Traders said that Indian tire manufacturers have stopped importing rubber, because the country's domestic rubber price is nearly 15% cheaper than the international market.
Integrated media on December 6 news, traders said Friday that India's tire manufacturers have stopped signing rubber import contracts, because India's international added prices are still 15% cheaper than imported rubber.
India is the world’s fourth largest rubber producer and imports rubber from Thailand, Malaysia and Indonesia.
A broker in Kerala State stated that Indian tire manufacturers are buying rubber in the domestic market on a large scale because they are cheaper than imported rubber.
Traders said that on Friday, the Indian market RSS-4 grade rubber reported at 4.36 US dollars or 197 rupees per kilogram, in Bangkok, rubber quoted at 203 rupees (4.5 US dollars).
In the past month, spot rubber prices in the Indian market rose by 1%, while rubber prices in the international market rose by 9% over the same period.
George Valy, chairman of the Indian Rubber Dealers Association, said that the price of rubber in the Indian market is at least as low as that of the international market. (0)(0) Comment this article Other comments Start a discussion Related Information Finance Forum Please enter the verification code price (Including import duties and shipping charges After waiting for the expense,) 15% cheaper.
India currently imposes a 20% import duty on imported rubber.
In August, Indian rubber producers’ product prices were higher than 35 rupees per kilogram over Bangkok's rubber prices, which prompted Indian tire manufacturers to sign rubber import contracts for shipment from September to December. And now the situation is the opposite, so no consumer has imported rubber.
A senior person from the Indian Rubber Council estimated on Thursday that India’s sugar production in 2010/11 is expected to be about 850,000 tons, which is 4.8% lower than earlier estimates.
Indian Automobile Tire Manufacturers Association said that India's tire production in 2010/11 is expected to increase to a record high of 121.4 million in order to meet the needs of the domestic automotive industry.
Integrated media on December 6 news, traders said Friday that India's tire manufacturers have stopped signing rubber import contracts, because India's international added prices are still 15% cheaper than imported rubber.
India is the world’s fourth largest rubber producer and imports rubber from Thailand, Malaysia and Indonesia.
A broker in Kerala State stated that Indian tire manufacturers are buying rubber in the domestic market on a large scale because they are cheaper than imported rubber.
Traders said that on Friday, the Indian market RSS-4 grade rubber reported at 4.36 US dollars or 197 rupees per kilogram, in Bangkok, rubber quoted at 203 rupees (4.5 US dollars).
In the past month, spot rubber prices in the Indian market rose by 1%, while rubber prices in the international market rose by 9% over the same period.
George Valy, chairman of the Indian Rubber Dealers Association, said that the price of rubber in the Indian market is at least as low as that of the international market. (0)(0) Comment this article Other comments Start a discussion Related Information Finance Forum Please enter the verification code price (Including import duties and shipping charges After waiting for the expense,) 15% cheaper.
India currently imposes a 20% import duty on imported rubber.
In August, Indian rubber producers’ product prices were higher than 35 rupees per kilogram over Bangkok's rubber prices, which prompted Indian tire manufacturers to sign rubber import contracts for shipment from September to December. And now the situation is the opposite, so no consumer has imported rubber.
A senior person from the Indian Rubber Council estimated on Thursday that India’s sugar production in 2010/11 is expected to be about 850,000 tons, which is 4.8% lower than earlier estimates.
Indian Automobile Tire Manufacturers Association said that India's tire production in 2010/11 is expected to increase to a record high of 121.4 million in order to meet the needs of the domestic automotive industry.
The granulator machine can make granules from wet powder materials or break down the dry lumpish material, which is widely used by the industries of pharmacy, chemical and foodstuff. By driving of mechanism, the cylinderis swinging to-and-fro to force the target material squeezed from sieveto make out granules or to smash it as granules. This granulation machine is made of stainless steel, in line with GMP standards.
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