Malaysian Rubber Board: Natural rubber prices set to hold recent gains
Print
KUALA LUMPUR Natural rubber prices are expected to sustain recent gains, supported by a range of developments in the supply/demand situation and in the international trade arena, according to the Malaysian Rubber Board.
In its February review, the MRB reported prices strengthening for a range of NR grades during the month including SMR 20, up 17.2 percent to about $1.80 per kilogram, and latex concentrate, which surged 29.3 percent to about $1.68 a kilogram.
As well as tighter supply after the wintering season in some producer countries, the Kuala Lumpur rubber market was buoyed by global COVID-19 vaccination progress, optimism on U.S.-China relations, a weaker (Malaysian) ringgit (and) the $1.9 trillion stimulus in the U.S.
Tesla and NIO have fallen 30%+: should I buy these stocks now? fool.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.co.uk Daily Mail and Mail on Sunday newspapers.
China Automotive Distribution and Aftermarket Industry Report, 2020-2026
March 04, 2021 08:08 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
ResearchAndMarkets.com s offering.
Since 4S store model was introduced in China at the end of the 20th century, China s authorized dealer system has made a shift from single stores to corporate operation and from extensive management to fine management.
For the upstream raw materials, components suppliers provide an array of components to automakers; at the midstream end are automakers which take on design, R&D, manufacture and branding; dealers are downstream players responsible for selling new vehicles and offering aftermarket services. In the whole industry chain, automakers that manage dealers by authorization and rebate policy play a dominant role and have a big say.
Geely, Volvo to further deepen partnership chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Operator
Ladies and gentlemen, thank you for standing by. It s one to China Yuchai International Limited Second Half and Annual 2020 financial results. [Operator Instructions]
I would now like to turn the conference over to Kevin Theiss, please go ahead sir.
Kevin Theiss
Investor Relations
Thank you for joining us today and welcome to China Yuchai International Limited 2020 second half and fiscal year conference call and webcast. Joining us today are Mr. Weng Ming Hoh; and Dr. Thomas Phung, President and Chief Financial Officer of CYI, respectively. In addition, we also have in attendance Mr. Kelvin Lai, VP of Operations of CYI.