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Global natural rubber prices increased by 5 percent in January

Tuesday, February 13, 2018
Jakarta, Indonesia - The Jakarta Post reports that global natural rubber prices have increased by 5 percent in January thanks to reduced supply from exporting countries, according to the Trade Ministry. On December 22, 2017, the International Tripartite Rubber Council (ITRC), which consists of Indonesia, Thailand and Malaysia, decided to implement an agreed export tonnage scheme (AETS), the fifth such scheme from the council. “The ITRC agreed to reduce the natural rubber export volume by 350,000 tons for three months, from January to March 2018,” Trade Ministry International Trade Director General Oke Nurwan said in a statement. “The result is that the natural rubber price has increased by 5 percent.” Oke said the average price for natural rubber, according to the International Rubber Conference Organization’s (IRCO) daily composite price (14-day moving average) increased from $1.46 on December 21 to $1.54 on January 31. He added that the ITRC monitoring committee would continue to evaluate the results of the AETS every month. “The AETS implementation in Indonesia has been supported by Trade Ministery Decree No. 67/20018,” he said. The decree designates members of the Indonesian Rubber Association (Gapkindo) as the implementers of the AETS and threatens those who violate the terms of the scheme with sanctions. The value of Indonesia’s rubber exports has decreased by 20.7 percent since 2012, while export volumes have stayed relatively steady. According to data from the Central Statistics Agency, Indonesia exported 2.44 million tons of rubber worth $7.86 billion in 2012, while in 2017, Indonesia exported 2.77 million tons with a value of $4.77 billion. - * Email

This Weeks Headlines - Past 7 Days

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

Todays Headlines

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