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NGT concerned over rampant air pollution in Uttarakhand

Sun, 2014-07-20 09:13
Concerned over rampant air pollution caused by industrial units in Uttarakhand, the National Green Tribunal has constituted an expert committee to look into violation of prescribed standards for emission by iron industries in the state.






Atlantic salmon can adapt to warmer waters

Sat, 2014-07-19 01:27
Populations of Atlantic salmon have a surprisingly good capacity to adjust to warmer temperatures that are being seen with climate change, scientists have found.






World is getting warmer, global climate report says

Fri, 2014-07-18 21:37
The world is getting warmer, as greenhouse gases reach historic highs and Arctic sea ice melts, making 2013 one of the hottest years on record, international scientists said.






Govt has identified over 3,200 polluting industries: Javadekar

Wed, 2014-07-16 21:24
The government on Wednesday informed Parliament that it had identified 3,266 highly polluting industries and 150 polluted stretches along various rivers across the country in the past couple of years and had taken measures to deal with it.






Apple, IBM partner to push iPhones, iPads into offices

Wed, 2014-07-16 01:07
The company will release more than 100 apps targeting industry specific issues in retail, healthcare, banking, travel, transportation and telecommunications, IBM said.

Apple, IBM team up on iPhones, iPads

Wed, 2014-07-16 01:07
The company will release more than 100 apps targeting industry specific issues in retail, healthcare, banking, travel, transportation and telecommunications, IBM said.






Railway systems for <b>India's</b> growing future

Tue, 2014-07-15 04:37
Toshiba, with over 115 years of R&D in railway technology, has worked to improve every requirement of railway transportation, such as environment ...

<b>Indian</b> carriers got <b>traffic</b> right on 17 new international route: Government

Mon, 2014-07-14 10:48
NEW DELHI: Government has granted traffic rights to Indian airlines on 17 new international routes since last May, including Kolkata-Guangzhou and ...

48 industrial units polluting Ganga asked to close down

Mon, 2014-07-14 08:26
Directions have been issued to about 48 industrial units polluting River Ganga to close down, the Rajya Sabha was informed on Monday.






Rail Budget 2014: Department of industrial policy &amp; promotion presents railway FDI proposal <b>...</b>

Sun, 2014-07-13 19:26
Railway transport will be removed from the list of prohibited sectors in the consolidated FDI policy, a senior government official told ET. Currently, there ...

Rise in daily temperature leads to rise in kidney stones: Study

Fri, 2014-07-11 10:22
Climate change – synonymous to rising temperatures and sea water levels has now been found to be doing serious harm to human health.






Rubber prices continue to fall in the global market

Fri, 2014-07-11 01:31
With the global prices of natural rubber being the lowest in five years, tyre makers are reporting healthy margins. The China slowdown and the fear of an oversupply of rubber have contributed to the sharp dip in prices. The world’s largest consumer of rubber, China, is showing poor demand and has triggered a scare in the $30 billion-a-year rubber industry. The Southeast Asian rubber cartel has done nothing to help this state of affairs. In India, the tyre companies are majorly importing from overseas because of the price disparity. Kerala planters believe that this unabated import by the growing economy is the cause for the free fall in rubber prices and the ensuing crisis in the sector. Analysts are also watching out for the effect of the looming El Niño on rubber production.

Rubber prices are the lowest they have been in five years and domestic tyre manufacturers have undoubtedly profited from this dip. Natural rubber is the key ingredient in a tyre. Indian tyre companies’ stocks have gained with the falling numbers of the Tokyo Commodity Exchange rubber contract and consequently clocked strong margins. The glut is due to subdued demand from China, the world’s largest importer, and excessive supply. Tyre makers could profit from lower material costs as the domestic rubber prices in the last quarter of the FY12–13 were 7 percent lower.

India is the world’s fifth largest producer of natural rubber. George Valy, president of the Indian Rubber Dealers' Federation said, "Tyre companies are consistently importing natural rubber as it’s cheaper in the world market. Higher imports are putting pressure on local prices." A year-on-year comparison indicates an 80 percent increase in the import of rubber in April–May of 2013–2014, whereas India’s exports were a dismal 40 tonnes, a drop of 98 percent when compared with the same period in 2013–14. The figures showed a drop in the production of natural rubber as well.

Major producers of rubber such as Thailand, Indonesia and Malaysia have held on to their stocks in the hope of reviving the nose-diving prices. These major players are looking to offload their stockpiles before the season starts. A senior analyst with Geojit Comtrade, Hareesh V stated, “This development hit both international and Indian rubber prices. Both TOCOM and India prices were at 4,5 year lows. However, Thailand later rolled back its decision following which the prices made a slight recovery.” He added: “By mid-June prices may recover to Rs 150 ($2,50) levels and by July it can further move up to Rs 160–162 ($2,69) per kg. But lower demand from automotive and non-automotive sectors will cap the prices at that level. Further, the subdued international prices will force consumers to import rubber.” Even with the 20 percent tax on imported rubber, it is still 15 percent cheaper than what is being sold locally. The Kerala farmers are not willing to release their stocks until the prices go up. Yields have also fallen below expectations and these growers expect better output post monsoon. Farmers are under severe financial strain and many are switching to the cultivation of other crops. The secretary of the Association of Planters of Kerala, Ajith BK, said, “The present trend in imports suggests that, in this financial year 2014–15, the import may exceed the financial year 2013–14. In the month of May alone, the import is approximately 33% more than that in the same month of last fiscal.”

 

 

 

 

 

 

 

Source:http://globalrubbermarkets.com/14141/rubber-prices-fall-sharply-growers-fear-worst-yet-come.html

Analysts do not expect a rebound in prices any time soon. The commodity price line will reflect the disparity in demand and supply. With the tyre manufacturers being the primary consumers of rubber in India, they are likely to reap the benefits of the local and overseas price mismatch. Alex Mathews, Research Head, Geojit BNP Paribas Financial Services Ltd., spoke out saying, "Tyre companies are getting as much rubber as they need at a lower price. Their margin can rise by 10 to 15 percent if rubber prices stay at the current level." In early June, tyre stocks on the BSE rallied – Ceat India, MRF Ltd, Apollo Tyres, JK Tyre & Industries, and Dunlop India rose 4.5 percent, 2.2 percent, 2 percent, 2.1 percent, and 4.9 percent, respectively.

Rubber prices continue to fall in the global market is a post from: India Transport Portal

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