KOCHI: Costlier synthetic rubber (SR) in the wake of rising crude oil prices has dealt another blow to the rubber industry, which had already been reeling under a severe shortage of carbon black and other raw materials.
SINGAPORE (Reuters) - Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
SINGAPORE (Reuters) - Oil prices firmed on Thursday, with Brent crude creeping ever closer to $80 per barrel, a level it has not seen since November 2014, as supplies tighten while demand remains strong.
TOKYO (Reuters) - The dollar stood tall against a basket of currencies on Thursday, as the euro retreated to a five-month low on concerns the political developments in Italy could cause wider disruptions in the common currency bloc.
BEIJING (May 16): Benchmark Tokyo rubber futures closed slightly higher on Wednesday, snapping two consecutive sessions of decline.
According to the General Administration of Customs, in April, China imported a total of 428,000 tons of natural rubber and synthetic rubber (including latex), a 25.95% decrease from the previous month, and a decrease of 26.2% from the same period of last year, which was a year-on-year decline for three consecutive months.