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Rubber prices
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zhuge_liang
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20-Jun-2008 23:13
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Rubber futures on TOCOM were pressured by continuous selling Fri afternoon on the back of oil futures' sharp declines. The benchmark, most distant Nov '08 contract sank 6 yen from Thu to 335 yen per kg at 3:45 p.m. Tokyo time. |
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zhuge_liang
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19-Jun-2008 23:23
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Rubber futures on TOCOM remained at slightly lower ground Thu afternoon. The benchmark, most distant Nov 2008 contract traded at 345.6 yen per kg at 3:45 p.m. Tokyo, down 0.8 yen from Wed. |
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zhuge_liang
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19-Jun-2008 14:03
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Rubber exports from Indonesia, the world's 2nd largest rubber producer, are likely to grow by 4-5% a year until 2010 as erratic weather may hit production in some areas, a senior industry official said on Wed. Indonesia's rubber export growth was between 8-12.9% in 2005-2006, but slowed to about 5.2% in 2007 as wet weather hampered tapping. Indonesia exported 2.41 million tonnes of natural rubber in 2007 compared with 2.28 million tonnes in 2006. |
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zhuge_liang
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18-Jun-2008 23:06
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Rubber futures on TOCOM remained under buyers' liquidation Wed afternoon, expanding losses from the morning session. The benchmark, most distant Nov '08 contract fell 4.2 yen from Tue to 345.6 yen per kg at 3:45 p.m. Tokyo time. |
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zhuge_liang
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17-Jun-2008 23:13
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Rubber futures on TOCOM lacked vigor Tue afternoon, falling deeper into minus territory. The benchmark, most distant Nov '08 contract traded at 347.2 yen per kg at 3:45 p.m. Tokyo time, down 1.1 yen from Mon. |
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zhuge_liang
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16-Jun-2008 23:27
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Rubber futures on TOCOM gathered steam on bull buying Mon. The benchmark, most distant Nov '08 contract rose 7.3 yen from Fri to 347 yen per kg at 3:45 p.m. Tokyo time. Light, sweet crude for July delivery soared to a trading record of US$139.89 before retreating on the New York Mercantile Exchange. |
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zhuge_liang
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13-Jun-2008 23:28
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Tokyo rubber futures rose on Fri on the back of a weaker yen, but were restrained by slightly easier oil prices and profit-taking. The benchmark rubber contract on TOCOM for Nov delivery rose 6.5 yen to end at 338.5 yen per kg at 3:45 p.m. Tokyo time. |
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zhuge_liang
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12-Jun-2008 23:20
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Tokyo rubber futures fell 3.4% in rollercoaster trade on Thu, retreating from a 28-year high after weaker oil prices triggered stop-loss selling. The benchmark rubber contract on TOCOM for Nov delivery fell 11.7 yen, or 3.4%, to settle at 332.0 yen (US$3.09) per kg, the lowest since Jun 6. TOCOM hit 354.0 yen, the highest since 3/80 in the morning session on heavy fund buying driven by soaring oil prices, an easing yen and falling rubber supplies. "There was huge short-covering by investment funds and fresh buying by day-traders which pushed prices to that high," a Japanese dealer said. "Oil prices fell in the afternoon and spurred profit-taking by day traders, while investment funds had to liquidate contracts to stop losses," another Japanese dealer said. Rising oil prices usually encourage the use of natural rubber instead of synthetic rubber, a petrochemical product, and spur speculative buying on TOCOM. TOCOM was likely to be supported by an easing yen, which makes dollar-based rubber more expensive. Monsoon rains are disrupting tapping in Indonesia, Malaysia and Thailand. |
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zhuge_liang
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11-Jun-2008 23:54
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Tokyo rubber futures rose Wed due to active buying on the back of rebounding oil prices, a softer yen, and concern about supply. The benchmark rubber contract on TOCOM for Nov delivery rose 5.7 yen to 342.2 yen per kg at 3:45 p.m. Tokyo time. TOCOM rubber should remain supported by a weaker yen and strong demand as dealers expect Japan and China to buy more rubber to replenish stocks. |
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zhuge_liang
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10-Jun-2008 23:24
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Tokyo rubber futures dipped on Tue as investors booked profits after pushing up the most active contract to a near 2-week high on the previous day. The benchmark rubber contract on TOCOM for Nov delivery hit a high of 339 yen per kg, before ending at 337.1 yen per kg at 3:45 p.m. Tokyo, up 0.5 yen from Mon's close. The contract hit a high of 345.4 yen on Mon, its strongest since May 27 when it hit a 28-year high of 345.9 yen after oil hit record high. Dealers expected Tokyo futures to rebound due to a weaker yen. Tokyo rubber futures were also supported by declines in rubber inventories in Japan and China and may benefit from rebounding oil prices . Japan's crude rubber stocks fell 2.6% to 11,490 tonnes as of May 20, compared with previous data taken 10 days earlier, the Rubber Trade Association of Japan said on Mon. There was little activity in the physical market as high prices deterred buyers, but bids were heard for Indonesia's SIR20 tyre grade. |
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zhuge_liang
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09-Jun-2008 23:07
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Tokyo rubber futures rose around 3% to their highest in almost 2 weeks on Mon, after crude oil hit a record high above US$139 a barrel on Fri, lifting cash prices in Southeast Asia. The benchmark rubber contract on TOCOM for Nov delivery hit a high of 343.4 yen per kg, its strongest since May 27 when it hit a 28-year high of 345.9 yen. It was quoted at 340.1 yen per kg at 3:45 p.m., up 6 yen from Friday's close. High oil prices often help lift rubber prices as investors believe expensive oil will encourage a shift to NR from SR, a petrochemical product. Major tyre makers and main consumer China were in the market to stock up amid fears that cash rubber prices, hovering at their highest since the Korean War, would rise further. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 9% to 18,995 tonnes in the week ended Jun 5 from 20,875 tonnes the previous week, extending a 17% drop in the week ended May 29. |
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zhuge_liang
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06-Jun-2008 23:55
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Tyre makers and main rubber consumer China scrambled for stocks on Fri as supplies stayed tight in Southeast Asia, pushing up cash prices to their highest level since the Korean War, dealers said. Thailand's RSS3 and STR20 grades, Indonesia's SIR20 as well as Malaysia's SMR20 all hovered around US$3 a kg, their highest point since 1952, when war in the Korean Peninsula sparked a boom in commodity prices. "I think consumers and the big ones such as Michelin, Bridgestone and Goodyear have made some adjustments now that prices are above $3," said a dealer in Thailand's southern city of Hat Yai. "I think China has used up most of the rubber in the warehouse. They have no choice but to buy. Their inventories have been falling," he said. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 9% to 18,995 tonnes in the week ended on Thu from 20,875 tonnes the week before, extending a 17% drop in the week ended on May 29. China mainly buys rubber from main producers Thailand, Indonesia and Malaysia as well as Vietnam. It imported 1.65 million tonnes of NR in 2007, up 2.2% yoy. Heavy rains in the Southeast Asian producers have disrupted tapping and reduced supplies, while an oil-led rally in Tokyo futures to multi-year highs also triggered gains in cash prices. The benchmark rubber contract on TOCOM for Nov delivery ended 6.7 yen or 2% higher at 334.1 yen per kg (US$3.15) on firm oil prices - within sight of a 28-year high of 345.9 yen hit on May 27. "Despite the price hike, consumers are still buying," said a dealer in Pekanbaru, the provincial capital of Riau in Sumatra. "China has used its own stocks because of a sharp increase in price but it has to buy now, whether they like it or not," said the dealer. |
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zhuge_liang
Supreme |
05-Jun-2008 22:47
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Tokyo rubber futures rose on Thu, but rises would be capped by weaker oil prices. The benchmark rubber contract on TOCOM for Nov delivery rose 5.2 yen to end at 323.5 yen per kg at 3:45 p.m Tokyo time. Upside is expected to be capped as weaker oil prices keep pressure on prices," one dealer said. U.S. front-month crude oil price was trading at US$121.85 a barrel. Oil prices fell more than US$2 on Wed after government data showed a sharp rise in US gasoline inventories and more Asian countries cut fuel subsidies, adding to global demand concerns. Physical rubber prices fell on Thu on easing supply concerns in Thailand, the world's biggest rubber producer, where rains have subsided, traders said. |
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zhuge_liang
Supreme |
04-Jun-2008 23:22
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Tokyo rubber futures dropped on Wed, surrendering part of the previous day's gains as weaker oil prices and falls in other commodities triggered stop-loss selling. The benchmark rubber contract on TOCOM for Nov delivery fell 3.5 yen to end at 318.1 per kg at 3:45 p.m Tokyo time. "TOCOM prices fell in line with other commodities, especially oil and gold, but should still be supported as physical supply remains tight," a Japanese dealer said. TOCOM rubber is not expected to fall sharply as the market should get some support on the physical side as persistent rains in producing countries are reducing supply. The US front-month crude oil contract was at US$123.95 a barrel, after falling more than US$3 a barrel the previous day. |
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zhuge_liang
Supreme |
03-Jun-2008 23:14
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Tokyo rubber futures rose on Tue, rebounding from a 2-week low on short covering, backed by supply tightness in major producer countries. The key TOCOM contract for Nov delivery was up 320.4 yen at 320.4 yen per kg at 3:45 p.m Tokyo time. "Nothing changed much on the rubber market. The market was higher due to short-covering after it fell to an attractive level on Mon," a Japanese dealer said. Rubber still received some support on the physical side as persistent rains in producing countries cut supply. Dealers said TOCOM prices could rise further as they broke Tue's key resistance of 320 yen. |
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television
Member |
03-Jun-2008 10:12
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dividends received liao and yet price stable at 22cts ,if only it broke 23cts with high volume,not bad for this stock to go past its pre sub prime level |
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zhuge_liang
Supreme |
02-Jun-2008 23:08
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Tokyo rubber futures dipped on Mon to a one-week low as the market lacked momentum to rebound due to weaker oil prices. The key TOCOM rubber contract for Nov delivery fell 1.7 yen to end at 316.2 yen per kg at 3:45 p.m. Tokyo time. Rains persisted in rubber producing countries causing supply tightness and lending support to TOCOM prices. |
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zhuge_liang
Supreme |
30-May-2008 23:22
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Rubber futures on TOCOM came under heavy selling Fri after 3 days of decline on oil futures' sharp decline. The most distant Nov '08 contract sank to 317.1 yen per kg at 3:45 p.m. Tokyo time, down 15.4 yen from Thu. |
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Nostradamus
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29-May-2008 23:13
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Rubber futures on tOCOM slipped back into the minus column Thu afternoon, entirely giving up the gains in the morning. The most distant Nov '08 contract fell 2 yen from Wed to 335.7 yen per kg at 3:45 p.m. Tokyo time. |
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Nostradamus
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28-May-2008 23:38
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Rubber futures on TOCOM succumbed to selling pressure Wed. The most distant Nov '08 contract sank to 338.8 yen per kg at 3:45 p.m. Tokyo time, down 2.5 yen from the previous day. |
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