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
May 11, 2018 12:00 AM

Natural rubber still weak, cartel mooted

Shahrzad Pourriahi
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    London – Natural rubber prices remained weak in the month of April, ERJ’s latest snapshot of the main Far East markets has revealed.

    Despite a rise in crude oil prices, and the consequent pressure on synthetic rubber prices, NR prices showed little sign of strengthening last month as wintering season came to an end in south east Asia.

    On the Shanghai Futures Exchange, spot prices for RU1805 – the most heavily traded NR future – stood at Yuan11,260 on the week ending 4 May, almost on a par with levels noted on 30 March.

    In Tokyo, meanwhile, TOCOM back-month prices for RSS3 materials closed at ¥192.0/kg on 2 May, 6.6% up compared to its closing price on 28 March.

    In Bangkok, government efforts to step up regional rubber activities in the shape of a new cartel consisting of Indonesia, Malaysia, Vietnam and Thailand, are yet to pay off.

    Spot prices for RSS1 grades in Bangkok showed a 3.2% increase at $179.20/100kg on 4 May, compared to levels on 29 March.

    Tracking a similar trend, RSS3 prices rose 3.3% at $175.60/100kg on 4 May, compared to the price recorded at the end of March.

    In Kuala Lumpur, prices for SMR20 were up nearly 4% month-on-month at $143.85/100kg on 4 May.

    With a 7.7% increase, latex spot prices in KL stood at $122.55/100kg on 4 May, compared to $113.75/100kg on 30 March.

    According to Thai press, Thailand’s ministry of agriculture and cooperatives (MOAC) is in discussion with Indonesia, Malaysia and Vietnam to establish major natural rubber pricing board equivalent to OPEC.

    The Thai embassy in the US reported that a committee, comprising of government representatives and rubber planters is set to be formed to determine the domestic price of natural rubber. A final decision is due in three months.

    RECOMMENDED FOR YOU
    German rubber industry to return to double-digit growth in 2021
    German rubber industry to return to double-digit growth in 2021
    Yokohama rings the changes with YX2023
    Yokohama rings the changes with YX2023
    Synthomer dismisses takeover reports
    Synthomer dismisses takeover reports
    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. 
    European Rubber Journal is published bi-monthly by NUERJ Ltd.

    Registered Office: Castle House, 89 High Street,
    Berkhamsted, Hertfordshire HP4 2DF, United Kingdom. 

    Tel. + 44 (0)203 196 0141 

    Registered No. 13104613 England

    Email: [email protected]

    Website www.european-rubber-journal.com

    Customer service 

    Tel. + 44 (0)203 196 0141 

     

    Resources
    • About us
    • Contact Us
    • Advertise with Us
    • Media Kit
    • 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