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.
Nov 26, 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.
Nov 16, 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.
Nov 12, 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.
Nov 12, 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.
Oct 21, 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.
Oct 20, 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.
Oct 19, 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.
Oct 08, 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.
Oct 07, 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.
Oct 04, 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.
Sep 23, 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.
Sep 22, 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.
Sep 20, 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.
Sep 17, 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.
Sep 15, 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
Sep 10, 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.
Sep 09, 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.
Sep 09, 2021