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Myanmar rubber exports set to rise

Friday, November 17, 2017
Naypyidaw, Myanmar - The price of rubber has fallen below its cost of production in major exporting countries. Yet, international demand for rubber produced in Myanmar has risen and insiders reckon things could remain upbeat for a while more. “Myanmar rubber production will certainly increase on the back of rising international consumption and demand,” U. Myo Thant, vice chair at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times. The emerging trend represents a rare opportunity for Myanmar rubber producers to secure a foothold in the global market after lagging for years behind the world’s three major rubber producing countries: neighboring Thailand as well as Malaysia and Indonesia. The global rubber trade is an inherently cyclical one. Rubber tree saplings take 7-10 years to mature before the barks are removed to harvest natural rubber, a sticky, cream-like sap which is used to produce tires and other goods. The rubber produced is then processed and graded for quality. RSS3 rubber, for instance, is used as a component in tire-making, while RSS5 is of cheaper and lower-grade quality. According to U. Myo Thant, major rubber producers will soon be unable to supply sufficient quantities of rubber to tire factories in China and other importing countries because rubber saplings have not reached the right age for harvesting. Meanwhile, the International Tripartite Rubber Council (ITRC) comprising Thailand, Malaysia and Indonesia announced this month that it expects the ‘La Nina’ weather phenomenon to bring heavy rains to the region in the coming months, which will affect production and supply of natural rubber to global markets. The ITRC also concluded that current prices of rubber were “not reflective of market fundamentals.” Prices of Thai natural rubber have fallen from a peak of 179.25 baht ($5.41) per kg in 2011 to 47.75 baht on November 10, according to Reuters. This is where Myanmar can step up to fill the gap and establish itself as a serious rubber exporter, U. Myo Thant said. Currently, there are some 1.6 million acres of rubber plantation land in Myanmar, with 7 million trees now at the right age for harvesting natural rubber. Most of the country’s rubber trees are grown in Mon State as well as in the Taninthayi and Bago regions. Demand already appears to be rising, with more than 700 metric tons exported to China and Thailand via Myanmar’s order gates in the second week of October compared to 460 metric tons in the first week of that month, according to government data. In September, Myanmar exported a total of 1,077 metric tons of rubber. Around 80 percent of the rubber produced is exported to China, with the remaining sold to Thailand, Malaysia and Japan, as well as local factories. Yet, rubber prices in Myanmar lag behind global spot prices when rising, but fall just as fast,” said U. Mehn Htein Win, coordinator for the Mon State Development Advisory Group. For example, Myanmar rubber prices are currently K835-K840 per pound, while the Thai equivalent is K873 per pound. This is due to inconsistent grades of rubber produced by local plantations. “Around 85 percent of Myanmar rubber plantations is run by small-scale rubber farmers, which causes the product form and quality to differ from each other. Myanmar rubber production is not standardized. We can’t guarantee consistency across one product form,” he said. U. Tun Htay, Mon State Minister for Agriculture, Livestock, Transportation and Communications, told local media that 90 percent of Myanmar rubber is low-quality, resulting in industry losses of K 400 million a year. Because of the lack of quality and demand for Myanmar-produced rubber, producers are at a disadvantage and forced into becoming price takers of selling their products. The other reason for poor quality is the lack of skilled manpower. “Our region is near Thailand, so most of our skilled workers go to Thailand to earn money,” U, Aung Myo, chair of Dawei District Rubber Growers Association, told The Myanmar Times. - * Email

The Month in Review - Past 30 Days

Friday, December 15, 2017
Trelleborg Sealing Solutions acquires advanced composite components manufacturer Automated Dynamics
Goodyear inflates landmark hangar in Los Angeles, CA
Ohio Senate passes unsafe used tire bill
Silicone structural glazing market forecast to reach $43.9 billion by 2022
Book of the day - Rubber Molding Principles

Thursday, December 14, 2017
Global rubber anti-tack market forecast to grow at a CAGR of 4 percent through 2021
Former Vietnam Rubber Group chairman and four other official arrested in corruption crackdown
Malaysia reports an increase of 28 percent in natural rubber production for October
Sumitomo Rubber North America wins Ventana Research’s 2017 leadership award for digital technology
Smithers Rapra forecasts global industry tire volume to reach 2.7 billion units by 2022

Wednesday, December 13, 2017
Continental Tire gives $2 million grant to USC to expand logistics program
Hankook Tire appoints new chief executive and senior officers
Nexen Tire supplies original equipment tires for Porsche Macan
Rubber Division, ACS announces training courses for February and March
Adoption of digital solutions transforms North American and European tire retailing market

Tuesday, December 12, 2017
European non-destructive testing equipment market is expected to reach $2.89 billion by 2024
Cooper Tire to lay off 80 in North America
ChemChina to list KraussMaffei on the Shanghai stock exchange
Plastic compounding market including thermoplastic elastomers forecast to exceed $50 billion by 2024
Orion Engineered Carbons completes construction of carbon black plant in South Korea

Monday, December 11, 2017
AkzoNobel and Black Bear team up to make powder coatings from old tires
Freudenberg-NOK introduces high-temperature fluorinated rubber seals
Guill Tool & Engineering receives AS9100:2016 Aerospace and ISO 9001:2015 certificate of registration
Automotive elastomer market forecast to reach $58.8 billion by 2022
Yokohama Tire launches the TY577 MC² fuel efficient, SmartWay verified long-haul tire

Friday, December 08, 2017
Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman
Shimadzu Scientific Instruments and Restek Corporation announce distribution agreement
Goodyear and Sandia Labs mark 25 years of collaboration to improve tire design
Hankook Tire-DAV mobile service program triples number of veterans helped across the U.S.
Halcyon Agri becomes the largest rubber producer in Indonesia after recent acquistions

Thursday, December 07, 2017
Silicone adhesive market forecast to reach $2.95 billion by 2022
U.S Department of Commerce levies antidumping duties against steel wire rod suppliers
USTMA urges NHTSA to eliminate outdated regulations
2018 Jeep Wrangler features Goodyear Wrangler AT Adventure tires with Kevlar
Demand for silicone liquid-applied roof coatings is forecast to rise 5.1 percent annually

Wednesday, December 06, 2017
Huber Carbonates announces price increase for industrial calcium carbonate products
USTMA urges duties exemption for steel used in tire manufacturing
Hankook Tire survey finds more Americans plan to drive this holiday season than fly
Indian tire manufacturers face continuing shortfall of natural rubber domestically
Registration and housing now open for Rubber Division, ACS 193rd Technical Meeting

Tuesday, December 05, 2017
U.S. Tire Manufacturers Association projects lower tire shipments for 2017
IISRP announces online registration for 59th Annual General Meeting in Madrid, Spain
BASF increases prices for diols and derivatives in North America
Natural rubber market to grow at a CAGR of 4.06 percent through 2021
Yokohama Rubber U.K. subsidiary receives two awards for its efforts to promote tire safety

Monday, December 04, 2017
Vietnam Rubber Group signs $10 million land lease contract for rubber plantation in Laos
Toyo Tire awarded $1.6 million settlement for patent infringement against two Chines tire manufacturers
Dow insulation and sealing technologies used to keep Winter Olympics warm
Chloroprene rubber supply tightens worldwide
Global rubber bonded abrasives market forecast to grow at a CAGR of 3.2 percent through 2024

Friday, December 01, 2017
U.S. demand for rubber forecast to reach $8.9 billion by 2021
Goodyear and the U.S. Marine Corps Reserves join together for donations to Toys for Tots
Book of the Day - Rubber Extrusion Technology Short Course Notes
Elastomer coated fabrics market forecast to reach $11.85 billion by 2022
BASF increasing prices for neopentylglycol (NPG) sold in North America

Thursday, November 30, 2017
Synthetic rubber market forecast to reach $37.8 billion by 2022
Bill Bisson joins VMI Americas as area sales manager
Trinseo webinar focuses on the revolutionizing impact 3D printing has on manufacturing
Arlanxeo to provide the EPDM rubber for the FIFA 2018 football
Global nitrile butadiene rubber (NBR) market is forecast to reach $2.59 billion by 2025

Wednesday, November 29, 2017
Wacker opens technical center in Istanbul
Apollo Tyres becomes the title sponsor for Minerva Punjab FC
Smithers Rapra webinar to focus on test methods for validating imported tire quality
Imerys Performance Additives Division announces a significant price increase in January
U.S. Tire Manufacturers Association comments on the retirement of Pete Selleck, chairman and president of Michelin NA

Tuesday, November 28, 2017
Michelin and Tire Industry Association scholarship application period opens
Rubber Division ACS conducts outreach to Europe
Global butyl rubber market forecast to reach $5.21 billion by 2025
Songwon announces global price increases for its polymer stabilizers
LSR 2018 announces call for papers

Monday, November 27, 2017
Myers Industries announces quarterly dividend
Wacker released it new Elastosil LR 5040 line of liquid silicone rubber
Freudenberg Performance Materials presented three additions to its foam portfolio at Compamed 2017
PolyOne lauches OnColor Brilliant Metallic colorants
Borealis to study feasibility of a polyproylene capacity increase in Europe

Friday, November 24, 2017
Solvay and Henkel team up to double the number of Indian farmers in the Sustainable Guar Initiative
Goodyear extends sponsorship as Official Tire of NASCAR
Nexen Tire receives strong ratings in Auto Bild Tire performance tests

Thursday, November 23, 2017
Lanxess announces price increase for EMEA region for its Durethan and Pocan lines
Foremost Machine Builders, Inc. has appointed Walter Folkl as Manager of Sales
Birla Carbon started operations for its largest carbon black project in China
Shin-Etsu to increase prices 10-20% for all of its silicone products
Cabot Corporation to purchase black masterbatch producer Tech Blend

Wednesday, November 22, 2017
RPM International acquires Ekspan Holdings
Michelin to transfer shares in Double Coin Warrior Tire Company
Brenntag moves corporate headquarters to Essen, Germany
Tracey I. Joubert named to the Cooper Tire board of directors
AkzoNobel opens advanced Application Training Center in Dubai

Tuesday, November 21, 2017
Cooper Tire encourages college students to check their tires before hitting the road home
Mitsui Chemicals to acquire thermoplastic styrene elastomer business from Asahi Kasei
Trelleborg finalized the acquisition for White Baumaschinenreifen GmbH
Clariant announced an expanded partnership with Palmer Holland for the business unit additives in Canada
Yokohama announced its business and financial results for the first three quarters of 2017

Monday, November 20, 2017
Arkema announces a development partnership in high temperature powders with EOS
Global market for corrosion protection rubber linings and coatings forecast to reach $12 billion by 2022
Hexpol TPE announces expansion in Germany
Addivant increases capacity for its high-performance polymer antioxidant Ultranox 626
AkzoNobel completes $10 million sulfur derivatives investment in the US

Friday, November 17, 2017
Book of the Day - Resistance and Stability of Polymers
Lanxess to purchase Solvay's U.S. based phosphorus unit
Myanmar rubber exports set to rise
Continental to invest more than $9 million in its textile reinforcement business in Georgia
Global carbon black market forecast to grow at a CAGR of 4.8 percent through 2024

Todays Headlines

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