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China's rubber appetite fails to boost prices amid over-supply

LAUNCESTON, Australia: Pop quiz. Of the major commodities where China is the world's biggest buyer, which has seen the largest increase in imports so far this year?
The answer is rubber, both natural and synthetic.

The declines came as a meeting of the top producers, Thailand, Malaysia and Indonesia, decided not to curb output of the commodity mainly used to make vehicle tyres.  The top three producers, which account for about 70 percent of global natural rubber supplies, have struggled for several years to rein in excess output, generally with limited success.

China’s rubber appetite fails to boost prices amid oversupply

Despite strong Chinese demand, rubber prices are likely to struggle, with demand-led gains an extremely slow process, until the major producers can convince the market that they are serious about lowering output.

Inelastic demand for rubber gloves

ON the surface, it looks like tough times for rubber glove makers — with raw material costs escalating and a weaker US dollar against the ringgit potentially eating into revenue.

CIMB Research retains overweight on glove makers, Kossan sole Add call

KUALA LUMPUR: CIMB Equities Research is retaining its overweight call on the Malaysian glove makers with Kossan Rubber Industries as its sole Add call.

Kossan gloves used in clean-room environment for semiconductors.

Higher rubber glove prices likely

PETALING JAYA: Rubber glove prices may rise by as much as 9% to 12% within the next few days, mainly due to the after effects of Hurricane Irma. According to the Malaysian Rubber Glove Manufacturers Association (Margma), the devastation has caused the prices of butadiene, an important material in the production of nitrile latex, to soar as its production has been severely affected

Price review: Margma is advising its members to revise their glove prices to better reflect the sharp rise in production cost.

Brace for higher rubber glove prices, says trade body

KUALA LUMPUR: Consumers will have to brace for higher prices of rubber gloves over the next few days due to the distruption in a base material for producing nitrile latex and also higher latex prices.

Malaysian Rubber Glove Manufacturers Association (Margma) president Denis Low Jau Foo estimated glove prices could increase by as much as 9% to 12 % this time around depending on the glove type.

Delegation to bring up issue of rubber price stability at Thai conference

KUALA LUMPUR: Malaysia will bring up the issue of the stability in world rubber prices at the coming International Rubber Tripartite Conference to be held in Bangkok, Thailand this Friday.

In a statement, the Plantation Industries and Commodities Ministry said Minister Datuk Seri Mah Siew Keong(filepic) would lead the Malaysian delegation to the conference.

Malaysia to raise issue of rubber price stability at conference

KUALA LUMPUR: Malaysia will bring up the issue of the stability in world rubber prices at the coming International Rubber Tripartite Conference to be held in Bangkok, Thailand, on Sept 15.

Malaysia is the fifth largest global producer of natural rubber after Thailand, Indonesia, Vietnam and China.

Megatrends and the future of natural rubber

From PROFESSOR DATUK DR AHMAD IBRAHIM, UCSI University

Top rubber producers say NR price trend not reflective of fundamentals

KUALA LUMPUR: The region’s top traditional rubber producers - Thailand, Indonesia and Malaysia - believe the current low price of natural rubber (NR) does not reflect the economic fundamentals that affect it.

ITRC member countries account for 65% of global natural rubber (NR) production and 72% of world NR exports.

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