Showing posts with label Rubber news. Show all posts
Showing posts with label Rubber news. Show all posts
Feb 8, 2010
In 2009 the world's supply of natural rubber fell 5.1%, planted area increased
January 25 news, natural rubber producing countries (ANRPC) Monday released a preliminary estimate shows that in 2009 the world's supply of natural rubber fell about 5.1%, as yields drop and adverse weather. In addition to China and Vietnam, all the main producing countries of the output is displayed as an average annual decline in 2009. However, Thailand in December, and Indonesia in November and 12 months of production data has not yet been. ANRPC said Thailand's rubber production during the period from January to November forecast for the same period in 2008 fell compared with 4%. Production in Indonesia from January to October fell 5.9% year on year. Malaysia's 2009 annual production fell 2%, India's production fell 7.3%. The global economic recession led to a drop in demand during the first half of 2009 also dealt a blow farmers to produce more rubber. Indonesia's natural rubber exports during the period from January to October fell 17%. China's rubber output in 2009 increased 18%, since the rebound after the 2008 drought, while Vietnam production increased by 9.7%. China's rubber output or increase the effective area of 25,000 hectares, 23,000 hectares in Vietnam to increase. The overall decline in global production was mainly due to decreased yields, although the effective area than the 2008 crop of 7 million hectares to 7.13 million expansion, with an average yield from 1,304 kg per hectare, down to 1,219 kg. Thailand's initial estimate of 2009 output fell 6.1%, due to an annual yield from 1,698 kg per hectare, down to 1,576 kg. Expand the area of natural rubber planting 21,000 hectares can not be completely offset the decline in yields. In Indonesia, the average annual rate from 994 kilograms per hectare, down to 937 kilograms. Planted area of about a slight increase of 1,000 hectares. Malaysia's natural rubber in 2009 an area of 20,000 hectares shrinking, yield from 1,411 kg per hectare, down to 1,128 kg. India's average annual production rate from 1,903 kg per hectare, down to 1,753 kg. A slight increase in rubber cultivation in 3,000 hectares.
India will not join the three rubber Council to control the supply of
India Rubber by the Secretary Sajen Peter said that although the country received the invitation, but it would not join the three rubber Council (ITRC) to take joint action to control the supply. India is the world's fourth largest natural rubber producer. India in 2009 produced a total of 817,000 tons of natural rubber, the export volume of 1.6 million tons, its three rubber Council (ITRC) of the impact will increase. India and China, together with the members of ITRC is the world's largest rubber producing countries ---- Association of Natural Rubber Producing Countries (ANRPC) a member of the organization's 2008 annual output accounts for 94% of the world. Indian rubber industry executives point out, ANRPC One of the main objectives is to improve the productivity of natural rubber, but it does not control the global market, supply of raw materials. Peter said that the world's fifth largest producer of natural rubber in Vietnam in January to join ---- ITRC may not bring the world's supply was reduced, because the majority of member states rely on small-scale rubber farmers, they are difficult to hold a long rubber. When the weak global demand in 2008 caused TOCOM rubber futures fell to around 100 yen per kilogram, when, ITRC to intervene and in 2009 to reduce 700,000 tons for export. Then the price gradually rose, but the result of an immediate impact is limited, because of Vietnam and other countries continue to export. Peter that the price of natural rubber will remain steady in the coming months may be higher, due to global supply shortages, but not Vietnam's accession to ITRC. In addition, the restrictions on the supply is not a good idea. ANRPC was in January, said in 2009 the world's natural rubber supply by about 5.1%, due to the low yield and bad weather.
Thailand's rubber industry will expand automobile tire market
House of Thai Industries, such as Sa Pa Vice-Chairman pointed out that Thailand is the world's largest rubber exporting countries, exports in 2010 will grow 10%, valued at 5,000 million baht. Court set a target of Thai Industries will work with Malaysia, Indonesia and Vietnam, competition, forecast the next 5 years to increase rubber exports to 8,000-9,000 million baht, will focus on enhancing the export value of Thailand's rubber exports of raw materials due to the current the proportion of 88%, only 12% of rubber processed products, export value totaled 1,500 million baht. Export of rubber and bakelite Payom Chairman of the Committee said that the next five years to increase rubber export processed the target is to raise the ratio of one-fold, from 12% to 24%, will promote the export value of rubber processed 1,600 since 2010 on the basis of 100 million baht to add a fold. To this end, Thailand will have the technology to draw foreign investors in the investment and rubber processing industry, such as the production of tires, many foreign companies are already stationed in Thailand, and in the future to attract more investors to enter. The current global annual demand for tires up to 1.1 billion, Thailand, only 2% of production tires, if they can effectively expand the market, will enable a substantial increase in rubber industry revenues. The Government must develop the right investment promotion policies, including improving the investment climate, reduce investment barriers and explicitly modify the tax law, in particular, the parent company in Thailand on overseas investment. Meanwhile, the Commerce Department's price control policy is also very important, and sometimes there is no need to force the intervention price, especially in a case of many manufacturers, as well as imported goods to compete, it should be a laissez-faire market mechanisms. In addition, processed for the rubber industry, the Government need to provide assistance in order to enable small and medium enterprises (SME) and steady development. In addition to focus on export production of tires, the Thai Industrial Court has set the target to increase exports of rubber gloves, over Malaysia's export figures.
World Trade Organization set up the Group of Experts investigating the case of special safeguard tire
The World Trade Organization on the 19th to set up a group of experts to investigate and determine the U.S. safeguard measures on China tire breach trade rules. The Expert Group was the day of the WTO dispute settlement body set up a meeting. The Chinese delegation at the meeting reiterated that the United States, the so-called special safeguard measures to the lack of factual basis in violation of its WTO obligations, a departure from the 20 leaders of the Group reached a consensus to oppose trade protectionism. Last year, in September, the U.S. government announced that cars imported from China and light truck tires the three-year punitive tariffs, that is 4% tariff on the basis of the original three-year, respectively, to levy 35%, 30% and 25% of the additional tariffs. The Chinese government subsequently launched a WTO dispute settlement case procedures in unsuccessful negotiations with the U.S. situation, the Chinese side started the dispute settlement procedures of the second step, which called for the establishment of expert groups. It is reported that members of the Group is in place, it will take at least six months time to complete the case and publish the ruling.
Dec 1, 2008
Tire industry to reduce production capacity Thai rubber prices drop
November 27 reported that the Thai Agriculture and Cooperatives Ministry of Agriculture technical director Somchai said that by the impact of the global economic slowdown has led to large-scale layoffs Motors, for example, the U.S. General Motors (GM), Japan's Toyota Motor (Toyota), etc. . That the tire industry, worried by the impact of the economic slowdown to reduce production capacity, international rubber prices have also reduced. Tokyo rubber market closing price before the (24) also fell.
To address the problem of rubber prices, agriculture and agro-technology agency has been co-assistant secretary of the Department of La-guess to consider the requirements of cooperatives to promote the use of the Office of Cooperative Development Fund, the amount of 10 billion baht to buy rubber, waiting for future prices when sold.
The promotion of cooperative-director Deborah said that the use of the cooperative development of the Fund provides loans to be in accordance with the regulations, can only provide loans to the cooperatives. Agricultural Ministry to use the money to buy rubber, must be handed over to cooperatives applying for the loan.
Songkhla's Hat Yai rubber market prices, on the 24th film of Health at 43.77 baht per kilogram, and on the 3rd of this month's price comparison, fell 16.34 baht per kg; 3 smoke Film 45.45 baht per kilogram, 19.01 baht lower; fresh plastic Juice of 39 baht per kilogram, down 25 baht.
To address the problem of rubber prices, agriculture and agro-technology agency has been co-assistant secretary of the Department of La-guess to consider the requirements of cooperatives to promote the use of the Office of Cooperative Development Fund, the amount of 10 billion baht to buy rubber, waiting for future prices when sold.
The promotion of cooperative-director Deborah said that the use of the cooperative development of the Fund provides loans to be in accordance with the regulations, can only provide loans to the cooperatives. Agricultural Ministry to use the money to buy rubber, must be handed over to cooperatives applying for the loan.
Songkhla's Hat Yai rubber market prices, on the 24th film of Health at 43.77 baht per kilogram, and on the 3rd of this month's price comparison, fell 16.34 baht per kg; 3 smoke Film 45.45 baht per kilogram, 19.01 baht lower; fresh plastic Juice of 39 baht per kilogram, down 25 baht.
Bionics non-pneumatic tire cellular come out
Tire is a great invention, without tires, the car how to walk comfortably? United Wisconsin's Madison Polymer Research Center developed a different tire, it is a non-pneumatic tire of the cellular structure.
The use of bionics principle, the multi-hexagonal honeycomb structure to support each other to reduce vibration, enhance the strength of the wheel. This non-pneumatic tire has a honeycomb structure of fear fried features, of course, that is not afraid of fear fried to a certain extent of the explosion, the use of the structural design of the advantages of maintaining a certain shock at the same time maximize the performance of the improved strength of the wheel. It is not because of inflated tire, so do not have to worry about tire pressure. At the same time, so the structure can be avoided flat tires, tire noise suppression and friction heat is also more superior than ordinary tires.
At present, the cellular structure of such non-pneumatic tire of the ongoing series of tests, including by external forces to undermine the role of the stress test, damage to the structure of the trial, the test-bed rolling test bed, I believe that the completion of these tests, the real use in mass production The time for the car far away.
Hummer off-road vehicles off-road capability of the super, but the war in Iraq, most Hummer headache than roadside bombs and landmines. No matter how good the horse's legs and feet do not trip, the traditional tire explosion-proof protection is either limited or the cost. Although perhaps not an ordinary tire comfortable, but this is a great invention. It is learned that this tire has begun delivery of military use, is expected to reduce costs in 2011 with General Tire similar. Perhaps in the near future, a non-pneumatic tire of the cellular structure of the popular will be able to market a modified car.
The use of bionics principle, the multi-hexagonal honeycomb structure to support each other to reduce vibration, enhance the strength of the wheel. This non-pneumatic tire has a honeycomb structure of fear fried features, of course, that is not afraid of fear fried to a certain extent of the explosion, the use of the structural design of the advantages of maintaining a certain shock at the same time maximize the performance of the improved strength of the wheel. It is not because of inflated tire, so do not have to worry about tire pressure. At the same time, so the structure can be avoided flat tires, tire noise suppression and friction heat is also more superior than ordinary tires.
At present, the cellular structure of such non-pneumatic tire of the ongoing series of tests, including by external forces to undermine the role of the stress test, damage to the structure of the trial, the test-bed rolling test bed, I believe that the completion of these tests, the real use in mass production The time for the car far away.
Hummer off-road vehicles off-road capability of the super, but the war in Iraq, most Hummer headache than roadside bombs and landmines. No matter how good the horse's legs and feet do not trip, the traditional tire explosion-proof protection is either limited or the cost. Although perhaps not an ordinary tire comfortable, but this is a great invention. It is learned that this tire has begun delivery of military use, is expected to reduce costs in 2011 with General Tire similar. Perhaps in the near future, a non-pneumatic tire of the cellular structure of the popular will be able to market a modified car.
Demand for natural rubber is expected to rebound in 2010
November 26, the International Rubber Study Group (IRSG) said Wednesday the Secretary-General Hidde Smit, in 2009 and this year's natural rubber demand is expected to shrink as a result of the deteriorating global economic situation; but the demand for natural rubber is expected from 2010 onwards has been rebounding strongly.
Smit said, IRSG's latest forecast is based on data published by the International Monetary Fund.
He said in 2009 on the pessimistic view, but a significant drop in demand will lead to a sharp rebound in consumption soon.
Smit said that in 2009 global sales of new cars is expected in 2008 from the 50,000,000 dropped to about 40,000,000 or so, but the world's new car sales are expected to rebound in the 2010-2015 period to about 65,000,000.
Despite the IRSG are not allowed to give price estimates, but the global automotive sales of natural rubber a huge impact on the market, as a result of the global tire manufacturing industry accounted for the global rubber output of more than 70%.
Smit said the natural rubber price is expected to continue to follow the trend of the price of crude oil, the crude oil and synthetic rubber between the relevance of the impact.
He said that if crude oil prices fell, then the natural synthetic rubber with natural rubber prices will drop its.
IRSG According to the latest forecast shows that when global economic growth to resume when the price of crude oil is expected in the next few years will be steady near 80 U.S. dollars a barrel.
Smit said, IRSG's latest forecast is based on data published by the International Monetary Fund.
He said in 2009 on the pessimistic view, but a significant drop in demand will lead to a sharp rebound in consumption soon.
Smit said that in 2009 global sales of new cars is expected in 2008 from the 50,000,000 dropped to about 40,000,000 or so, but the world's new car sales are expected to rebound in the 2010-2015 period to about 65,000,000.
Despite the IRSG are not allowed to give price estimates, but the global automotive sales of natural rubber a huge impact on the market, as a result of the global tire manufacturing industry accounted for the global rubber output of more than 70%.
Smit said the natural rubber price is expected to continue to follow the trend of the price of crude oil, the crude oil and synthetic rubber between the relevance of the impact.
He said that if crude oil prices fell, then the natural synthetic rubber with natural rubber prices will drop its.
IRSG According to the latest forecast shows that when global economic growth to resume when the price of crude oil is expected in the next few years will be steady near 80 U.S. dollars a barrel.
Malaysian rubber output in 2009 is expected to decline 10%
Malaysian plantation industry as well as the original product Minister Peter Chin Fah Kui said Tuesday, affected by the switch, Malaysia rubber production in 2009 is expected to be reduced by at least 10%.
Peter Chin Fah Kui said the Malaysian rubber production in 2008 is expected to reach 110-120 million tons.
The world's top three rubber producers --- Thailand, Indonesia and Malaysia will meet Thursday to discuss measures to support rubber prices.
Peter Chin Fah Kui said the Malaysian rubber production in 2008 is expected to reach 110-120 million tons.
The world's top three rubber producers --- Thailand, Indonesia and Malaysia will meet Thursday to discuss measures to support rubber prices.
The main rubber producing countries this week to discuss measures to support prices
International rubber joint venture company (IR-Co), a senior official said Monday that the agency has been called on to hold a rubber-producing countries to discuss measures to support rubber prices. This is to convene within one month of the second meeting.
IRCo Secretary-General Yium Tavarolit said that the meeting will be held on November 27 in Bangkok. He said that the IRCo is expected to agree on measures to support rubber prices.
IRCo Secretary-General Yium Tavarolit said that the meeting will be held on November 27 in Bangkok. He said that the IRCo is expected to agree on measures to support rubber prices.
The global tire industry experienced "shock wave"
U.S. loan-to-time financial crisis triggered by the tsunami affected the world, real estate and automotive industries affected the most. The lower reaches of the global tire industry dragged down the auto industry, is also in a "worst-hit." Statistics show that in this year's financial crisis under the influence of the shock wave, most parts of the world tire demand dropped, original, after-sale markets at the same time in the history of a rare slump, many companies have cut the tire, the expansion projects cautious. Original, after-sale markets in the doldrums at the same time.
Rubber tire industry by the financial crisis quite heavy. Rubber tire industry this year to show the greatest feature of the original, after two major tire sales market showed an alarming decline. In general, when the original tire market downturn, after the tire market will thrive, and vice versa, as this year the two major markets in the doldrums at the same time the phenomenon is rare in the tire industry.
Automobile production companies coupled with the economic situation of people in families led to the deterioration of the driving mileage reduction in the rate of decline in the replacement tire. Related financial statements show that the Goodyear tire sales in the third quarter fell by 12.4 percent; the first nine months was also due to Bridgestone's sales lower. Lead to a significant decline in net profit.
Anomaly in the tire market in the doldrums, the global tire business is to reduce inventory, have taken "in accordance with market demand, adjust production plans," the response, cut production pressure, or even stop production. Digging to understand the current five-year business in North America following the tire dealers have been closed down nearly 90% or on the verge of collapse. Even at the world's top 10 tire companies have no choice but to do so.
Michelin North America Inc. announced that from November 1 onwards to reduce their output, Indiana, Alabama and the three tire plant by the use of light truck tire production line 8 weeks, while temporary layoffs of about 40% ( About 1,500 people). Bridgestone Firestone Inc. into the statement that the company has taken steps to implement the "sell by Ding Chan". Some of the company's production plant to extend the time for some reduction in the day-to-day plant production and the abolition of overtime. The company is paying close attention to market changes and continuously assess the market at any time to make further necessary adjustments. Goodyear Tire Rubber Company's tire plants in North America have also taken pressure producing a variety of ways. 3 birth of their cars from the factory to start production in August, and formally closed by the end of October; In addition, the first 4 car tire plant in October from late Sunday cut-off throughout the day; in the truck tire, the company has 2 Factories will be temporarily suspended until next year. Expansion projects at the tire maker said that more than cautious; as a result of the global economic slowdown will re-examine plans to expand the tire.
Michelin North America in August has made a decision based on the North American market continued to decline in the forecast, the abolition of Mexico in the new tire factory plans; Toyo Tire North America Inc. will be under construction in the United States' White tire plant expansion project delayed 6 To 12 months for completion, the project was originally scheduled to be completed before the end of 2010; Cooper Tire & Rubber Corporation component of specialized working groups within the company's existing production capacity of the United States to carry out economic census, with 90 days to complete the work, the The company said the expansion will shrink in the near future is to adjust the closure of at least a U.S. tire plant, medium and long-term goal is to gradually shift more production to low labor cost countries or regions, to change the current 75% of the capacity of the U.S. state of focus.
Fetal stem the general decline in corporate earnings, but also restricted the ability of the new investment projects and enthusiasm. Some experts predict that if in 2008 the world's total tire sales grew less than 4% of the global tire industry will experience 5 years after the beginning of the development of high-speed access to a new round of consolidation, indicates that "the winter season has arrived." As a result, in the current financial turmoil, the economic outlook uncertain, the tire industry expansion, new projects with caution.
Although the global tire industry output pressure around the middle, but not everything is in decline. Agricultural, non-road (OTR) tire market remains strong, aviation tire production line to continue to operate at full capacity in the state. So far, the world's leading OTR tire manufacturers in the market is optimistic about the prospects. Tan Tai International, Bridgestone and Michelin and so on the company's plant will continue producing at full capacity, speed up expansion in the field of OTR.
Chinese exports need a new direction
The financial crisis is often the biggest victims, some emerging market countries, particularly in export-led economic development. In recent years, China has become an annual tire products for nearly 40% of export structure. The loan-to-Wei Liu at the United States, China's tire industry is a major test of time is also new challenges and opportunities.
Chinese tire industry's staggering growth rate, which is the driving force in the international market especially in North America on the "Made in China (in China)" The growth in demand for tires. According to the China Rubber Industry Association Branch of the tires of 34 domestic-funded enterprises tire statistics, tire exports in 2007 delivered more than 52.2 percent growth last year. In recent years, China led Asia's rapid economic development has boosted the emerging markets of China and India's car sales in the region and tire manufacturers on the export of Western countries led to the rapid growth of China-centric Asia, the world's tire industry and land The tire manufacturing center.
However Cihuo crisis on China's tire industry has begun to show effects of China's tire exports sharply lower. According to the China Rubber Industry Association Statistics Branch of the tires, tires on 7, 8 and 9 this year, higher than the export growth last year marked a downward trend. Tire Branch of the statistical data shows that at the same time, in September this year, has 14 tire business losses, loss amounted to 33.3 percent, finished goods inventories reached a record high of 42.3 percent, which is a clear signal of excess production capacity.
In the face of a rapidly changing economic environment at home and abroad of the situation, there is an inevitable part of the tire companies have been unable to adapt out, only seize the opportunity to upgrade, change and novelty, an enterprise will it be possible degree of the crisis. To increase brand-building efforts to accelerate technological innovation and enhance value-added products, will become the consensus of the majority of enterprises.
Look for emerging markets has also become a tire enterprises Royal "cold" way. With the trend towards European and American markets, "Made in China" the world's new direction will be gradually transferred to South America to the Middle East, Russia, Africa, ASEAN and other countries and regions represented by the emerging markets.
Rubber tire industry by the financial crisis quite heavy. Rubber tire industry this year to show the greatest feature of the original, after two major tire sales market showed an alarming decline. In general, when the original tire market downturn, after the tire market will thrive, and vice versa, as this year the two major markets in the doldrums at the same time the phenomenon is rare in the tire industry.
Automobile production companies coupled with the economic situation of people in families led to the deterioration of the driving mileage reduction in the rate of decline in the replacement tire. Related financial statements show that the Goodyear tire sales in the third quarter fell by 12.4 percent; the first nine months was also due to Bridgestone's sales lower. Lead to a significant decline in net profit.
Anomaly in the tire market in the doldrums, the global tire business is to reduce inventory, have taken "in accordance with market demand, adjust production plans," the response, cut production pressure, or even stop production. Digging to understand the current five-year business in North America following the tire dealers have been closed down nearly 90% or on the verge of collapse. Even at the world's top 10 tire companies have no choice but to do so.
Michelin North America Inc. announced that from November 1 onwards to reduce their output, Indiana, Alabama and the three tire plant by the use of light truck tire production line 8 weeks, while temporary layoffs of about 40% ( About 1,500 people). Bridgestone Firestone Inc. into the statement that the company has taken steps to implement the "sell by Ding Chan". Some of the company's production plant to extend the time for some reduction in the day-to-day plant production and the abolition of overtime. The company is paying close attention to market changes and continuously assess the market at any time to make further necessary adjustments. Goodyear Tire Rubber Company's tire plants in North America have also taken pressure producing a variety of ways. 3 birth of their cars from the factory to start production in August, and formally closed by the end of October; In addition, the first 4 car tire plant in October from late Sunday cut-off throughout the day; in the truck tire, the company has 2 Factories will be temporarily suspended until next year. Expansion projects at the tire maker said that more than cautious; as a result of the global economic slowdown will re-examine plans to expand the tire.
Michelin North America in August has made a decision based on the North American market continued to decline in the forecast, the abolition of Mexico in the new tire factory plans; Toyo Tire North America Inc. will be under construction in the United States' White tire plant expansion project delayed 6 To 12 months for completion, the project was originally scheduled to be completed before the end of 2010; Cooper Tire & Rubber Corporation component of specialized working groups within the company's existing production capacity of the United States to carry out economic census, with 90 days to complete the work, the The company said the expansion will shrink in the near future is to adjust the closure of at least a U.S. tire plant, medium and long-term goal is to gradually shift more production to low labor cost countries or regions, to change the current 75% of the capacity of the U.S. state of focus.
Fetal stem the general decline in corporate earnings, but also restricted the ability of the new investment projects and enthusiasm. Some experts predict that if in 2008 the world's total tire sales grew less than 4% of the global tire industry will experience 5 years after the beginning of the development of high-speed access to a new round of consolidation, indicates that "the winter season has arrived." As a result, in the current financial turmoil, the economic outlook uncertain, the tire industry expansion, new projects with caution.
Although the global tire industry output pressure around the middle, but not everything is in decline. Agricultural, non-road (OTR) tire market remains strong, aviation tire production line to continue to operate at full capacity in the state. So far, the world's leading OTR tire manufacturers in the market is optimistic about the prospects. Tan Tai International, Bridgestone and Michelin and so on the company's plant will continue producing at full capacity, speed up expansion in the field of OTR.
Chinese exports need a new direction
The financial crisis is often the biggest victims, some emerging market countries, particularly in export-led economic development. In recent years, China has become an annual tire products for nearly 40% of export structure. The loan-to-Wei Liu at the United States, China's tire industry is a major test of time is also new challenges and opportunities.
Chinese tire industry's staggering growth rate, which is the driving force in the international market especially in North America on the "Made in China (in China)" The growth in demand for tires. According to the China Rubber Industry Association Branch of the tires of 34 domestic-funded enterprises tire statistics, tire exports in 2007 delivered more than 52.2 percent growth last year. In recent years, China led Asia's rapid economic development has boosted the emerging markets of China and India's car sales in the region and tire manufacturers on the export of Western countries led to the rapid growth of China-centric Asia, the world's tire industry and land The tire manufacturing center.
However Cihuo crisis on China's tire industry has begun to show effects of China's tire exports sharply lower. According to the China Rubber Industry Association Statistics Branch of the tires, tires on 7, 8 and 9 this year, higher than the export growth last year marked a downward trend. Tire Branch of the statistical data shows that at the same time, in September this year, has 14 tire business losses, loss amounted to 33.3 percent, finished goods inventories reached a record high of 42.3 percent, which is a clear signal of excess production capacity.
In the face of a rapidly changing economic environment at home and abroad of the situation, there is an inevitable part of the tire companies have been unable to adapt out, only seize the opportunity to upgrade, change and novelty, an enterprise will it be possible degree of the crisis. To increase brand-building efforts to accelerate technological innovation and enhance value-added products, will become the consensus of the majority of enterprises.
Look for emerging markets has also become a tire enterprises Royal "cold" way. With the trend towards European and American markets, "Made in China" the world's new direction will be gradually transferred to South America to the Middle East, Russia, Africa, ASEAN and other countries and regions represented by the emerging markets.
Indonesian tire producers start all over again into Africa and the Middle East market
November 16, despite news the U.S. and Europe, a weak export market, but another of China's tire business opportunities in October from the tire manufacturer in China since the beginning of the export market to Africa and several countries in the Middle East.
Indonesia Tire Association (APBI) General Chairman of the Sri Azizan. Barnetta (Aziz Pane) said that the export market to Africa and the Middle East countries, for the United States and Europe to make up for weaker export markets caused by the deficit. "In 2008, the remaining three months, it is difficult to achieve export targets, so we have to transfer."
Initially, APBI set in the year 100,000,000 55,000,000 U.S. dollars to the United States and Europe, export targets, but the face of the crisis, since the 2008 mid-, APBI Amendment to the United States and Europe only to become targets exports 100,000,000 20,000,000 U.S. dollars only.
Between September 2008 and as a result of a more serious global crisis, 2 to the region, only the total value of exports 85,000,000 U.S. dollars, manufacturers more confident that we can not meet the target, since the beginning of October, manufacturers have begun to export to the Middle East and Africa , The export targets set for the total value of 35,000,000 U.S. dollars, as exports to make up for deficits in the United States and Europe, so this year 100,000,000 20,000,000 U.S. dollars to meet sales targets. To the United States and Europe, only the total value of exports 85,000,000 U.S. dollars is very low, usually every year more than the figure in September this year to the United States and Europe, with exports in 2007 100,000,000 10,000,000 U.S. dollars compared to 22.7 percent has been reduced .
Azim said, so far, only China and South Korea to the Middle East tire export market, the market for the amount of 11% and 30% respectively. As Indonesia have just 7% of the amount of the market. "We think that can raise at least 10-12 percent."
Africa and the Middle East to enhance the market is not impossible, as a result of the quality of our products manufactured in China and South Korea than good, so that the factors that manufacturers are confident that the product can be accepted by the region 2.
At the same time, if in accordance with the global, manufacturers agreed to by the end of 2008 under the export targets of 1.2 billion U.S. dollars more than the previous low 1,500,000,000 U.S. dollars. However, the indicators than in 2007 1,000,000,000 U.S. dollars greater exports. APBI set tires this year, output reached 42,000,000 targets set next year 45,000,000 production targets.
Sri Azizan said that while the global crisis facing the attack, but not foreign buyers canceled orders for the contract. The only crisis in the domestic market and abroad, a weak export market, with the result that manufacturers warehouse piled up a lot of tire products.
He called on the Government to intervene immediately to the manufacturer to provide incentives so that the tire industry will not get a better settlement.
Indonesia Tire Association (APBI) General Chairman of the Sri Azizan. Barnetta (Aziz Pane) said that the export market to Africa and the Middle East countries, for the United States and Europe to make up for weaker export markets caused by the deficit. "In 2008, the remaining three months, it is difficult to achieve export targets, so we have to transfer."
Initially, APBI set in the year 100,000,000 55,000,000 U.S. dollars to the United States and Europe, export targets, but the face of the crisis, since the 2008 mid-, APBI Amendment to the United States and Europe only to become targets exports 100,000,000 20,000,000 U.S. dollars only.
Between September 2008 and as a result of a more serious global crisis, 2 to the region, only the total value of exports 85,000,000 U.S. dollars, manufacturers more confident that we can not meet the target, since the beginning of October, manufacturers have begun to export to the Middle East and Africa , The export targets set for the total value of 35,000,000 U.S. dollars, as exports to make up for deficits in the United States and Europe, so this year 100,000,000 20,000,000 U.S. dollars to meet sales targets. To the United States and Europe, only the total value of exports 85,000,000 U.S. dollars is very low, usually every year more than the figure in September this year to the United States and Europe, with exports in 2007 100,000,000 10,000,000 U.S. dollars compared to 22.7 percent has been reduced .
Azim said, so far, only China and South Korea to the Middle East tire export market, the market for the amount of 11% and 30% respectively. As Indonesia have just 7% of the amount of the market. "We think that can raise at least 10-12 percent."
Africa and the Middle East to enhance the market is not impossible, as a result of the quality of our products manufactured in China and South Korea than good, so that the factors that manufacturers are confident that the product can be accepted by the region 2.
At the same time, if in accordance with the global, manufacturers agreed to by the end of 2008 under the export targets of 1.2 billion U.S. dollars more than the previous low 1,500,000,000 U.S. dollars. However, the indicators than in 2007 1,000,000,000 U.S. dollars greater exports. APBI set tires this year, output reached 42,000,000 targets set next year 45,000,000 production targets.
Sri Azizan said that while the global crisis facing the attack, but not foreign buyers canceled orders for the contract. The only crisis in the domestic market and abroad, a weak export market, with the result that manufacturers warehouse piled up a lot of tire products.
He called on the Government to intervene immediately to the manufacturer to provide incentives so that the tire industry will not get a better settlement.
Thailand, Indonesia and Malaysia to reduce rubber production
Thai Rubber Association, noted that in October this year, the agricultural futures markets as world oil prices and commodity prices have reduced sharply. In particular the decline in rubber prices more than 40%, from the international financial crisis led to the decline in auto sales, so that the world demand for rubber also lower. However, since the recent Organization of Petroleum Exporting Countries to reduce oil production, together with the Federal Reserve lowered interest rates 0.5 percent, the rubber market has tended to turn for the better. At present, the domestic rubber price of 60 baht / kg, rubber growers are still at an acceptable level.
Thai Rubber Association, oppose government intervention in the market price of rubber, because of the recognition that the Association will have an impact on the market mechanism, and stressed the Thai rubber industry is still solid growth. In addition, Thailand, Indonesia and Malaysia at the meeting of the three countries also agreed to reduce production of 215,000 tons of rubber, and the three countries cut off the old rubber trees Levin 1,056,250, of which 400,000 Levin Thailand, Indonesia and Malaysia, 343,750 Lai Lai 312,500 in order to reduce market access The number of rubber. As for next year's domestic rubber price trend will depend on the fluctuations in world oil prices, as petroleum-based synthetic rubber accounting for 60% of the market, while the remaining 40% is domestic production of natural rubber.
Thailand this year is expected to rubber exports to 2,750,000 tons, up 3.0%, 20% increase in exports, mainly to benefit from Prior to the rubber prices. As for the export of rubber in 2009 the trend is expected exports may be reduced to 2,600,000 tons.
Thai Rubber Association, oppose government intervention in the market price of rubber, because of the recognition that the Association will have an impact on the market mechanism, and stressed the Thai rubber industry is still solid growth. In addition, Thailand, Indonesia and Malaysia at the meeting of the three countries also agreed to reduce production of 215,000 tons of rubber, and the three countries cut off the old rubber trees Levin 1,056,250, of which 400,000 Levin Thailand, Indonesia and Malaysia, 343,750 Lai Lai 312,500 in order to reduce market access The number of rubber. As for next year's domestic rubber price trend will depend on the fluctuations in world oil prices, as petroleum-based synthetic rubber accounting for 60% of the market, while the remaining 40% is domestic production of natural rubber.
Thailand this year is expected to rubber exports to 2,750,000 tons, up 3.0%, 20% increase in exports, mainly to benefit from Prior to the rubber prices. As for the export of rubber in 2009 the trend is expected exports may be reduced to 2,600,000 tons.
Nov 1, 2008
Thailand to be the next six months to cut rubber production 50%
The world's largest rubber producers - Thailand's Ministry of Agriculture Monday said that in order to protect the price of rubber, Thailand from October 2008 start of the next 6 months, the reduction of 700,000 tons of rubber production.
Thailand Ministry of Agriculture in charge of rubber Saenkaew Affairs Minister, said Thailand planned from October 2008 to March 2009 period to cut 50% of rubber production and encourage farmers to reduce the tapping. It is understood that 50% of the production plan is to Thailand from October 2007 to March 2008 during the production of 1,400,000 tons on the basis of the decision. The output is equivalent to the size of Thailand in 2008, about 3,100,000 tons forecast production of around 23%. Thailand's rubber production in 2007 to 3,000,000 tons.
Saenkaew said that the Thai government's goal is to reduce the 25-year-old more than a year old trees covering an area of 64,000 hectares at present to 32,000 ha per year. The Thai government to encourage farmers planting new trees and tree felling.
Saenkaew said that as a reduction in the supply of rubber part of the plan, from October 2008 to March 2009, Thailand will also reduce the domestic spot rubber trading center of the trading day. Day trading is expected to reduce the 2-3 days a week, in response to the drop in supply.
At present, the international benchmark --- Thai RSS3 rubber spot rubber prices Monday reported that 1.85 U.S. dollars per kilogram, while in July this year, the price had hit 56-year record high of 3.25 U.S. dollars. In the face of the global financial crisis, Thailand, Malaysia, Indonesia and rubber big powers are under attack, and cautious consumer sentiment.
The world's largest rubber producers - Thailand's Ministry of Agriculture Monday said that in order to protect the price of rubber, Thailand from October 2008 start of the next 6 months, the reduction of 700,000 tons of rubber production.
Thailand Ministry of Agriculture in charge of rubber Saenkaew Affairs Minister, said Thailand planned from October 2008 to March 2009 period to cut 50% of rubber production and encourage farmers to reduce the tapping. It is understood that 50% of the production plan is to Thailand from October 2007 to March 2008 during the production of 1,400,000 tons on the basis of the decision. The output is equivalent to the size of Thailand in 2008, about 3,100,000 tons forecast production of around 23%. Thailand's rubber production in 2007 to 3,000,000 tons.
Saenkaew said that the Thai government's goal is to reduce the 25-year-old more than a year old trees covering an area of 64,000 hectares at present to 32,000 ha per year. The Thai government to encourage farmers planting new trees and tree felling.
Saenkaew said that as a reduction in the supply of rubber part of the plan, from October 2008 to March 2009, Thailand will also reduce the domestic spot rubber trading center of the trading day. Day trading is expected to reduce the 2-3 days a week, in response to the drop in supply.
At present, the international benchmark --- Thai RSS3 rubber spot rubber prices Monday reported that 1.85 U.S. dollars per kilogram, while in July this year, the price had hit 56-year record high of 3.25 U.S. dollars. In the face of the global financial crisis, Thailand, Malaysia, Indonesia and rubber big powers are under attack, and cautious consumer sentiment.
Actively respond to ethylene industry downturn cycle
According to authoritative statistics agency predicted that the 2010 World ethylene production capacity will reach 155,000,000 tons, from 2006 to 2010 the average annual growth rate of 6.8 percent; demand will reach 133,000,000 tons / year with an average annual growth rate of 4.9 percent. Due to a large number of new devices will be 2009 to 2010, together with the development of the petrochemical industry's cyclical characteristics of the ethylene industry will inevitably downward into the channel, in 2010 the ethylene plant operating rate to fall to 85%. At the same time, the world's ethylene industry is stepping up its focus to Asia and the Middle East shift to large-scale ethylene plant to continue to develop in the direction of raw materials showed the trend of diversification.
At present, China has become the world's second largest producer of ethylene, ethylene single device the size of an average of over 454,000 tons / year, the market is very competitive. Experts point out that, in the face of the industry cycle downturn, China's ethylene industry needs to rely on scientific and technological progress, vigorously promote the development of ethylene technology and equipment, advanced technology and equipment, do a good job in the new building plant and the technical transformation of existing devices, Lower investment costs and improve the skill level of ethylene plant; integrated refining and give full play to the advantages of ethylene raw materials optimization; to take effective measures to conscientiously do a good job in saving energy and reducing consumption and long-period operation; do a good job in cracking the use of the by-products to enhance the value of by-products Strive to improve China's ethylene industry's competitiveness.
According to authoritative statistics agency predicted that the 2010 World ethylene production capacity will reach 155,000,000 tons, from 2006 to 2010 the average annual growth rate of 6.8 percent; demand will reach 133,000,000 tons / year with an average annual growth rate of 4.9 percent. Due to a large number of new devices will be 2009 to 2010, together with the development of the petrochemical industry's cyclical characteristics of the ethylene industry will inevitably downward into the channel, in 2010 the ethylene plant operating rate to fall to 85%. At the same time, the world's ethylene industry is stepping up its focus to Asia and the Middle East shift to large-scale ethylene plant to continue to develop in the direction of raw materials showed the trend of diversification.
At present, China has become the world's second largest producer of ethylene, ethylene single device the size of an average of over 454,000 tons / year, the market is very competitive. Experts point out that, in the face of the industry cycle downturn, China's ethylene industry needs to rely on scientific and technological progress, vigorously promote the development of ethylene technology and equipment, advanced technology and equipment, do a good job in the new building plant and the technical transformation of existing devices, Lower investment costs and improve the skill level of ethylene plant; integrated refining and give full play to the advantages of ethylene raw materials optimization; to take effective measures to conscientiously do a good job in saving energy and reducing consumption and long-period operation; do a good job in cracking the use of the by-products to enhance the value of by-products Strive to improve China's ethylene industry's competitiveness.
Yee-gum maker breach of contract negotiations after-effect storm remains to be seen
Following the breach of contract after the storm swept through rubber market in the near future on how to deal with the buyers of non-payment of goods, the sanctions for breach of contract lose the trust of Chinese buyers into the market that the focus of the heat. On the 24th of this month coincides with Malaysia in rubber will be held in Kuala Lumpur, Malaysia, it's from Thailand, Malaysia, Indonesia, the three major rubber producing countries and major trading nations of the Singapore Chamber of Commerce Poly a plastic in the exchange market as a whole at the same time a breach of contract , Breach of contract to explore measures to solve the crisis of the next step.
The default crisis, due to start in July's market drop, especially since the National Day vacation almost in a straight line down the market fell into the water. By the financial crisis triggered by falling commodity prices in the rubber market can be fully reflected, since the end of September, set apart from cargo quote 2800 U.S. dollars / ton drop from the current 1800 U.S. dollars / ton, less than one-third decline in January One of the much higher than the 10-20% of the contract deposit ratio, making buyers hesitate to take some of the default mode in order to stop.
It was part of the supplier, according to the current Chinese buyers refused to buy the performance of the quantity of goods has more than 10,000 tons, which are sourced from Thailand, Indonesia and Malaysia and other major rubber producing countries. Some of the lower reaches of large-scale acts of breach of contract factories, but also make the Southeast Asian suppliers to domestic buyers have serious doubts about the integrity.
South-East Asia are forced to rubber began to seek to safeguard their own interests. Malaysia's annual meeting, the plastic will have to exchange Chinese breach of the list of buyers, with a view to future trade alert. But whether or not to introduce sanctions to be truly effective, the majority of operators who hold conservative views.
Industry, the current buyer's breach of the collective, which is fundamental for the development of a contract for the sale when buyers pay less bound by the performance. At present, imports of rubber contract payment terms, the buyer is the basic conclusion of the contract, the first wire deposit a certain percentage (the ratio for more than 10-15%, some 30%), and the remaining amount of the contract through the acceptance letters of credit or money order to pay Section. Chinese buyers because of limited capital, with most of the current Acceptance mainly to take only a few letters of credit practices. Acceptance of a lack of bank credit guarantees, if market prices fell more than the ratio of deposit, buyers tend to refuse acceptance, resulting in a completely passive operation of the seller. According to the Trade and easy to understand, has taken a number of high-pay letter of credit or deposit of the contract, the performance is significantly better, plastic business interests are better protected.
But can improve through the implementation of the letter of credit deposit ratio, or to protect the buyer to pay the normal performance? It has been easy to trade on the part of the investigation of the industry, the industry generally more conservative attitude. High deposit or letter of credit for the buyer to pay up more money, credit higher in the current domestic downstream plants in general are facing slow tire sales, capital of the tense backdrop, the practice is quite difficult in the short term is bound to cause China to buy House opposition and resistance. In addition, the effective implementation of the above methods depends on the solidarity of the Group of the seller, once part of the glue business for the customer to relax the terms for China, is likely to lead to further industry-wide return to their own state.
Industry, said the market from a realistic point of view, self-adhesive's more realistic. It is reported that some of the glue will be adjusted according to their Chinese customers for sales strategy, such as customer ranking, respectively, to take a different mode of cooperation for the exchange at the black customers by charging a higher deposit to avoid risks; for breach of contract Storm faith in the performance of the client, follow the pre-deposit ratio of 10-15%, reduce the capital occupied by the buyer.
Malaysia's annual meeting, the seller is a group that in the current crisis in breach of China's first exchange of the General Assembly. In the absence of a strong coalition of interests, the market for the General Assembly's ability to put effective solutions to the crisis, will continue to take wait-and-see attitude.
Following the breach of contract after the storm swept through rubber market in the near future on how to deal with the buyers of non-payment of goods, the sanctions for breach of contract lose the trust of Chinese buyers into the market that the focus of the heat. On the 24th of this month coincides with Malaysia in rubber will be held in Kuala Lumpur, Malaysia, it's from Thailand, Malaysia, Indonesia, the three major rubber producing countries and major trading nations of the Singapore Chamber of Commerce Poly a plastic in the exchange market as a whole at the same time a breach of contract , Breach of contract to explore measures to solve the crisis of the next step.
The default crisis, due to start in July's market drop, especially since the National Day vacation almost in a straight line down the market fell into the water. By the financial crisis triggered by falling commodity prices in the rubber market can be fully reflected, since the end of September, set apart from cargo quote 2800 U.S. dollars / ton drop from the current 1800 U.S. dollars / ton, less than one-third decline in January One of the much higher than the 10-20% of the contract deposit ratio, making buyers hesitate to take some of the default mode in order to stop.
It was part of the supplier, according to the current Chinese buyers refused to buy the performance of the quantity of goods has more than 10,000 tons, which are sourced from Thailand, Indonesia and Malaysia and other major rubber producing countries. Some of the lower reaches of large-scale acts of breach of contract factories, but also make the Southeast Asian suppliers to domestic buyers have serious doubts about the integrity.
South-East Asia are forced to rubber began to seek to safeguard their own interests. Malaysia's annual meeting, the plastic will have to exchange Chinese breach of the list of buyers, with a view to future trade alert. But whether or not to introduce sanctions to be truly effective, the majority of operators who hold conservative views.
Industry, the current buyer's breach of the collective, which is fundamental for the development of a contract for the sale when buyers pay less bound by the performance. At present, imports of rubber contract payment terms, the buyer is the basic conclusion of the contract, the first wire deposit a certain percentage (the ratio for more than 10-15%, some 30%), and the remaining amount of the contract through the acceptance letters of credit or money order to pay Section. Chinese buyers because of limited capital, with most of the current Acceptance mainly to take only a few letters of credit practices. Acceptance of a lack of bank credit guarantees, if market prices fell more than the ratio of deposit, buyers tend to refuse acceptance, resulting in a completely passive operation of the seller. According to the Trade and easy to understand, has taken a number of high-pay letter of credit or deposit of the contract, the performance is significantly better, plastic business interests are better protected.
But can improve through the implementation of the letter of credit deposit ratio, or to protect the buyer to pay the normal performance? It has been easy to trade on the part of the investigation of the industry, the industry generally more conservative attitude. High deposit or letter of credit for the buyer to pay up more money, credit higher in the current domestic downstream plants in general are facing slow tire sales, capital of the tense backdrop, the practice is quite difficult in the short term is bound to cause China to buy House opposition and resistance. In addition, the effective implementation of the above methods depends on the solidarity of the Group of the seller, once part of the glue business for the customer to relax the terms for China, is likely to lead to further industry-wide return to their own state.
Industry, said the market from a realistic point of view, self-adhesive's more realistic. It is reported that some of the glue will be adjusted according to their Chinese customers for sales strategy, such as customer ranking, respectively, to take a different mode of cooperation for the exchange at the black customers by charging a higher deposit to avoid risks; for breach of contract Storm faith in the performance of the client, follow the pre-deposit ratio of 10-15%, reduce the capital occupied by the buyer.
Malaysia's annual meeting, the seller is a group that in the current crisis in breach of China's first exchange of the General Assembly. In the absence of a strong coalition of interests, the market for the General Assembly's ability to put effective solutions to the crisis, will continue to take wait-and-see attitude.
Matai and India agreed to the three countries to develop export of rubber under the limit
It is reported that a few days ago in Indonesia, Malaysia and Thailand, the three countries agreed that the minimum export price of rubber per kg to 1.6 U.S. dollars to develop, such as rubber prices per kilogram in the United States below 1.6 U.S. dollars, the countries will be reduced by 10% of exports.
It is reported that a few days ago in Indonesia, Malaysia and Thailand, the three countries agreed that the minimum export price of rubber per kg to 1.6 U.S. dollars to develop, such as rubber prices per kilogram in the United States below 1.6 U.S. dollars, the countries will be reduced by 10% of exports.
Vietnam rubber business inventories as a result of increased rubber prices
Rubber prices fell sharply in the near future, as a result of higher than the cost price, the Vietnam Rubber increase in business inventories.
October 22, Vietnam SVR rubber and rubber RSS from 57,000,000 Shield / ton fell quickly to shield 27,000,000 / tonne, many companies inventory backlog.
It is reported that Vietnam's rubber industry estimates the average cost of harvesting rubber resin million for the 2800-3000 Shield / ton. As of October 14, the last one month of Mong Cai market price of rubber fell to 27,000,000 Shield / ton, no one to buy. Prior to that, because of lower prices, rubber goods companies cover Hard Trading in a Dream, hoping to like in October 2007, customers need to purchase rubber, stocks of all kinds, prices. Now, the cost is higher than the sales price, business-to-sales have been indifferent, each of the stocks of small companies have 400-500 tons of rubber, rubber stocks of large enterprises in the 1000-2000 tonnes.
Vietnam Rubber Association of the Secretary-General Cui-hua Chen's view, usually with the rubber price rise in international oil prices, high crude oil prices rose to 140 U.S. dollars / barrel, the fluctuation range to reach 65-80 dollars, so the low price of rubber mixed by the world's favorite . Now, the financial crisis in the United States and Europe, economic recession, the Vietnam Rubber season (September to December) the supply of natural rubber in a rapid increase in the fourth quarter. These factors combined, resulting in rubber prices.
Vietnam Rubber Industry Group, Le Quang-chun, general manager of the Vietnamese rubber industry remains optimistic. He believes that the export prices, and rubber plantation industry is still a successful season. Group rubber output in 2008 reached 320,000 tons, the average budget plan for a shield 36,000,000 / ton, as a result of high prices at the beginning, you can now make up the difference between the low-cost, to achieve 40,000,000 rupiah average price / ton, higher than the budget price 4,000,000 Shield / ton, more than 30% in profit margins. Rubber prices have risen to 60,000,000 Shield / ton, and that price is speculation, not actual prices, producers and consumers have damage.
Rubber prices fell sharply in the near future, as a result of higher than the cost price, the Vietnam Rubber increase in business inventories.
October 22, Vietnam SVR rubber and rubber RSS from 57,000,000 Shield / ton fell quickly to shield 27,000,000 / tonne, many companies inventory backlog.
It is reported that Vietnam's rubber industry estimates the average cost of harvesting rubber resin million for the 2800-3000 Shield / ton. As of October 14, the last one month of Mong Cai market price of rubber fell to 27,000,000 Shield / ton, no one to buy. Prior to that, because of lower prices, rubber goods companies cover Hard Trading in a Dream, hoping to like in October 2007, customers need to purchase rubber, stocks of all kinds, prices. Now, the cost is higher than the sales price, business-to-sales have been indifferent, each of the stocks of small companies have 400-500 tons of rubber, rubber stocks of large enterprises in the 1000-2000 tonnes.
Vietnam Rubber Association of the Secretary-General Cui-hua Chen's view, usually with the rubber price rise in international oil prices, high crude oil prices rose to 140 U.S. dollars / barrel, the fluctuation range to reach 65-80 dollars, so the low price of rubber mixed by the world's favorite . Now, the financial crisis in the United States and Europe, economic recession, the Vietnam Rubber season (September to December) the supply of natural rubber in a rapid increase in the fourth quarter. These factors combined, resulting in rubber prices.
Vietnam Rubber Industry Group, Le Quang-chun, general manager of the Vietnamese rubber industry remains optimistic. He believes that the export prices, and rubber plantation industry is still a successful season. Group rubber output in 2008 reached 320,000 tons, the average budget plan for a shield 36,000,000 / ton, as a result of high prices at the beginning, you can now make up the difference between the low-cost, to achieve 40,000,000 rupiah average price / ton, higher than the budget price 4,000,000 Shield / ton, more than 30% in profit margins. Rubber prices have risen to 60,000,000 Shield / ton, and that price is speculation, not actual prices, producers and consumers have damage.
Indonesia: rubber exports by the end of normal
Rubber export performance this year, not a recession in the U.S. economy, the end of the year because of the export contract has been signed. Indonesia President of the General Federation of rubber entrepreneurs Bastagli said that the number from the point of view, rubber exports to the U.S. economic impact is not clear. "Contracts have been signed, waiting for the delivery." Bastagli said. Today, Indonesia's natural rubber is still the major markets of the United States, accounting for 26.8 percent of its shares, Japan, China and Singapore followed, were 16.5 percent, 14.2 percent and 6.7 percent. Large car makers will be rubber as raw materials, these companies have in other countries, the Indonesian natural rubber exports were still growing.
Chairman of the view that now is the need to pay attention to commodity prices remained low, the export volume has decreased. Chairman of the Riau branch of high-Marie also said the United States over the financial crisis has not affected the performance of Indonesia's natural rubber exports, as demand remains normal next year. "One next year, in February the United States will continue to import rubber Indonesia." He said. He said that speculators now Japan's acts of international rubber prices, the Chinese demand also fell.
Rubber export performance this year, not a recession in the U.S. economy, the end of the year because of the export contract has been signed. Indonesia President of the General Federation of rubber entrepreneurs Bastagli said that the number from the point of view, rubber exports to the U.S. economic impact is not clear. "Contracts have been signed, waiting for the delivery." Bastagli said. Today, Indonesia's natural rubber is still the major markets of the United States, accounting for 26.8 percent of its shares, Japan, China and Singapore followed, were 16.5 percent, 14.2 percent and 6.7 percent. Large car makers will be rubber as raw materials, these companies have in other countries, the Indonesian natural rubber exports were still growing.
Chairman of the view that now is the need to pay attention to commodity prices remained low, the export volume has decreased. Chairman of the Riau branch of high-Marie also said the United States over the financial crisis has not affected the performance of Indonesia's natural rubber exports, as demand remains normal next year. "One next year, in February the United States will continue to import rubber Indonesia." He said. He said that speculators now Japan's acts of international rubber prices, the Chinese demand also fell.
Thailand rubber production association decided to 1,400,000 tons in order to enhance Jiaojia
It is learned that the rubber price is too low to alleviate the current situation, Thailand rubber tapping Association recently decided to stop for 6 months, reducing the output of 1,400,000 tons in order to raise prices of rubber.
The association said that the decision was made on the basis of market supply and demand in the market, I believe that we can effectively promote the rubber market supply and demand balance. As of October 17, the domestic price of Thai rubber 49.09 baht / kg, raw film only 45.4 baht / kg, lower than 52 baht / kg of the cost of cultivation.
It is learned that the rubber price is too low to alleviate the current situation, Thailand rubber tapping Association recently decided to stop for 6 months, reducing the output of 1,400,000 tons in order to raise prices of rubber.
The association said that the decision was made on the basis of market supply and demand in the market, I believe that we can effectively promote the rubber market supply and demand balance. As of October 17, the domestic price of Thai rubber 49.09 baht / kg, raw film only 45.4 baht / kg, lower than 52 baht / kg of the cost of cultivation.
Myanmar to lift restrictions on border trade of natural rubber
Myanmar has prohibited 32 kinds of commodities exported through border trade, natural rubber, oilseeds, sugar cane, sugar, rice, sesame seeds, onion, garlic, pepper and turmeric root has been allowed to export later this year. By the same token, does not allow the current border trade through the import of apples, peaches, grapes, sweet dates and leaf angle to the end of the year in addition to border trade restrictions on imports, allowing Durian in April to 9 months of imports.
Myanmar has prohibited 32 kinds of commodities exported through border trade, natural rubber, oilseeds, sugar cane, sugar, rice, sesame seeds, onion, garlic, pepper and turmeric root has been allowed to export later this year. By the same token, does not allow the current border trade through the import of apples, peaches, grapes, sweet dates and leaf angle to the end of the year in addition to border trade restrictions on imports, allowing Durian in April to 9 months of imports.
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