Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
November 13, 2013 12:00 AM

Rubber near one-week high as China auto sales boost demand outlook

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    ERJ staff report (TP)

    Tokyo − Rubber traded near a one-week high yesterday (12 November) after data showed vehicle sales in China climbed by the most since January, boosting the outlook for demand from the world’s largest consumer of the commodity used in tires, reported Aya Takada from Bloomberg.

    The contract for delivery in April on the Tokyo Commodity Exchange gained as much as 0.7 percent to 260.3 yen a kg (€1.9436) and traded at 260.2 yen (€1.9428) at 10:14am (12 November, Japan time). Futures settled at the highest level since 1 November two days ago (11 November).

    Wholesale deliveries of cars, multipurpose and sport utility vehicles rose to 1.61m last month, data from the state-backed China Association of Automobile Manufacturers showed yesterday. That compared with the median estimate of 1.5m units by three analysts surveyed by Bloomberg News.

    “Expanding car sales in China raised optimism about growth in demand for rubber,” said Hideshi Matsunaga, an analyst at broker ACE Koeki in Tokyo.

    Rubber for May delivery on the Shanghai Futures Exchange was little changed at 19,415 yuan (€2,370) a tonne. Thai rubber free-on-board gained 1.3 percent to 79.05 baht (€1.86) a kg on 11 November, according to the Rubber Research Institute of Thailand.


    This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

    Full story from Bloomberg

    RECOMMENDED FOR YOU
    China’s 11-month tire production records first growth in 2020
    China’s 11-month tire production records first growth in 2020
    ANRPC notes rubber price recovery
    ANRPC notes rubber price recovery
    Biesterfeld to supply Denka acrylate rubbers
    Biesterfeld to supply Denka acrylate rubbers
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac