08:31 AM @ 29/11/2010
Thailand's rubber exporters are concerned Chinese policies to control inflation
will impose import quotas. China is among the world's largest natural rubber importers and is Thailand's biggest buyer, purchasing 1.16 million tonnes from the kingdom of the 2.46 million total it imported in 2009.SEE MOREResults for the September quarter were a non-event for tyre companies. While these companies were putting together the financials
for the period, natural rubber price in the country (RSS-4 grade) shot up sharply beyond the quarter’s average price of around Rs.165 a kg. By mid-October, it jumped toRs.190 per kg and climbed further to the present level of around Rs.202 per kg. This is around 22% higher than last quarter’s average price. The fact that rubber costs account for almost half of the total cost of producing a tyre means that profit margins of these firms will be squeezed. SEE MORE HA NOI - The Viet Nam Coal and Mineral Industries Group (Vinacomin) has submitted a proposal to the Government to increase coal prices for the country's four largest coal consumers as of early next year. SEE MORE BEIJING, Dec 22 - China has sought a WTO probe into US. duties on Chinese-made tyres but was stymied for now by U.S. objections, state media said, the latest in a series of disputes between the two economic giants to reach the global trade umpire. SEE MORE South Korea, Asia’s fourth-biggest polluter, aims to begin commercial operations at two carbon capture and storage plants by the end of the next decade to help reduce greenhouse gas emissions. SEE MORE
