires the New Fountain factory of P&P Bangkinang(SCQ) at US$3.5 million, on September 15, 2021.
20 Sep 2021
Setting ground for African rubber industry to grow
With the growing demand for African rubber in the Asian market, the Ivory Coast government has set up a new law this week to process all rubber produced from the country before exports, as per the industry reports.
17 Sep 2021
Rubber Industry Struggles with Disrupted Supply Chain
The rubber supply chain seems to be grappling under the pressure of regular disruption in production coupled with soaring freight rates as both buyers are sellers struggle to maintain the status quo.
15 Sep 2021
SIR vs STR: pandemic-driven supply disruption fuels rivalry
Indonesian natural rubber sees a surge in buying interest compared to Thai natural rubber for the same Technically Specified Rubber (TSR) 20 grade despite higher price as Thailand struggled with
10 Sep 2021
Coaltrans: Asia prices to head south in H2 2017 on supply overhang, weak demand - Noble
Bali — Asia seaborne thermal coal prices are likely to continue to trek south in the second half of this year, as the market works through a supply overhang and bearish Chinese import demand, according to Noble Group.
09 Sep 2021
Taiwan Taipower's move to buy more Indonesian thermal coal hits suppliers amid tightness
Taiwanese utility Taiwan Power Company, or Taipower, has exercised its option to procure additional thermal coal cargoes this year under existing contracts, leaving Indonesian suppliers gasping amid supply tightness and a significant rise in prices in recent months, sources said this week.
09 Sep 2021