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Asia synthetic rubber makers resist higher butadiene offers

Thursday, January 18, 2018
Singapore - ICIS News reports that butadiene (BD) buyers in Asia, particularly in the downstream synthetic rubber sector, are resisting sellers’ proposed price hike this week amid limited tank space in the region. Buying indications for fresh February BD shipments were $100/metric ton lower than the spot offers of $1,300-1,350/metric ton CFR (cost and freight) northeast (NE) Asia. “We can buy BD and pay around the low-to-mid $1,200/metric ton CFR NE Asia level, if we can find an empty tank,” a downstream SR maker said. On January 12, BD spot prices were assessed at $1,200-1,250/metric ton CFR NE Asia, ICIS data showed. Limited tank space has curbed appetite for spot cargoes, market sources said. “The tanks are filling up fast and it is very difficult to find available storage tanks for late February or early March deliveries, so prices may not go up as much as expected,” a trader said. Deep-sea cargoes from Europe and the U.S. have arrived in Asia this month, with more supply heading to the region for late-February and early-March delivery. About 50,000 metric tons of BD from EU, the U.S., Middle East and Latin America have been procured by Asian buyers, which are restocking ahead of prior to the Lunar New Year holidays in mid-February. The Lunar New Year, which falls on February 16, is celebrated in most parts of northeast and southeast Asia, with the key Chinese market on holiday on February 15-21. BD sellers were hoping to raise prices above $1,300/metric ton on the back of improving downstream synthetic rubber market, which is being bolstered by rising prices of rival product, natural rubber (NR). Synthetic rubbers, such as styrene butadiene rubber (SBR) and polybutadiene (PBR), and NR are substitute raw materials in the production of tires for the automotive industry. Fresh spot offers for February shipments of non-oil grade 1502 SBR and high-cis grade PBR have gone up by $50-100/metric ton from the previous month. Non-oil grade 1502 SBR prices were assessed at $1,550-1,650/metric ton CFR southeast (SE) Asia on January 10, while high-cis grade PBR stood at $1,650-1,750/metric ton CFR SE Asia on January 11, ICIS data showed. At midday, the SMR20 tire grade NR price was at $1,541/metric ton FOB (free on board) Malaysia, down by an average of $76/metric ton from the start of the year. - * Email


The Month in Review - Past 30 Days

Friday, February 16, 2018
Polyurethane additives market forecast to reach $2.75 billion by 2021
A. Schulman to be acquired by LyondellBasell for $2.25 billion
Book of the Day - Resistance and Stability of Polymers
TARRC Rubber Consultants to exhibit at Tire Technology Expo 2018 in Hannover
Rhein Chemie to present new solutions for the tire industry at Tire Technology Expo

Thursday, February 15, 2018
Global nitrile butadiene rubber market is expected to reach $2.59 billion by 2025
Northeastern U.S. rubber flooring manufacturer is being put up for auction
Bridgestone and Versalis partner to expand guayule research efforts
Malaysia reports 14 percent increase in production of natural rubber for December

Wednesday, February 14, 2018
TechnoBiz offers specialized training course for the rubber processing industry this April in Jakarta
Zeon sees 22 percent sales increase in elastomer business for first three quarters
Global latex medical disposables market forecast to reach $6.7 billion by 2025
Malaysia sees the use of cold mix asphalt and rubber as a boost for industry
Polyone begins thermoplastic elastomer production at Pune, India facility

Tuesday, February 13, 2018
Mid-Atlantic Rubber & Plastics Group holds spring technical meeting May 10
Companies can be listed in the Rubber Industry Buyer's Guide, a supplement for GRTE 2018
Silicone additives market forecast to reach $1.7 billion by 2022
Global natural rubber prices increased by 5 percent in January
Mitsui Chemicals posts record high profit for 2017

Monday, February 12, 2018
ARPM's 2018 State of the Rubber Industry report is now available
Zochem in conjunction with ARPM offers a plant tour of its Dickson, TN, zinc oxide facility
Sabic announces plans to expand capacity for Ultemt and Norylt resin production
Cooper Tire enters offtake agreement with Sailun Vietnam
Goodyear reports fourth quarter and full year 2017

Friday, February 09, 2018
Cooper Tire to open new Mississippi distribution center
Book of the day - Rubber Molding Principles
ASTM International seeks input for recovered carbon black standards
Yokohama's Advan Sport tire to be original equipment on the BMW X3
Airless tire market is set to reach $200 million by 2024

Thursday, February 08, 2018
Falken Tires selected as original equipment on the 2019 Ram 1500
Bridgestone commits to end deforestation
Awards from Utech North America recognize leaders in the polyurethanes industry
Silicone surfactants market forecast to reach $5.73 billion by 2022
Thailand asks farmers to cut down rubber trees to boost prices

Wednesday, February 07, 2018
Global butyl rubber market forecast to reach $4.2 billion by 2025
Continental honored as one of Fortune magazine's Most Admired Companies for 2018
Apollo Tyres announces third quarter results
Rahco Rubber earns ISO 9001:2015 certification
Cooper Tire to announce fourth quarter and full year results on February 20

Tuesday, February 06, 2018
Jesse Flores joins Harwick Standard as a technical sales representative
IPCR builds genetic database for rubber tree research
Orion Engineered Carbons announces price increase on all specialty carbon blacks
Zeon to supply solution-polymerized rubber to Yokohama Rubber

Monday, February 05, 2018
Showa Holdings expands into rubber lining manufacturing in Vietnam
Nokian Tyres to be investigated for options trading by Finnish Police
Vietnam Rubber Group's IPO raises less than a quarter of its targeted offering
Smith Industrial Rubber & Plastics acquired by Singer Equities
Indian Rubber Board sets up sheet rubber workshop program

Friday, February 02, 2018
Rubber Division, ACS, offers $100 discount for online rubber courses through March 15
Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman
Elkem Silicones to showcase long-term implantable silicones at MD&M West
BASF to construct new MDI synthesis unit at Louisiana site
Alliance Rubber files anti-dumping petition against Thailand, China and Sri Lanka

Thursday, February 01, 2018
USTMA urges Ohio House committee to approve unsafe used tire legistlation
Kraiburg TPE starts up extrusion line at Waldkraiburg site
Nexen Tire recognized at Good Design Awards 2017
Global performance elastomers market is expected to reach $19.19 billion by 2023

Wednesday, January 31, 2018
Cooper Tire's board of directors elects Jerry Bialek as vice president and treasurer
MacLellan Rubber announces technical breakthrough in nitrosamine-free rubber
Indian tire industry seeks duty-free imports of rubber to cover domestic deficit
Goodyear to report fourth quarter results February 8
Global automotive elastomers market forecast to reach $9.2 billion by 2024

Tuesday, January 30, 2018
Silicone additives market forecast to reach $1.7 billion by 2022
R.D. Abbott highlights innovations in additive 3D printing at MD&M West
Safic-Alcan announces extended partnership with Orion Engineered Carbons in Iberia and Eastern Europe
Synthetic latex polymers market forecast to reach $34.53 billion by 2022
Global nitrile butadiene rubber market to reach $2.59 billion by 2025

Monday, January 29, 2018
Hallstar promotes Damian Marshall and Varun Mathur as vice presidents
Material testing market forecast to reach $787.7 million by 2022
PolyOne reports fourth quarter and full year results for 2017
Goodyear introduces 85,000-mile limited tread life warranty with its new Assurance MaxLife tire
Yokohama celebrates 40th anniversary of Advan tire with new logo
BASF declares force majeure in North America on 1,4-butanediol (BDO) and its derivatives

Friday, January 26, 2018
Book of the Day - Rubber Extrusion Technology Short Course Notes
Yokohama Rubber creates the world's largest floating pneumatic rubber fender
Global medical grade silicone market forecast to reach $1.84 billion by 2023
ARPM releases newly created SP-912 description of standard reference recipe for exhaust gas condensate
Tire Consumer names Chan Patel as CEO

Thursday, January 25, 2018
Indiana House of Representatives passes unsafe used tire legislation
Fort Wayne Rubber and Plastics Group will hold a technical meeting February 8
Michelin reaches settlement with Tire Mart over patent design infringements
Synthetic rubber market expected to register a CAGR of 5.5 percent through 2022

Wednesday, January 24, 2018
Yokohama to expand capacity for its off-highway facilities in India
Safic-Alcan announces extended partnership with Orion Engineered Carbons in Iberia and Eastern Europe
Registration for GRTE 2018 - Global Rubber, Latex & Tyre Expo 2018 is now open
Penn State researchers develop 3-D printing method for silicone
Arlanxeo North America names new CEO and CFO

Tuesday, January 23, 2018
American Biltrite investing $11 million to expand flooring, rubber plant in Sherbrooke, Quebec
Synthetic latex polymer market forecast to reach $34.53 billion by 2022
U.S. Tire Manufacturers Association elects Michelin North America chairman to its board of directors
Core Molding Technologies acquires Horizon Plastics International
Apollo Tyres named as one of India’s Best Workplaces in Manufacturing

Monday, January 22, 2018
Goodyear pilots advanced tire maintenance program for on-demand mobility services
Chicago Rubber Group holds Basics of Rubber Technology course
Nakata Engineering chooses BPS Engineering to represent North and South American markets
Polymax TPE to boost production at its TPE plant in Illinois
Cambodian rubber exports up 30 percent from last year

Friday, January 19, 2018
Falken Tires to become a sponsor of the Detroit Red Wings
Tahoma Rubber and Plastics expands capacity and adds staff
Michelin discusses the impact of worn tires at NAIAS
Performance elastomer market forecast to reach $14 billion by 2024
USTMA urges Indiana to enact unsafe used tire legislation

Thursday, January 18, 2018
Registration opens for Rubber Industry Training Courses @ GRTE in Bangkok this March
Smithers Rapra expands testing capabilities at its Suzhou, China facility
Goodyear declares quarterly dividend of 14 cents per share
Asia synthetic rubber makers resist higher butadiene offers
U.S. manufacturing output rose for the fourth straight month




Todays Headlines



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