Demand for rubber and resin conveyor belts remains spotty as the industry is impacted by the wide division of peaks and valleys it faces. Since the spread of COVID-19, demand for rubber and resin parts has declined for many applications, as is the case with other rubber and resin products. On the other hand, there are also applications for which...
Showing no signs of subsiding, the COVID-19 pandemic continues to disrupt the world’s economic activities – and the Japanese rubber industry has been no exception to this. So how has the retread tire industry been affected? Japan Rubber Weekly asked a number of domestic tire companies to find out. A common sentiment in the sector was that the impact of...
Japan’s exports of rubber products fell 23.2 percent year-on-year to 453.8 billion yen ($4.3 billion) over January–August, while imports were down 11.3 percent to 273.8 billion yen, according to trade figures published by the Ministry of Finance and compiled by the Japan Rubber Manufacturers Association (JRMA). The spread of COVID-19 had a significant impact on both fronts here. Exports showed...
Demand trends for rubber and plastic hoses appear to be showing mixed signs at present, with different prospects lying ahead for each application. In the area of automotive hoses, things have been slowly trending upward, spurred on by an automotive production rebound that started in summer. But at the same time, there appears to be little hope of a quick...
Naphtha prices, which serve as a basis for the likes of the synthetic rubber market, are showing a significant drop amid tough market conditions. As of March 24, prices in Tokyo’s open-spec naphtha market are sitting at a median of $195 per ton when looking at product set to be delivered in late May. This is roughly a third of...
Japan’s four major tire manufacturers – Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tires Corp. (TYO:5105) – are all forecasting improvements at the operating profit level for calendar 2020. Bridgestone is using adjusted operating profit here, while Sumitomo Rubber and Yokohama Rubber use business profit. However, with Bridgestone noting that it is...
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