The National Science Foundation has awarded
$800,000 to University of Akron (Ohio-United States) researcher Judit E. Puskas
for her project to create a halogen-free synthetic rubber made from renewable
resources. This funding will help push new eco-friendly materials to market. If
successful, Puskas’ research project will result in a new material that will
reduce the carbon footprint of the SR manufacturing process and produce
improved, cost-effective thermoplastic biocompatible rubber, according to University
of Akron.
Thailand military government has sold half of
its 200,000 tonne rubber stockpile to a Thai rubber exporter and aims to sell
the rest by the end of September. The government has signed a contract with the
exporter and rest of the rubber stock should be cleared up from the state
warehouses within three months. The 100,000 tonnes of rubber was sold at 62.60
baht ($1.95) a kg.
Despite light rain, Thiru Onam, the most
important day in the 10 day long festival, was celebrated across Kerala with a
lavish 26 dish traditional vegetarian lunch. People were in a festive mood,
while a few from the central district of Kerala recalled the celebration days
when the rubber prices were at its peak.
A slowdown in demand along with oversupply in
the global markets, natural rubber prices have fallen to its five year low, while
domestic imports have increased. Now the planters seek safeguards in the form
of hike in import or anti-dumping duty to sustain their business in face of
rising production costs. If the price decline continues, majority of planters
will be forced to abandon rubber cultivation or switch over to other activities.
The benchmark RSS4 grade rubber closed at `.125.50
a kg at Kottayam, while RSS3 grade closed at `.105.62 a kg at
Bangkok and Malaysian SMR20 closed at `.97.94 a kg. On
National Multi Commodity Exchange September 2014 futures were trading at `.121.94
a kg, October at `.120.62, November at `.120.70 and December
at `.121.50 a kg, at 16.20 IST. On Tokyo Commodity Exchange, September
2014 futures series closed at ¥184.7 a kg, October at ¥185.5, November at ¥189.5,
December at ¥192.9, January 2015 at ¥195.4 and the contract for delivery in
February 2015 closed at ¥196.6 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
For
2014-15 Rubber Forecast, http://rubber4u.com/Public/RForecast.pdf
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