Market Background

Tokai Carbon to Increase Price for Carbon Black on Rising Oil Prices

Tokai Carbon Co. Ltd. (TYO:5301) announced on July 13 that it will increase the price at which it sells carbon black by 6.5 yen per kilogram for deliveries beginning Aug. 1. The change will apply to all varieties of carbon black the company sells in Japan. In its announcement, Tokai Carbon explained that the price of crude oil used to...

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Synthetic Rubber Down 5% for April, NBR up 10%

According to data collated by the Synthetic Rubber Industry Association of Japan, synthetic rubber production for April 2016 totaled 125,700 tons, a year-on-year decline of 4.6 percent. It reflects the slump that has occurred with domestic manufacturing of automotive rubber parts and general industrial rubber products. Outside of NBR, which had a 10.3 percent increase in production volume, with 9,398...

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May Automobile Production Shows First Year-on-Year Increase in Two Months

The Japan Automobile Manufacturers Association (JAMA) announced that automobile production volume in Japan for May 2016 totaled 656,814 units, an increase of 1.7 percent compared to the same month of the previous year and the first year-on-year increase in two months. Looking at production volume by vehicle type, passenger cars totaled 554,070 units, up 2.8 percent for the first increase...

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Chinese Rubber Industry to Introduce Tire Labeling System

The China Rubber Industry Association (CRIA) has revealed that the planned labeling system showing a tire’s environmental performance characteristics at a glance will be implemented starting on Sept. 15, 2016. Comprising a grading scheme and a set of labeling management regulations, the system ranks tires as fuel-efficient “Green Tires” when specified standards for rolling resistance, wet grip and noise are...

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Brexit: Japanese Rubber Companies Take Wait-and-see Approach, But Strong Yen a Source of Concern

With many Japanese rubber companies having bases in the U.K., its recent referendum result to leave the EU will likely have an impact on the Japanese rubber industry. Recent interviews by the Japan Rubber Weekly revealed that, although Japanese rubber companies are worried about Brexit’s negative effects, most will wait and see before deciding what measures to take. News of...

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Bridgestone Museum of Art to Get New Home, Construction Kicks Off

Work has commenced on Nagasaka Sangyo Kyobashi Building, which will be the new home of the Bridgestone Museum of Art. Located in Chuo Ward, Tokyo, the new museum is expected to open in the fall of 2019. With more than double the exhibition space of the old museum of art, there are plans to showcase more than 2,500 pieces from...

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