Rubber news

Malaysian tyre makers hope opening of synthetic rubber plant will help them ...; The Star Online  - ‎May 1, 2014‎; http://www.thestar.com.my/Business/Business-News/2014/05/02/Rapid-boost-for-tyre-makers-Manufacturers-hope-opening-of-synthetic-rubber-plant-will-help-them-mee/  ; However, with the opening of a new synthetic rubber plant at the Refinery and Petrochemical Integrated Development (Rapid) corridor in Pengerang, Johor, they can expect to meet the demand in five years.

Thailand to Sell Large Stocks of Natural Rubber; Wall Street Journal  - May 4, 2014; http://online.wsj.com/news/articles/SB10001424052702303948104579540792038533528?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303948104579540792038533528.html ; The world's largest natural-rubber producer, Thailand, said it would unload huge stocks of the product, a move that is likely to drive already depressed prices lower in the week ahead.

Falling Rubber Prices Add to Planters' Woes; By Express News Service - KOCHI
Published: 19th April 2014 12:56 PM; http://www.newindianexpress.com/states/kerala/Falling-Rubber-Prices-Add-to-Planters-Woes/2014/04/19/article2177396.ece;
The sharp fall in natural rubber prices, and the frequent breaches of slaughter-tapping contracts involving big amounts have added to the sorry state of affairs in the plantation sector of Kerala, which is the largest producer of rubber in the country.

Rubber futures slump to five-year low, Published: 19 Apr 2014; http://www.bangkokpost.com/business/news/405591/rubber-futures-slump-to-five-year-low
The contract for delivery in September on the Tokyo Commodity Exchange lost 4% to settle at 206.4 yen a kilogramme ($2,016 a tonne), the cheapest since October 2009. Rubber for delivery in the same month on the Shanghai Futures Exchange dropped 4.1% at 14,200 yuan ($2,282) a tonne, the lowest close since April 2009. The benchmark contract in Tokyo fell for a fifth week as China’s economy moderated at the weakest pace in six quarters and new-home price increases eased across the country last month amid tighter credit. A global surplus this year will be 78% more than estimated in December, according to The Rubber Economist Ltd. The commodity used in tyres dropped into a bear market in January and is down 25% this year

Rubber Prices Plunge on Fears of Thai Selling Spree; Wall Street Journal  - ‎Apr 4, 2014‎; http://online.wsj.com/news/articles/SB10001424052702303847804579480712991006426?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303847804579480712991006426.html 
Rubber prices are down as much as 6% this week as traders rush to sell on fears the market will become awash with surplus supply after the Thai government said it would start selling its massive stockpile.

As Vietnam grows rubber output, risk of price war grows; The Star Online  ; April 9, 2014 http://www.thestar.com.my/Business/Business-News/2014/04/09/As-Vietnam-Stretches-Rubber-Output-Risk-Of-Price-War-Grows/; SINGAPORE/HANOI: After years of massive expansion, tearing up forests and swallowing land in neighboring countries to create rubber plantations, Vietnam is reaping what it sowed: a swelling of output that has made it the third-largest rubber producer.