The present slight breather in global NR market is, of course, a welcome relief though it can in no way be considered as the beginning of a boom. All indications are that the market will be balanced in the medium term and price volatility may continue till the turn of the decade when prices are likely to surge thanks to healthy market fundamentals.
Natural rubber market is currently going through an unpredictable phase with fundamentals being overtaken by a host of external factors in influencing the price. The global natural rubber (NR) prices spurted during August, influenced by external factors. The Korean crisis and the rise in crude oil prices pushed up NR market while higher Chinese demand also played a part in raising international price.
“Apart from the market fundamentals in NR, physical NR prices were also influenced by other external factors such as development in the oil industry, inventories in regional futures markets, strength in currency and other global events such as nuclear threat by North Korea,” says Association of NR Producing Countries (ANRPC).
The Singapore-based International Rubber Study Group (IRSG) also endorses the influence of external factors in NR price movements. “Natural rubber prices saw signs of strengthening through July, but continuing uncertainty in the rebalancing of the oil market caused price swings to continue in commodities market in general in Q3. Despite inventory draw-down and continuing automobile growth in China, market sentiments on soft rubber consumption, signalling a cool down in China’s automotive growth, supported the bearish trends in NR prices through Q3,” says the latest IRSG News Letter.
Indications of consolidation
The current natural rubber price is not reflective of the economic fundamentals, observes the International Tripartite Rubber Council (ITRC) and International Rubber Consortium (IRCo).
Denne historien er fra September - October 2017-utgaven av Rubber Asia.
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Denne historien er fra September - October 2017-utgaven av Rubber Asia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
EVS: What's In Store For Rubber Auto Components?
Evs are going to rule our roads sooner or later. The crucial question here is: How far will this affect the rubber auto components sector? Though there are no clear estimations of the impact of EVs on the auto components industry, indications are that innovative and light-weight rubber and plastic components will have immense scope in the EV era.
TECHNOLOGY IS DISRUPTING TRUCK TIRE MAINTENANCE
Companies that adopt disruptive technologies like Cloud-based, TPMS 2.0 systems position themselves to be extremely successful in a fastchanging and highly-competitive environment by utilizing the data and visibility this technology provides to optimize tire performance and maintenance and expedite operations.
SLOWDOWN HAS NO IMPACT ON AUTO RUBBER COMPONENT INDUSTRY
FROST & SULLIVAN EXECUTIVES
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GB Group has been a leading innovator, manufacturer and supplier of rubber molded, rubber to metal bonded and sealing products for automotive and industrial applications for over three decades. With experience and foresight of more than 37 years with GB rubber products, GB Gummi LLP is a strategical move of entering into the rubber compounding business with its expertise in the manufacturing of rubber products, realizing the growing demand for the high-quality rubber compound. In an interview with Rubber Asia, Aditya Gupta, CEO of the company, says that GB Gummi LLP is poised to make significant strides in the global rubber compounding market. According to him, the company will closely monitor the current and future demands of the automotive industry. “As far as compounding is concerned, we are future-ready in terms of recipes and production capabilities for any form of industry,” he adds. EXCERPTS:
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HOW OLD IS TOO OLD?
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FOR WIDENING SKILLING REACH RSDC & NSKFDC JOIN HANDS
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EFFICIENCIES & SURVIVAL
What other low hanging fruit is available to the modern transport operator that compares with the savings that can be generated by real time monitoring of tyres? Give the humble tyre that supports the loads you impose the only thing it requires to perform for your gain -- the appropriate level of inflation. It is only air, it costs little and provides far greater returns than any other “improvement”
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APOLLO TYRES JOINS WITH GARC FOR FIRST TYRE TEST TRACK IN INDIA
This test track will be used for testing wet grip of tyres as per standard specifications
