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Market News Updates
 
 
10 March 2010
Auto Sales Increase in China
Auto sales continued to rise in China in February, though at roughtly half the rate of previous months, data from a senior official industry organization showed Tuesday (March 9).
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10 March 2010
Rubber Drops for Second Day on Japan Data, China Rate Concern
Rubber declined for a second day after a drop in Japan's machinery orders eroded investor confidence in the economic recovery, and concern that China may raise interest rates weakened demand.
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9 March 2010
Tyre Companies Hold Prices Despite Rubber Rally, Hits Margins
India's top tyre firms are reluctantly holding prices, risking a hit on profit margins, despite a recent surge in input costs as they wait for prices of natural rubber to stabilise from a current record high.
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9 March 2010
China Buys SMR20 at $3.20/kg for Forward Delivery
China, the world's largest rubber consumer, has bought Malaysian SMR20 for forward shipment but turned to local supply warehouses for better deals on other grades, dealers said on Tuesday (March 9).
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9 March 2010
Tokyo Futures Down on Lower Oil, Higher Yen
Tokyo rubber futures slipped lower on Tuesday (March 9), tracking weaker oil prices, while a slightly higher yen also weighed on sentiment, dealers said.
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9 March 2010
SNRG Corporation Announces Devulcanized Rubber Production
SNRG Corporation announced this morning (March 9) that the Company has completed the set up of small scale production of devulcanized rubber at its facility in Bay City Texas.
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9 March 2010
Rubber Drops from One-Week High as Oil Rally Stalls, Yen Gains
Rubber retreated from a one-week high as a drop in crude oil cut the cost of making rival synthetic products used in tires and a stronger Japanese currency weakened the appeal of yen-denominated contracts.
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9 March 2010
Vietnam to grow rubber in Myanmar
Vietnam, the world's fourth-largest natural rubber exporter, plans to grow 200,000 hectares (494,200 acres) of rubber in Myanmar, a state-run newspaper reported on Tuesday, as it faces land limits at home.
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9 March 2010
Malaysia Rubber Output May Reach 1 Million Tons, Minister Says
Natural rubber output in Malaysia, the world’s third-largest grower, may rise 17 percent this year, lifting shipments of the commodity used in tires, the nation’s minister for plantation industries and commodities said.
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9 March 2010
Car Sales in India Jump 33%, Bikes 31% in February
Passenger car sales in India jumped by 33.20% to 153,845 units in February.
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