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KUALA LUMPUR: A price war in the synthetic rubber glove market would probably not materialise as growing demand from developed nations will be more than enough to offset the need to push prices dramatically down.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Italian oil company Eni’s chemical unit say they have inked a joint-venture agreement to make synthetic rubber in Malaysia.
BEIJING (Reuters) - China's Ministry of Commerce said on Friday it would levy anti-dumping duties ranging from 23.1 percent to 75.5 percent on halogenated butyl rubber from the United States, the European Union and Singapore starting from Aug 20.
TOP Glove Corp Bhd plans to rapidly ramp up capacity at its relatively new synthetic rubber glove manufacturing division in China to replicate the group's achievement in the natural rubber glove sector. 'We have just bought 30 acres in China for the expansion,' executive chairman Datuk Dr Lim Wee Chai told I>StarBiz/Iat a meeting in his office in Klang.
THE demand for synthetic rubber or nitrile gloves is growing at a robust pace, but even so, industry players do not expect it to replace the need for natural rubber, which currently makes up 70% of global consumption.
PETALING JAYA: Malaysian rubber grade SMR 20 and latex-in-bulk are expected to trade higher in the mid-term as demand for natural rubber picks up due to soaring crude oil prices which makes synthetic rubber more expensive, dealers said.
KUALA LUMPUR: Malaysia’s tyre manufacturers are unable at the moment to meet the demands of the national automotive industry because of non-competitive raw material prices.
Natural rubber will be more in demand as the price of synthetic rubber increases, said Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
The price of rubber has managed to remain relatively steady despite a steep correction in prices of other commodities due to burgeoning demand. An increase in the consumption of rubber as well as high prices of crude oil, which is used to make synthetic rubber, had pushed up natural rubber prices in recent months, experts said.
LONDON: Lanxess AG and Saudi Arabian Oil Co said they will form a 2.75 billion-euro (US$3.1bil) venture to draw on the Middle East company’s access to raw materials and make a struggling synthetic-rubber division more competitive.