Japan’s import volume of natural rubber (NR) for 2016 decreased 3.3 percent year-on-year, falling to 655,312 tons, according to data compiled by the Rubber Trade Association of Japan from the Trade Statistics of Japan. Import value decreased 23.6 percent, dropping to 99.59045 billion yen ($875.59 million). The average import price fell 20.9 percent to hit 152 yen per kilogram, dropping...
Natural rubber (NR) continues to trend at high price levels, currently running at around double those of early 2016. A steep run-up has come in a short period of time, spiking since last autumn. The high prices are set to strongly impact profit margins of rubber product manufacturers. Most notable are tire manufacturers, who make heavy use of NR. Current...
The production volume of rubber belts for 2016 fell 7 percent from the previous year, dropping to 26,373 tons, according to statistics from the Japan Belting Manufacturers Association. Conveyor belt production declined 13 percent, down at 14,607 tons. This came as a consequence of a 16-percent year-on-year drop in exports, with a significant depression in exports for mines in Australia....
The price of butadiene is increasing dramatically. After trending for some time at an Asian spot price near $1,000 per ton, the synthetic rubber raw material started on a rapidly ascending curve in autumn last year. It has resulted in a tripling in value, jumping to approximately $3,000 per ton. The sharp gain in butadiene will have a strong impact...
Rubber consumption will see its first annual increase in six years, according to a forecast by the Japan Rubber Manufacturers Association (JRMA). Combined total consumption of natural and synthetic rubber in 2017 is expected to reach 1.2932 million tons, up 0.6 percent year on year. However, total rubber consumption in 2016 is expected to fall for the fifth straight year,...
Consumption of new-rubber for industrial use in Japan is expected to increase 3 percent year-on-year in 2017, according to the Japan Rubber Manufacturers Association (JRMA). With cars being a major source of demand for anti-vibration rubber, the ongoing recovery in domestic automobile production, and the anticipated launch of new car models and intake of orders contribute to the expected increase. Rubber seal...
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