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Vol. VI 24
1st JULY 2015
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127
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117
115
crisis, forcing it to discontinue
The natural rubber sector in
113
` 111.01
111
L - ` 111.01
nearly 25 different schemes they
Kerala, which has been almost
JUN 16 17 18 19 20 22 23 24 25 26 27 29 30
were following for promoting
paralysed since the third quarter
Visit: www.rubber4u.com /Statistic/Commodity Markets
natural rubber during the past
of the financial year 2014-15
one year. While the approved plan
following the unprecedented price fall,
outline for the Board was `.176 crore
has plunged into further trouble, owing
for the year 2013-14, the Central
to the ineffectual and adverse policies
government had released only `.157
of the governments and the latest in the
crore, which forced them to hold the
series is the exclusion of traditional
release of the subsidy to next year.
areas of rubber cultivation from the
However, though the plan outline was
planting subsidy schemes.
`.192 crore for 2014-15, the
government had released only `.150
Though, the Minister of State for
Commerce and Industry Nirmala Kerala is witnessing a series of crore, yet, the Board managed to
Sitharaman, assured that Kerala has unprecedented protests over the steep release the planting subsidy for the
not been excluded from the scheme fall in the price of rubber and the future previous year and put the on-going
and said that the government has prospects of the rubber farming sector year’s subsidy on hold.
invited applications for subsidies from look grim. There has been a significant
the non-traditional cultivation areas in fall in budgetary allocation, which put According to a press release issued by
the Rubber Board in severe financial the Rubber Board said the scheme is
the first stage.
Bleak future
for
plantation
sector
Oil Extended - S6090WF, S600WF
Medium Mooney - S512F
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Importer & Distributor
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SUPRENE EPDM RUBBER
Low ENB - S537-2
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High Mooney - S5890F, S552
Phone: 91 22 25092756 Fax: 91 22 25092752 E-mail: [email protected], [email protected]
Second Section - Rubber4U - 1st July 2015
NATIONAL - Update 4 U
available for all regions, including
traditional and non-traditional rubber
growing areas. Considering the
resources available in the first quarter
of the year, the Board has invited
applications from non-traditional and
North-East regions.
On the other hand, latest figures show
that there is a shortage of 3.65 lakh
tonne of rubber in 2014-15. Such a figure
is sufficient to justify the import of rubber
to the tune of 4.4 lakh tonnes in the
previous year. When the import moves
in such ratio and farmers continue to
abstain from production, the plantation
sector will plunge into further crisis.
2
revision also. The stock report is being
prepared based on assumptions.
Basically it is an area where a conflict
of interest prevails. But there should be
a comprehensive solution for the issue
taking into consideration of interests of
growers, industry and small
manufacturers.
Natural Rubber Performance
May 2014
May 2015*
Growth %
April & May’ 14
April & May’ 15*
Growth %
(Qty. in Tonnes)
Prodn
Consump
Import
Export
Stock
53000
48000
-9.43
104000
93000
-10.58
83800
84000
0.24
165300
166000
0.42
34702
34448
-0.73
63842
72364
13.35
32
0
-100.00
60
8
-86.67
205000
230000
12.20
205000
230000
12.20
Anomalies in calculation in terms of
production and consumption of rubber
have been a long debated subject; both
producers and consumers argue
aggressively stating that they are right.
But the truth, it seems, lies in the
middle. When go by the production,
import, export and carry over figures,
historically available with the Rubber
Board, on an average there is a
mismatch of at least one lakh tonne.
(See more details on page no. 4)
Mathematical error on export, import
and balance stock causes economic
loss to the nation. Hence the
government should take steps in order
to rectify these mistakes, said
Chandrasekharan Nair, a rubber
grower and expert in the field.
The major reason behind the mismatch
is that, data collection from the growers
is doubtful, the production figures in
‘000 itself is the proof of it, while
consumption, import and export figures
seems to be somewhat perfect after the
The share of agriculture in Kerala’s economy has
plummeted from nearly 37% in 1980-81 to 8.83%
in 2013-14, and unless steps are taken to encourage farming/agriculture, the situation will worsen
further. The sudden spotlight on agriculture in the
state follows due to sharp fall in prices of natural
rubber, where prices are ruling at a 5-year low. Second Section - Rubber4U - 1st July 2015
NATIONAL - Update 4 U
3
Dri
ve a
gainst ille
gal mone
y lender
s
Driv
ag
illeg
money
lenders
The ‘Operation Kubera’ was launched
last year by Kerala government, has
been revived. “Operation Kubera” is the
drive against loan sharks, as illegal
moneylenders drive thousands of
families into the debt abyss against the
backdrop of a shrinking rural economy,
marked by the fall in natural rubber
price and the formal banking sector’s
failure to meet credit needs of the
common man. Few days back suicide
by a pensioner who had been
threatened by a loan gang, and the
arrest of two women moneylenders
have prompted the police to relaunch
the operation.
financial enterprises and unauthorised
non-banking financial institutions,
which are collectively dubbed the
‘blade mafia.’
The decline in rubber prices over the
past two years has widened the reach
of the loan sharks across the State.
Initially, the police raided the houses and
offices of several illegal moneylenders,
but the initiative lost steam midway.
In the last financial year, the bank
deposits by non-resident Keralites
crossed the trillion-rupee mark in
Kerala. Chief Minister Oommen
Chandy, at a State-level bankers
meeting on Monday, came down
heavily on the banks for their reluctance
to lend within Kerala.
Illegal money lending has flourished
mainly because of the formal banking
sector’s reluctance to lend to small
borrowers. Also, the guarantee
requirement, extensive paperwork and
delay make bank credit often
inaccessible to the small borrowers.
The drive will target usurers, illegal
lenders, kuries, chit funds, informal
Absence of buyers
On 30th June, international market closed in
negative as expected, which was forecasted on
www.rubber4u.blogspot.in. As far as local
market is concerned, there were no buyers in
the markets, but the commodity managed to close
at `.129.50 per kg, due to short supplies. WTI Cr
ude Oil
Crude
Prices
US$58.78
On 30th June 2015
- 8.30 PM IST
01 June
30 June
Second Section - Rubber4U - 1st July 2015
NATIONAL - Update 4 U
4
Tyre recall mechanism must to ensure safety
At a time when the Ministry of Road
Transport and Highways is trying to put
in place legislation for vehicle recall,
Indian Foundation of Transport
Research and Training (IFTRT) has
written to the Consumer Affairs Ministry,
seeking a tyre recall mechanism, as
tyres have a big impact on the safety
and performance of a vehicle.
The IFTRT has called for manufacturers
to define the quality parameters of
tyres, such as the limits of rolling
resistance or friction.
According to senior fellow of the IFTRT,
S.P Singh, to protect consumers, the
limits for rolling resistance of tyres in India
for mandatory tyre recall mechanism
should be brought in the country. As
vehicle owners change tyres during the
course of using a vehicle, accountability
for the problems caused due to tyres lies
with the tyre manufacturer, not the vehicle
manufacturer. The US, Europe, Japan,
Korea and China have mandatory tyre
recall mechanisms, whereas India does
not have any such rule yet.
Industry seeks govt intervention to stop declining rubber production
Raising concern over the fall in rubber
production for the third consecutive
year, the tyre and rubber industries
have sought urgent government
intervention to stop the declining trend
of domestic natural rubber production.
Rubber consuming sector pointed out
that there was a significant decline in
production of 11%, while consumption
increased by 4%, in the first two months
of 2015-16. As a result, the domestic
production-consumption gap is
widening. In the previous fiscal, the gap
was more than 3.6 lakh tonnes. This is
likely to increase further in the current
fiscal. The domestic rubber availability
has emerged as a major concern for
rubber consuming industries.
Automotive Tyre Manufacturers
Association (ATMA).
The Automotive Tyre Manufacturers
Association (ATMA) fears that another
consecutive year of fall in natural rubber
production would be a huge blow to all
rubber consuming industries.
With automobile sector coming out of
a long recession, the demand for
natural rubber is expected to go up
during the current fiscal. The tyre
industry has put in large investments
to meet the pick-up in auto demand but
raw material concerns are likely to play
a spoilsport in the Make-in-India story
as far as the tyre sector is concerned,
said Rajiv Budhraja, director general of
Uncertainty in domestic rubber
availability is giving jitters to rubber
MSMEs who do not have the ability to
have large inventories, said Mohinder
Gupta, President of All India Rubber
Industries Association (AIRIA).
Both AIRIA and ATMA are disturbed that
the import duties on rubber have been
jacked up, when the domestic
production is falling. The worst impact
is on the small scale manufacturers. The
industry has reiterated its campaign that
the purchase tax of 5% on natural rubber
should be abolished immediately. Rubber Scenario during April 2014-March 2015
Figures in Tonnes & provisional
NR Available
Year
A
NR Utilised
NR
Production
NR
Imports
NR
Consumption
NR
Export
B
C
D
E
STOCK
Calculated
Stock
Rubber Board
Stock
F
G
H
(H+B+C-D-E) (G+B+C-D-E)
Opening Stock for 2014-15
April 2014
51,000
29,140
May
53,000
34,702
June
63,000
32,950
July
54,000
43,104
August
51,000
43,908
Sept.
60,000
41,848
October
58,000
36,865
Nov. 2014
60,000
33,721
Dec. 2014
63,000
30,361
Jan. 2015
60,000
30,441
Feb. 2015
42,000
28,807
Mar. 2015
35,000
25,942
81,500
83,800
85,285
88,400
86,300
85,500
83,000
85,300
85,820
84,000
83,025
87,000
28
31
60
36
0
8
8
26
118
211
211
273
Monthly
Difference
in Stock
I
(H-F)
Difference
in Stock
J
(H-G)
250,000
250,000
250,000
0
0
248,612
233,871
215,605
215,668
200,608
201,340
211,857
213,395
217,423
231,230
227,571
203,669
248,612
252,483
263,088
271,756
280,064
296,404
308,261
316,656
324,079
330,309
317,880
291,549
230,000
205,000
207,000
192,000
185,000
200,000
205,000
210,000
225,000
240,000
230,000
245,000
-18,612
-28,871
-8,605
-23,668
-15,608
-1,340
-6,857
-3,395
7,577
8,770
2,429
41,331
-18,612
-47,483
-56,088
-79,756
-95,064
-96,404
-103,261
-106,656
-99,079
-90,309
-87,880
-46,549
If Rubber Board figures are to be belived, then the figures under colm. Calculated Stock should have been the actual stock.
Second Section - Rubber4U - 1st July 2015
NATIONAL - Update 4 U
5
Price support
support to
to help
help worried
worried farmers
farmers after
after the
the final
final call
call
Price
Kerala government has come up with
a price support scheme to ensure that
growers receive `.150/kg for natural
rubber. The scheme would utilise `.300
crore that was earmarked in the state
budget for the purpose.
Mani hit a road block. The meeting held
on 17th June was not conclusive
because of difference of opinion
regarding the proposal to directly
transfer the difference in price to the
bank accounts of beneficiaries.
A sub-committee will hold another
meeting to take a final call on the
implementation of the scheme as
modalities of the scheme could not be
finalised as talks with representatives
of various farmers’ organisations by the
Chief Minister Oommen Chandy and
attended by the Finance Minister K M
Growers who want to avail the price
support scheme should have less than
five hectares and financial assistance
would be limited to two hectares per
registered applicant. The maximum
eligible financial assistance for each
applicant will be calculated at the rate
of 1,800 kg/hectare in all cases and it
Aeolus plans to launch PCR tyres
Chinese tyre manufacturing giants,
Aeolus Tyres is among the top 20 tyre
brands globally and has made its
mark in 140 countries, has been
selling tyres for trucks and other
heavy vehicles in India. Aeolus plans
to launch a range of high
performance passenger car radial
(PCR) tyres in India.
Deepak Yadav, director at Aeolus Tyre
India said though we are new entrants
in India, I am confident about our
success as only sturdy and good quality
tyres can last for long on Indian roads.
We will also be introducing some pathbreaking solutions in the tyre industry
in India which will be unveiled soon
through our campaign.
will be payable to both sheet rubber and
latex. The Rubber Board will ensure
maximum participation of growers with
the help of Rubber Producers Societies.
Leaders of farmers’ outfits were of the
opinion that norms for financial
assistance should be simplified and the
only criteria should be the extent of
rubber holdings. Another suggestion
was that the state should think of rubber
procurement using the budget
allocation and stock the produce in the
godowns of State Ware Housing
Corporations.
According to market sources, Kerala
government is expected to start
procurement in a month or two.
Market prices is expected to move
up to `.145-`.150 a kg level once
procurement starts. However,
international prices will hold key even
at that time. If the prices fall sharply,
it will facilitate increased imports
and the domestic demand will remain
subdued, keeping the prices low.
Technical seminar on quality assurance
Indian
Rubber
Manufacturers Research
Association (IRMRA) a
premier research and
development organization
established to serve the
rubber & allied industries
conducted a technical
seminar on Quality assurance through
Testing and Compounding of Rubber
Raw Materials/Products, held on 9th
June 2015 at IRMRA - Thane.
It was a successful program with more
than 35 members attending the event.
RCMA members also took part in the
technical seminar, which highlighted
Now is the time to be in touch
with the Commodity Market
So, be in touch with
www.rubber4u.com
(Single Window Website,
where Advertisement visibility is 100%)
various technical aspect of Rubber. The
participant’s queries were solved by the
IRMRA technical team. Later they
visited the Lab of IRMRA.
Trade Date: 30th June 2015
India
Month
July 2015
August 2015
September 2015
at 20:40 IST
(Prices in `. / kg)
Open
High
Low
Close
129.51
130.77
131.50
129.85
130.77
131.50
128.80
129.75
130.00
129.09
129.93
130.06
Second Section - Rubber4U - 1st July 2015
NATIONAL - Update 4 U
Ker
ala seek
s funds
erala
seeks
for subsidy
Kerala government approached the
Centre seeking funds for providing
assistance to affected farmers. Kerala
State Finance Minister K M Mani, who
met Union Finance Minister Arun Jaitley
and submitted a memorandum in which
he said, the state government is
launching a Price Support Subsidy
Scheme for rubber farmers. The
assistance would provide relief to lakhs
of rubber growers, who are living in
distressed conditions now. Rubber
farmers will be provided a subsidy that
is the difference of the daily price
published by the Rubber Board and the
support price of `.150. The scheme is
being implemented in collaboration with
the Rubber Board. This will ensure that
all small rubber growers get an assured
price of `.150 per kg. I request the
Government of India to extend a
support of `.500 crore from the Price
Stabilisation Fund to supplement the
resources of the state.
Tyrexpo India at
Chennai
The number of Indian and international
tyre companies have reserved booths
at Tyrexpo India 2015 will be held
during 7-9 July 2015 at Chennai Trade
Centre, Tamil Nadu-India. The
exhibition concentrates on the
attributes of the Indian tyre market and
what the country can offer international
businesses in the future.
For the first time at the Tyrexpo India
show, a TyreTalk seminar series will be
held, which serves as a platform for
delegates and exhibitors to gain
valuable information on a number of
important tyre related topics such as
challenges and future business
opportunities in India and the south
Asian region.
6
Rubber Board supports
RubberTec Expo
Rubber Board of India has confirmed
their participation and support to
RubberTec Expo 2015 scheduled to be
Rubber
Market
Holidays
held during 19-21 November 2015 at
Bombay Exhibition Centre, Mumbai.
RubberTec is set to bring together the
entire rubber industry professionals and
machinery manufacturers alike along
with international participation.
Date
Exchange/Country
1st July
16 to 21st July
18 & 19th July
20th July
30th July
THAILAND
INDONESIA
MALAYSIA
TOCOM
THAILAND
Occasion
Mid Year Closing
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For more details contact:
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E-mail: [email protected];
[email protected]
www.rubber4u.com
Second Section - Rubber4U - 1st July 2015
NATIONAL - Update 4 U
7
IRSL to invest in Haryana
Stock Market 4 You
The Haryana government is considering to convert denotified
special economic zones (SEZ) into industrial estates in order
to boost manufacturing activity in the state.
Rubber & Rubber related
Companies
Suggestions have been sought for new industrial policy from
all stakeholders about the draft industrial policy and it is
expected that it would be rolled out around 15th July. The
new policy will be a single window clearance in real manner
for fast clearance of new project proposals in the state. And
moreover, focus will also be on promoting small and medium
enterprises. The state government was receiving various new
investment proposals; several companies like Indian Synthetic
Rubber Limited (ISRL), mobile handset manufacturer
Micromax have shown interest in investing in the state in a
big way. Indian Oil joint venture company ISRL has proposed
to invest `.10,000 crore in Haryana.
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16.06.15 23.06.15 30.06.15
20 MICRONS
ADITYA BIRLA NUVO
AKZOINDIA
APCOTEX INDS.
APOLLO TYRES
AVT NATURAL
BALKRISHNA INDS.
BATA INDIA
CEAT LTD.
DUNLOP INDIA
ELGI EQUIPEMENTS
FALCON TYRES
GOA CARBON
GOODYEAR (I)
GOVIND RUBBER
GP PETROLEUM
GRP LTD.
HARRISON MALAYAL
HIMADRI CHEMICAL
INDAG RUBBER
JK TYRE INDS.
KESORAM INDS.
MAHA. POLYBUT
MAHALAXMI RUBTECH
MODI RUBBER
MRF LTD.
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PHILIP CARBON
PIX TRANSMISSION
PTL LTD.
PUNEET RESIN
RELAXO FOOTWARE
RELIANCE INDS.
RISHIROOP RUBBER
RUBFILA INTERNAT.
SOMI CONVEYOR
TTK HEALTHCARE
TVS SRICHAKR
VAMSHI RUBBER LTD.
32.35
31.8
33
1689.45 1763.95
1790.8
1245.15
1307.2 1251.15
440
465.8
457
165.3
169.75
169.7
30.75
30.35
32.4
700.8
723.45
712.4
1016.6
1045.15 1056.65
634.5
674.55
661.95
11.59
11.7
10.76
121
124.8
125.1
7.5
7.35
6.99
67.5
73
77.65
528.25
544.25
545.5
17.75
18.35
16.3
34.75
36.15
34.9
1018.5
1020
NA
41.15
43.25
41.25
14.8
15.8
15.45
155.1
171.3
178.1
90.4
90
81.65
78.1
73.6
74.6
1.75
1.68
1.53
2.91
2.98
3
22.65
22.65
24.4
32406.4 34259.95 34196.65
40.5
50.3
51.8
464.8
522.1
487.8
105.7
114.7
115.1
41
41.2
41.45
36.45
36.35
36.05
31.4
30.4
29.1
896.5
888.9
950.3
903.95
994.75 1000.45
17.5
18
20.25
43.85
44.75
44.85
59.85
62.5
63.3
942
966.25
889.5
1972.75 2240.75
2260.5
27.95
32.95
28.8
(Source: BSE)
We have proposed in our upcoming industrial policy that
denotified SEZs should be put in a separate category and
they be encouraged to set up industrial estates for setting up
new manufacturing units in the state, said Captain Abhimanyu,
Haryana Industries Minister and also state Finance Minister,
while addressing the reporters.
Equit y on Bombay Stock Exchange
Call: +91 - 0251-2606134, 9146095585, 8087187855
THE RUBBER AND CHEMICAL
MERCHANTS ASSOCIATION
[email protected]; [email protected]
[email protected] www.rcma.org.in
Contact: Ashok Eranjikal
Second Section - Rubber4U - 1st July 2015
interNATIONAL
Update4U
CURRENCY
CURRENCY EXCHANGE
EXCHANGE RATE
RATE
Currency
Chinese (Yuan)
Europe (Euro)
Indonesian (Rupiah)
Japanese (Yen)
Malaysian (Ringgit)
Singapore (Dollar)
Sri Lanka (Rupee)
Taiwan (Dollar)
Thailand (Baht)
US (Dollar)
Vietnam (Dong)
It is good news for Malaysian
rubber industry as the use of
frozen rubber cup lumps in the
construction of Malaysian roads
is expected to boost domestic
demand for rubber by 10%
annually. The roads will be made
Visit:
using rubber cup lumps, or
naturally coagulated latex, which will be
processed into bituminous cup lumps
and then mixed into asphalt.
Rubberised roads are costlier than
regular tarmac, but have a longer
lifespan.
The Malaysian Rubber Board estimates
4.2 tonnes of cup lumps will be needed
for each kilometer of road. While
Malaysia produces 700,000 tonnes of
rubber every year. The road network in
Malaysia now encompasses 19,714
kilometres of Federal roads, including
On 16th June
INR/1Unit
On 30th June
INR/1Unit
10.5241
72.1069
0.00482
0.52
17.0909
47.6672
0.4909
2.0785
1.9071
64.1806
0.002947
10.4831
70.8284
0.004787
0.5201
16.905
47.2741
0.4842
2.0642
1.89
63.8295
0.002929
www.rubber4u.com /Statistic/Notices/Currency
based on statistics up to 2014.
At the signing of a memorandum
of agreement (MoA) between
the Public Works Department
(PWD) and Malaysian Rubber
Board, Minister of Plantation
Conversion
Industries and Commodities
Datuk Amar Douglas Uggah Embas
said the move to increase domestic
usage is among efforts to stabilise
rubber prices and reduce the impact
on about 300,000 smallholders in
Malaysia. By using rubber in the
construction of roads, the government
hopes to contribute to the target of
increasing domestic rubber usage by
10% annually.
Rubberisation
of road to boost
rubber usage
1,996.85 kilometres of tolled highways
and 184,073 kilometres of state roads
Cup lumps are obtained directly from
rubber trees without going through any
manufacturing process.
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Second Section - Rubber4U - 1st July 2015
interNATIONAL -
Update
9
SBR market to grow at 6.1%
Global Styrene Butadiene Rubber
(SBR) market is expected to reach US$
23,144.3 billion by 2020, according to
a new study by Grand View Research,
Inc. Increasing demand for SBR in tyre
manufacturing is expected to support
the growth. The growing automobile
industry in China, India and Japan is
expected to boost the demand for tyres
which in turn is expected to drive the
SBR market over the forecast period.
The automobile industry has
witnessed significant growth over the
Raw material shortage hits
footwear industry
past couple of years, resulting in
increased demand for tyres which in
turn has boosted the demand for
synthetic rubbers such as SBR. SBR
market accounting for 73.5% of global
consumption in 2013. Footwear was a
small application segment in 2013,
however is expected to witness
significant growth over the forecast
period on account of superior
performance offered by SBR in sport
shoe soles.
Nepal’s footwear industry is running out
of raw materials as the customs office
at Tatopani, the main entry point for
Chinese imports, has been out of
service since the 25th April earthquake.
Shoe factories have been struggling to
get raw materials after the earthquake
as most of the containers are stuck on
the Chinese side of the border. The
clearance of shipments through
Tatopani has stopped with the Chinese
authorities saying that the bridge
connecting Nepal and China had
sustained extensive damage and
cannot be used.
hundreds of stranded trucks carrying
Nepal bound goods before the rains
further damage the barely operational
roads. According to sources around
250-300 containers are stranded at the
customs point.
Manufacturers said that production
would be affected badly if the situation
continued for another month. About
60% of the raw materials used by the
domestic footwear industry come from
China. Some manufacturers are about
to shut down their plants due to lack of
raw materials.
The implementation of tyre labeling
regulation in Europe, Japan and Korea,
which is a prerequisite for
manufacturing of high grade ‘Green
Tyres’, is expected to augment S-SBR
demand. EU regulations have made it
mandatory for all manufacturers to label
their tyre for wet grip and rolling
resistance. It is expected that China and
India would implement tyre labeling
regulations in line with the EU
regulations by 2015, which is expected
to have a positive impact on S-SBR
sales in near future.
Manufacturers have urged the
government to take the initiative to
reopen the border. Nepal government
has requested China to help clear the
Finished product stock for the DashainTihar festive season is not enough. This
could result in price rise during the
festive season.
The global SBR market was 5,122.4
kilo tons in 2013 and is expected to
grow at a CAGR of 6.1% from 2014
to 2020.
Don’t lag behind, adapt and move along with the technological trend
Mould yourself
in accordance with
the changing times
834
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136834
Prospective Customers
at cost cutting tariff
Right time to change, Think of Future Growth
For more information write to: [email protected]; [email protected] Website: www.rubber4u.com
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Second Section - Rubber4U - 1st July 2015
interNATIONAL -
Update
10
Tyre makers to bear increase in costs
Chinese tyre makers will have bear the
increase in costs next month when
Beijing adopts a new standard for
compound rubber. That will add to
companies’ problems after the United
States levied anti-dumping duties on
Chinese tyre exports.
In December 2014, Beijing had said it
would change the formula for the
compound, capping the amount of
natural rubber allowed at 88%. That
would make the compound more
complex to manufacture and probably
curb its use significantly.
Compound rubber, a mix of natural
rubber and a small amount of powdered
carbon, has been widely used by
Chinese tyre manufacturers in recent
years as it is not subject to the import
tariffs placed on pure natural rubber.
The government met with industry
earlier this month to discuss the issue,
TSRC to cut rubber
operations
Asian rubber producers have been
suffering from negative margins due to
high butadiene feedstock costs.
Taiwan’s TSRC Corp., formerly known
as Taiwan Synthetic Rubber Corp.,
plans to cut the operating rate of its
synthetic rubber plant further from
August amid negative margins.
Currently, the company is running the
BR plant at around 80% of capacity and
the SBR plant at around 60% of
capacity, a company source said.
raising speculation that implementation
would be delayed. But according to
analysts, Beijing was likely to push
ahead with the change, aimed at
helping domestic rubber producers.
Even if the new standard is delayed,
few rubber companies are likely to
invest in the equipment needed to make
the formula, given the relatively long
pay-back time on the investment. Your Customers are
someone else prospects.
If you won’t take care of them,
then someone else will .........
Think of
reach,
TSRC has a 60,000 mt/year butadienerubber plant and a 100,000 mt/year
styrene-butadiene-rubber unit at Tashe
in southern Kaohsiung.
Sri Lanka to implement
guaranteed price
when it is & were
Media Partner
to Rubber World Expo, RubberTech Expo,
Sri Lankan government is taking
measures to uplift the industries of the
country’s two main agriculture exports,
tea and rubber. The government recently
received the approval of its cabinet to
introduce a new mechanism to
implement a guaranteed price for rubber
and a capital loan scheme for tea
industry to boost the production by small
holders of the two commodities.
Rubber & Tyre Vietnam, India Rubber Expo & IRC Expo
Be online to reach your unknown Prospective Customers
at the lowest tariff
For more details contact:
Tel.: +91 – 9146095585 E-mail: [email protected]
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Second Section - Rubber4U - 1st July 2015
interNATIONAL US carbon
black market
to grow at 4.5%
According to TechSci research report,
United States carbon black market is
forecasted to grow at a CAGR of 4.5%
during 2015-20. Major factors driving
growth includes favourable business
environment, increase in number of tyre
manufacturing facilities coupled with
rising demand for carbon black from
various allied industries such as rubber,
paints and coatings.
US is the second largest producer and
consumer of carbon black. The tyre
manufacturers in the US planning to
expand their production capacities in
order to address the growing tyre
demand and in turn carbon black
market is expected to further grow over
the next five years. Additionally,
ongoing recovery of the automobile and
construction sectors is anticipated to
increase demand for industrial rubber.
Growing use of carbon black in newer
applications such as plastics, paints and
coatings to produce a diversified range
of specialty products is forecast to buoy
market growth.
Update
11
GRM develops new tyre press
According to ChemChina, Guilin improving energy efficiency.
Rubber Machinery (GRM) has
recently developed a 45.5 inch steel- GRM is affiliated to the China National
tyre curing press.
C h e m i c a l
According to a report by Beijing
With
the
new
Equipment Corp
based Sino Market Insight, Chinese
machine,
the
and is one of
rubber machinery market is
stability
and
China’s main rubber
expected to reach $4.07 billion by
precision of the
equipment research
2017 due to growth in the Chinese
mechanical arm are
and development,
economy and automotive industry.
improved greatly,
production, and
and vulcanization time is reduced export operations. GRM’s main
b y 2 0 s e c o n d s , l e a d i n g t o products include tyre building
enhanced productivity and due to machines, double-plex extruding
permanent insulation added to the lines, tilt-back presses, vertical and
vulcanizing chamber plates, which slide-back motion presses, and
reduces heat loss by 50%, hence
hydraulic presses.
Malaysian to invest in Sri Lanka
At the sidelines of the Special Session
of the Association Natural Rubber
Producing Countries (ANRPC)
Assembly held in Kuala Lumpur,
Malaysia’s Minister of Plantations
Industries and Commodities, YB Datuk
Amar Douglas Uggah Embas
congratulated the Sri Lankan Minister
Laksman Kiriella for the recent
presidential election of President
Maithripala Sirisena and conveyed that
the Malaysian government looked
forward to strengthen the existing
bilateral relations with Sri Lanka and
expressed that they would explore
investment opportunities in the
plantation sector of Sri Lanka.
Minister Kiriella expressed the new
government’s desire to strengthen
relations with Malaysia. The Minister
proposed a MoU to be signed
between the two countries for
cooperation in the plantation sector
and both Ministers agreed to explore
possibility to sign a MoU during the
next Joint Commission Meeting in
Colombo later in 2015.
Rubber demand to decline
According to the latest edition of
Rubber Economist, global demand for
natural rubber and synthetic rubber is
in decline this year following a sharp
rise in growth in 2014. While growth in
consumption of natural and synthetic
rubber will rise in 2016 and 2017. The
predicted trends could contribute to an
increase in rubber prices over the next
two years.
Last year, the natural rubber supply
balance turned to a deficit for the first
time in four years. The SR balance was
negative for the first time in 12 years.
Natural rubber stocks would continue
to decline, while synthetic rubber stocks
would rise in the coming years.
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Second Section - Rubber4U - 1st July 2015
interNATIONAL Dandelion project
scientists
awarded Joseph
von Fraunhofer
Prize 2015
The Fraunhofer Institute for
Molecular Biology and Applied
Ecology (IME, Münster branch), the
Institute for Plant Biology and
Biotechnology of the University of
Münster, and the Tire Division of
Continental in Hanover are
successfully collaborating on a
project entitled “RUBIN – Industrial
Emergence of Natural Rubber from
Dandelion”. The leading scientists in
the project have now been awarded
the prestigious Joseph von
Fraunhofer Prize for their research
on the Russian dandelion and the
development of car tyre prototypes
based on dandelion rubber. The
award was presented in Wiesbaden,
Germany, to Prof. Dirk Prüfer and Dr.
Christian Schulze Gronover (IME and
Institute of Plant Biology and
Biotechnology), and Dr. Carla Recker
(Continental).
With the first test tyres having already
been tested under both summer and
winter conditions, the project is running
very successfully so far. Tyres made
from dandelion rubber show an
equivalent property profile when
compared with tyres made from
conventional natural rubber from the
rubber tree.
Update
12
Synthetic Rubber plant in Madrid
Grupo Kuo S.A.B. de C.V. and Repsol chemicals and 510,000 metric tonnes
S.A. have agreed to create a new of synthetic rubber per year with
company to produce synthetic rubber estimated annual sales of about
and chemical accelerators. The new $700 million.
company will focus
Grupo Kuo estimates that by 2020,
Tomas Acevedo
on
developing
about 50% of all passenger or light
S a n c h e z ,
products for the high
truck tyres will be converted to high
commercial director
performance tyre
fuel efficiency tyres.
with Grupo Kuo said
sector.
The
agreement is subject to regulatory the new company will consist of
approvals and will be headquartered in Dynasol, Grupo Kuo’s Industrias
Madrid-Spain, the headquarters of the Negromex S.A. de C.V. (INSA) unit and
firms’ existing joint venture Dynasol Repsol’s General Quimica S.A. unit. For
now the partners are referring to the
Elastomers S.A.
new company as “Dynasol,” but the
Grupo Kuo said the to be named name will be finalized after regulatory
company is projected to produce approvals. The new company will
30,000 metric tonnes of rubber operate as a singular entity.
ContiT
ech inks Nitrile rubber for
ContiTech
ultrathin gloves
partner
ship
partnership
According to German ContiTech A.G.,
ContiTech Conveyor Belt Group,
Siemens A.G. Process Industries and
Drives Division, and Thyssen-Krupp
Industrial Solutions jointly will develop
and market a steep-angle tubular belt
conveying system.
It will rebrand belts for the mining sector
produced by Veyance Technologies Inc.
Those belts are to be sold under the
Phoenix brand name. Phoenix
Conveyor Belt Systems has been part
of ContiTech since its acquisition by the
German group in 2005.
Tommorrow’s Prospect Depends
on Today’s Decision
Synthomer has introduced a new grade
of nitrile rubber for the manufacture of
ultrathin gloves that combines
maximum sensitivity with lower raw
material usage. The product, labeled
Synthomer 6338, was launched by
Synthomer’s Health and Protection
business unit in Kuala LumpurMalaysian.
The product gives the Malaysian glove
manufacturers access to the latest
advancements in NBR technology,
improving their process efficiencies and
enabling them to produce low weight,
high performance gloves, staying
ahead of global competition.
Past practice is not the solution for future growth
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Second Section - Rubber4U - 1st July 2015
interNATIONAL -
Malaysian Rubber Board (MRB)
and Goodway Integrated Industries
Sdn Bhd (GIIB) are collaborating in
the R&D project on the application
of Ekoprena and Pureprena in the
d r y r u b b e r products sector.
Memorandum of Agreements signing
ceremony between GIIB and Malaysian
Rubber Board took place at MRB’s
office on 12th June.
The ceremony was attended by
chairman of MRB, YB Datuk Wira
Ahmad Hamzah and YBhg Datuk Dr
Salmiah Ahmad, director general of the
MRB and GIIB chief executive officer Tai Boon Wee and B.O.B Ngaau, group
technical director.
Ekoprena and Pureprena are trade
names of the specialty modified natural
rubber by MRB. They are green
materials from renewable resource that
are produced with stringent quality to
ensure its superior properties for rubber
products. Malaysia is now the pioneer
in the production of specialty rubber
such as Ekoprena and Pureprena that
can be used in green tyres and highperformance engineering products.
GIIB and MRB have signed two
MoA, i.e collaboration agreement
on Specialty Rubber Application
i n G r e e n R e t r e a d e d Ty r e f o r
Extreme Weather and Condition and
collaboration agreement on Specialty
Rubber Application in Technical
Rubber Products.
Market in red
RSS3 grade closed at `.111.01 a kg at Bangkok
and Malaysian SMR20 closed at `.94.92 a kg. Tokyo
Commodity Exchange closed in negative, July 2015
futures series closed at ¥205 a kg, August at ¥208.1,
September at ¥209.7 October at ¥211.9, November
at ¥214.9 and the contract for delivery in December
2015 closed at ¥218 a kg.
13
Rubber exports increased
Vietnam’s rubber industry made a small
recovery as rubber exports in May
recorded higher prices and volume than
April. In May 2015, Vietnam exported
78,000 tonnes of rubber, earning
US$114 million, against 58,000 tonnes
exported and $84 million earned in April
2014, according to the Ministry of
Agriculture and Rural Development.
During January-May 2015, the exports
increased 30.1% in volume to 330,000
tonnes, compared to same period of 2014.
Due to the high inventory of rubber
in the world market, Vietnam’s export
price is expected to remain low
between $1,500 and $2,500 per
tonne until 2020.
Due to our reach, We are Media Partner to various events
For Tommorrow’s Prospect,
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someone else prospects.
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then someone else will ....
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reach
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MoA between
between
MoA
GIIB and
and MRB
MRB
GIIB
Update
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Second Section - Rubber4U - 1st July 2015
Statistics-Update4U
14
INDIAN
RUBBER POSITION
During April - February
(Metric Tonnes)
Rubber
Q1
2014
Q2
Q3
Q4
Year
2718
147
88
2953
2389
130
95
2614
2917
139
68
3124
3159
144
76
3378
11183
560
327
12070
Natural Rubber Consumption
Asia-Pacific
8229
2081
EMEA
1485
396
Americas
1674
434
Total
11388
2912
2264
404
448
3116
2295
387
420
3101
2261
368
402
3030
8901
1555
1704
12159
World Natural Rubber Supply-Demand Surplus/Deficit
863
42 -502
23
348
World Natural Rubber Stocks
3209
3251
Synthetic Rubber Production
Asia-Pacific
8357
2244
EMEA
4158
1052
Americas
2960
740
Total
15475
4036
Synthetic Rubber Consumption
Asia-Pacific
8965
2392
EMEA
3686
937
Americas
2815
711
Total
15466
4040
2749
2491
959
730
4180
2772
2481
974
742
4197
3121
2543
967
760
4270
-89
3121
9760
3952
2972
16683
10268
3558
2931
16757
World Synthetic Rubber Supply-Demand Surplus/Deficit
8
-4
-44
-24
-2
-74
2564
918
741
4224
4229
2616
859
746
4221
4205
% Synthetic Rubber in Total Rubber Consumption
57.6
58.1 57.5 57.6
Notes:
Stocks refer to end of period volumes.
Natural Rubber (NR)
Ribbed Smoked Sheet
Solid Block Rubber
Latex Concentrates (drc)
Others
430380
90355
61490
27775
525560
98560
61170
41010
Total
610000
726300
27545
95485
9689
19960
73485
9189
Total
132719
102634
Total NR & SR
742719
828934
Natural Rubber (NR)
Ribbed Smoked Sheet
Solid Block Rubber
Latex Concentrates (drc)
Others
471870
361820
77790
20080
510625
292480
71310
19705
Total
931560
894120
Synthetic Rubber (SR)
Styrene Butadiene (SBR)
Poly Butadiene (BR)
Others
196875
156240
135970
202800
143525
94070
Total
489085
440395
1420645
1334515
119250
118850
8155
113660
113170
7645
Synthetic Rubber (SR)
Styrene Butadiene (SBR)
Poly Butadiene(BR)
Others
Consumption*
Total NR & SR
*: indigenous and imported
2696
844
733
4272
World Synthetic Rubber Stocks
4277
4272
2014
Production
Global Rubber Performance
2013
Year
Natural Rubber Production
Asia-Pacific
11386
EMEA
539
Americas
326
Total
12251
2015
4203
58.5
Reclaimed Rubber (RR)
Production @
Consumption
Stock with Manufacturers
(End of February)
@: indigenous purchase by manufacturers
4203
58.0
(Source: IRSG Rubber Statistical Bulletin)
Import / Export
Import (p)
Natural Rubber
Synthetic Rubber
388664
370213
335349
339061
Total NR & SR
758877
674410
729
5365
Export (p)
Natural Rubber
p:provisional
Second Section - Rubber4U - 1st July 2015
(Source: Rubber Board)
EVENTS4U
15
Day Session (09:00 - 15:15) As of 30th June 2015 16:00 JST
Trade Date: 30th June 2015
Month
Last Setl. Price
July 2015
210.2
August 2015
213.4
September 2015
215.4
October 2015
218.1
November 2015
221.6
December 2015
224.3
Open
207.8
211.1
213.7
216.0
218.6
221.5
Exhibition
High
207.8
211.3
213.7
216.0
218.9
221.5
Low
204.1
206.4
208.7
210.6
213.3
216.1
Close
205.0
208.1
209.7
211.9
214.8
217.9
Tyrexpo India 2015
7 - 9 July 2015
At Chennai Trade Centre, India.
Conference
SCHEDULE
SULPHUR POWDER
Change
-5.2
-5.3
-5.7
-6.2
-6.7
-6.3
(Prices in yen / kilogram)
Volume
35
92
306
1,906
7,741
13,242
Settlement
205.0
208.1
209.7
211.9
214.9
218.0
Phil Auto 2015
17 - 19 July 2015
At SMX Convention Centre,
Manila, Philippines.
9th Rubber & Tire Markets
19 - 20 August 2015
At Jakarta, Indonesia.
Rubber Grade
“SAPPHIRE” BRAND
Manufactured by
Ulhas Oil & Chemical
Industries Pvt. Ltd.
through latest technology process to ensure
high quality product for rubber industry
Specification:
Sulphur Content: At least 99.5%
Ash: Not exceeding 0.10%
Acidity: Not exceeding 0.01%
Particle Size: 200/250 Mesh
Packing: Packed in laminated woven HDPE Bags
with 50kgs net material per bag.
Sir Vithaldas Chambers, 4th Floor, 16,
Bombay Samachar Marg, Fort,
Mumbai - 400 001, India.
Phone: + 91 - 22 - 2204 5863 / 7648
E-mail: [email protected]
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Rubber4U, published by Caprint, exercise due care and caution in collecting the news / data before publication. In spite of this if any omission, inaccuracy or error occur
with regard to the news / data contained in this bulletin, Rubber4U / Caprint will not be held responsible or liabale.
Second Section - Rubber4U - 1st July 2015