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Global Rubber demand for 2012 may remain subdued on weak automobile industry KOCHI (Commodity Online): Rubber demand across the
globe may remain subdued for rest of the year 2012 on weak global auto
markets. Rubber prices in India has dropped by around 22-23% to Rs185
per kg from peak of Rs 240 per kg nearly 15 months ago.
According to analysts, the automobile industry in major rubber
consuming nations like India, China is expected to remain subdued on
weak economic conditions.
In India, the auto sector is expected to slow down to single digit in the in the coming 12-15 months.
Rubber is mostly consumed by the tyre industry across the globe. With
the present situation, automobile sector is experiencing slowdown and
is hurting the rubber prices.
Meanwile, in Tokyo Commodity Exchange (TOCOM), rubber futures Friday
firmed after stimulus measures taken by three major central banks,
showing sign of improvement in Euro zone crisis.
Rubber for July delivery, in TOCOM, traded at 246 yen per Kg and in
India's National Multi Commodity Exchange (NMCE), the commodity traded
at Rs 18525 per ton on 6th July at 11:30 IST. Total hits:
6
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Last modified:
06/07/2012 03:58:34 PM | | | Recent:
 Copper marginally down on weak global cues16/05/2013 04:08' PMTracking a weak global trend, copper prices fell marginally by 0.10% to
Rs 401.25 per kg in futures trade today as speculators offloaded their
positions. Northeast Asia Confronts PVC Consolidation16/05/2013 03:55' PMASIAN higher cost polyvinyl chloride (PVC) producers are facing the
twin squeeze of increased electricity costs and very competitive exports
from the US, according to an industry source the blog met with in
Taipei, ahead of tomorrow and Friday's 2013 Asia Petrochemical Industry
Conference (APIC). Asia ABS rebounds on buoyant feedstock, demand weak16/05/2013 03:46' PMSINGAPORE (ICIS)--Asia acrylonitrile-butadiene-styrene
(ABS) prices trended higher in the first half of May gaining up to
$50/tonne (€39/tonne) to the relief of suppliers though demand remains
weak amid slow end-user orders, market participants said on Thursday. Iron Ore Seen Strong Into 2014 on China Steel Demand, Supply15/05/2013 03:35' PMIron ore prices will remain strong
into 2014 on sustained demand in China, the largest producer of
steel, and as an increase in global supply takes longer than
expected, according to Morgan Stanley. Rubber Snaps Five-Day Rally as Rebound in Yen Reduces Appeal14/05/2013 04:29' PMRubber fell from a two-month high,
snapping a five-day winning streak, as a rebound in Japan’s
currency against the dollar cut the appeal of yen-based futures. Crude oil and commodities decline as dollar rises14/05/2013 03:30' PMFriday provided a good test of the blog's analysis that Japan's aggressive policy of devaluing the yen could result in major downward pressure on crude oil prices: Europe May paraxylene contract rolls over14/05/2013 03:09' PMLONDON (ICIS)--The May European paraxylene (PX) contract has been fully
confirmed at €1,120/tonne ($1,455/tonne), a rollover from the previous
month, as the initial settlement received further support from players on Monday. | Other News: Copper Climbs for Third Day as U.S. Data Boost Demand Outlook01/01/1900 12:00' AMCopper rose for a third day as a
better-than-estimated service-sector growth in the U.S., the
world’s second-biggest user of the industrial metal, boosted the
demand outlook. Aluminum, zinc and lead also advanced. Copper falls on weak euro and interest rate cuts06/07/2012 03:51' PMSHANGHAI( Commodity Online): Copper falls on thursday as euro slumped to a one-month low against the dollar and interest rate cuts in Europe and China. Rubber Climbs to Five-Week High as U.S. Auto Sales Top Forecast05/07/2012 09:25' AMRubber advanced to the highest level
in almost five weeks as U.S. factory orders and auto sales
topped estimates, raising speculation demand will improve for
the commodity used in tires. Copper Drops From Seven-Week High on Signs of Slowing Economies05/07/2012 09:21' AMCopper fell from a seven-week high in London as signs economies are slowing worldwide fed concern that
demand may weaken. It’s time to adjust dong/dollar exchange rate04/07/2012 02:16' PMVietNamNet Bridge – Some bankers have urged the State Bank of Vietnam to
regulate the dong/dollar exchange rate in a flexible way to ensure the
harmonization of different economic goals, instead of trying to stabilize the
exchange rate somehow. Work begins on large tyre plant04/07/2012 10:11' AMHAI PHONG — Bridgestone Tyre Manufacturing Viet
Nam Limited Liability Co (BTMV) yesterday started work on a car tyre
plant in the Dinh Vu Industrial Zone in northern Hai Phong City. Rubber Climbs for Second Day on Expectations for Monetary Easing
03/07/2012 03:53' PM
Rubber advanced for a second day on
speculation that central banks may ease monetary policy after
manufacturing unexpectedly shrank in the U.S. |
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LONDON (ICIS)--The European polyethylene terephthalate (PET) market is in limbo as producers decide how best to
limit losses in ... | |  PVC demand has remained weak in 2009 following collapse in consumption in H2-2008 as the weak economic outlook continued to ... | |
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