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Rubber industry can benefit from Nanotechnology
Natural Rubber (NR) has been effectively used for various industrial applications. Invention of pneumatic tyres and inner tubes in late 1840’s and the expansion of the automobile industry resulted in a greater demand for NR. However, the properties and the cost of the products manufactured from NR were not attractive until the use of carbon black as reinforcing filler.
Since then, carbon black is the most common and widely used filler for rubber compounds used for tyres and tubes etc. Excellent reinforcing effect imparted by carbon black greatly upgrades the mechanical properties of rubber compounds and makes many applications possible from the rubber. In addition to carbon black, there are inorganic fillers such as silic, clay, and calcium carbonate used as reinforcing and non-reinforcing fillers for rubber compounds. (read more)
Top Glove, Supermax Kossan, OSK Research’s Top Picks
KUALA LUMPUR, March 25 (Bernama) — Rubber glove manufacturers, Top Glove Corp Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd continue to remain OSK Research’s top picks, given the stocks resilience despite declining latex prices.
Top Glove and Supermax will be the biggest beneficiaries of lower latex prices while Kossan, which has a balanced product mix of about 60 per cent natural rubber and 40 per cent nitrile glove, was always being liked for being the most resilient stock in the industry. (read more)
Latex allergy woman’s legal win
A woman from Essex has won a legal battle to prove that she can’t work because of her allergy to latex and rubber.
Coralina Cattrell challenged the Department for Work and Pensions over her right to claim incapacity benefit. (watch video)
Stocks Swing to Losses as Oil Crosses $106
Stocks swung between small gains and losses Thursday as the price of oil jumped above $106 a barrel.
Slightly disappointing reports on new unemployment claims and factory orders weighed on stocks Thursday. The Labor Department said fewer people applied for unemployment benefits last week, signaling that companies may be slowing layoffs. The number of new claims fell by 6,000 to 388,000. Analysts expected a larger drop. (read more)
Budgets could push Saudis to high oil price
Saudi Arabia could need the oil price to average more than $100 a barrel by 2015 to sustain the big public spending rises it plans in an effort to forestall the political unrest sweeping the Middle East.
The oil market is growing increasingly worried about Riyadh’s fiscal needs as it fears that they could force Saudi Arabia to pursue oil policies similar to those of Venezuela and Iran, traditionally the price hawks at the Opec oil cartel. (read more)
Stocks sway on jobs and oil
NEW YORK (CNNMoney) — U.S. stocks held steady on Thursday, as investors digested a slightly worse-than-expected weekly jobless claims report, along with a notable jump in oil prices.
The Dow Jones industrial average (INDU) was up 6 points, or 0.1%; the SP 500 (SPX) added 0.6 points, or 0.1%; and Nasdaq (COMP) rose a point, or less than 0.1%. (read more)
Oil prices jump back above $106 a barrel
NEW YORK (CNNMoney) — Oil prices jumped Thursday, rising above $106 a barrel, as the U.S. dollar weakened and turmoil in the Arab world continued to stoke supply concerns.
The main U.S. oil contract, West Texas Intermediate, for May delivery was up $2.07 to $106.34 a barrel. Brent crude, the European benchmark, rose $1.90 to $117.03 a barrel. (read more)
OPEC Supply to Drop 2.3% on Libyan Losses, Oil Movements Says
The Organization of Petroleum Exporting Countries will cut oil shipments to their lowest level since October as armed conflict halts exports from Libya, according to tanker-tracker Oil Movements.
Shipments will fall to 22.91 million barrels a day in the four weeks to April 16, down 2.3 percent from 23.44 million in the period to March 19, the consultant said in a report today. That’s the lowest since mid-October, the company estimates. The data exclude Ecuador and Angola. (read more)
Oil rallies on Libya, weaker dollar
Crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 106.30, +2.03, +1.95%) added $2.14, or 2%, to $106.41 a barrel on the New York Mercantile Exchange. Earlier, it had traded as high as $106.77 a barrel.
In Libya, rebels tried to regroup after being outgunned by forces loyal to Moammar Gadhafi and lost the oil city of Ras Lanuf. A top regime official defected to the U.K. (read more)