Mixed trend in rubber

Mixed trend in rubber

KOTTAYAM, JUNE 15:
Spot rubber saw a mixed trend on Wednesday. The undercurrent was firm as RSS 5 and ungraded rubber improved following comparatively better demand.

Weather variations seemed to have confused traders who decided to wait for clarity after the expiry of the June futures on the National Multi Commodity Exchange.

According to traders, sheet rubber finished flat at Rs 227.50 a kg amidst low volumes. The grade improved to Rs 227.50 (227) a kg both at Kottayam and Kochi, according to the Rubber Board.

The June series expired at Rs 229.25 (227.39) while the July series weakened to Rs 230.70 (231.93), August to Rs 232.43 (234.06), September to Rs 231.45 (232.58), October to Rs 229.01 (231.28) and November to Rs 229.80 (230.25) a kg for RSS 4 on NMCE.

RSS 3 (spot) slipped to Rs 231.65 (232.20) a kg at Bangkok. The June futures for the grade recovered to ¥414 (Rs 229.58) from ¥411.9 a kg during the day session and then to ¥416 (Rs 230.68) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 227.50 (227.50); RSS-5: 226 (225); ungraded: 222 (222); ISNR 20: 224 (223) and latex 60 per cent: 143 (143).








India: Call for more efforts to develop rubber goods sector
June 15, 2011


KOTTAYAM, JUNE 15:
The Rubber Board Chairperson, Ms Sheela Thomas, has inaugurated the Kerala Rubber Convention 2011 here, organised by the CII (Kerala chapter).

She said 60 per cent of rubber produced in the country was consumed by the tyre sector.

Mr Jose Dominic, Chairman, CII Kerala chapter, stressed the need for more efforts to develop the manufacturing industry in the state by making utmost use of resources and market opportunities.





India: Rubber Board of India Chairperson Highlights Need To Create Sustainability in Rubber Manufacturing
June 15, 2011




Sheela Thomas, on Tuesday (June 14) stressed on the need to create sustainability in rubber manufacturing.
Inaugurating the Kerala Rubber Convention 2011 that was organised by the Confederation of Indian Industry (CII), Ms. Thomas said that although the state has been a frontrunner in terms of production of natural rubber, it has failed to achieve its potential in the industry. “The non-tyre sector of the rubber industry continues to struggle in the market. The Cost-effectiveness and competitiveness of the products should be sustained. Moreover, high standards of quality should also be maintained in the industry. We can never come competitive without ensuring good quality. Consequently, good returns for products are necessary in ensuring interest among rubber growers.
She expressed optimism that participants of the Kerala Rubber Convention would emerge at milestones (in devising sustainable methods in the rubber manufacturing industry) that could be attained within a definite period of time. “The convention should also throw ideas towards the formulation of the 12th Five-year plan,” said Ms. Thomas.
In his opening remarks, Chairman of the CII Kerala State Council Jose Dominic pointed out that greater efforts must be made to develop the manufacturing industry in the state by making utmost utilisation of the available resources and market opportunities.
Kerala Rubber Convention chairman K.T. Thomas said that such programmes would provide a platform for discussing the various business opportunities provided by the rubber manufacturing and processing industry.
A.V. George, Chairman of the CII Kottayam Zonal Council delivered the concluding remarks.
Various plenary sessions were held as part of the programme. Prominent dignitaries who had participated in the sessions include Consul General of Thailand Dr. Paisan Maraprygsavan, Consul General of Malaysia Anuar Kasman, Indonesian Trade Promotion Director Aksamil Khair; Managing Director of Harrisons Malayalam Ltd. Pankaj Kapoor; Director-General of Automotive Tyre Manufacturers’ Association Rajiv Budhraja; and Rubber Research Institute of India Director Dr. James Jacob.
(The Hindu Business Line, India, June 15, 2011)





Apollo Tyres enters Sri Lanka market
June 15, 2011


Haryana, India – India’s largest tire manufacturer, Apollo Tyres, entered the Sri Lanka market through a tie-up with Ideal Motors, the automobile distribution and marketing arm of the Ideal Group of Companies. The Ideal Group is one of Sri Lanka’s fastest growing automobile majors with a focus on assembly, distribution of automotive spares and accessories with multiple outlets throughout the island. Ideal has also formed a new company, Ideal Wheels & Tyres, for the distribution and retailing of Apollo tires.

Initially Apollo Tyres will focus on passenger vehicle and cross-ply truck and light truck tires. This will be gradually expanded over time to include Apollo’s entire range currently sold in India, including truck, bus, radial, agriculture and off-highway tires, if and when needed.





China importing more rubber to keep up with auto markets demands
June 15, 2011


Natural rubber demand in world’slargest auto market China continued to boost the commodity as the demand expected to climb by nearly 8 percent, analysts said.
According to China Rubber Industry Association, country’s rubber demand is expected to hit to 2.89 million tons on strong growth in the vehicle market.
Meanwhile, China’s rubber imports are also on the rise as imports for May hit 120,000 tons, up 33.3% more than the 90,000 tons it imported in the same period of last year.
The May imports, however, were 33.3% less than the 180,000 tons imports in April.
In the first five months of 2011, China’s natural rubber imports swelled 6.4% year on year to 770,000 tons. China imported 1.71 million tons of natural rubber.
Last month, the country imported 122,063 tons of synthetic rubber, down 9.5% year on year from 134,845 tons but up 3.2% month on month from 118,300 tons.
During the five-month period, China’s synthetic rubber imports totaled 625,325 tons, down 13.9% year on year.
According to a separate report from General Administration of Customs, China imported $1.31 billion worth of natural rubber in the first quarter of this year, reflecting a year-on-year jump of 145.4%, and the average import price stood at US$2,600 per ton, doubled that of the first quarter of last year.
Analysts said the surged imported prices of natural rubber were caused by severe drought principally in the Southeast Asian countries, such as Thailand, Indonesia, Malaysia and Vietnam.
China’s natural rubber production growth almay be little changed this year as a drought in key growing regions curbs output, according China Natural Rubber Association.
Drought in Yunnan is particularly dire as the region accounts for 40 percent of total production and is China’s second-largest rubber producer after Hainan province.
China overtook the US as the world’s largest auto market in 2009 as government stimulus boosted sales by more than 40 percent. Total tire consumption will rise to more than 404 million tires in 2010 compared with a record 380 million last year, China Rubber Industry Association’s Fan said.