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zhuge_liang Supreme	23-Apr-2008 11:21        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heavy resistance around 300 yen/kg. May need a few attempts before breaking. Major tyre makers and main rubber consumer China have turned aggressive buyers on fears of further rises in prices as tight supply lingers in Southeast Asia, dealers said on Tue. Singapore dealers, who normally sell rubber to China, bought Indonesia's tyre grade SIR20 in overnight deals at US$1.23-? and US$1.24 a pound (US$2.72 to US$2.73 a kg) free on board at Belawan port in North Sumatra for June shipments. Goodyear Tire & Rubber was believed to have bought May rubber at US$1.22-? a pound FOB at Pontianak in West Kalimantan. Malaysia's SMR20 was offered at US$2.68 a kg for Jun, and Thailand's RSS3 at US$2.85 to US$2.86 a kg, said dealers. "It looks like Singapore dealers are still short for Jun cargoes. They have to buy at very high prices," said a dealer in Pekanbaru, the provincial capital of Riau Sumatra. Rubber prices have gone up in the past month on tight supplies and an oil-led rally in Tokyo futures, which set the tone for physical prices. SIR20, for example, has risen nearly 7%. "Some consumers are short for nearby because they have been waiting for the price to come down. Buyers are underbought. That's why they have to cover their nearby requirements," said a dealer in Thailand's southern city of Hat Yai. "Tyre makers such as Goodyear or Bridgestone can't cut production. They have to pay up. China is also in the market but they complain the price is too high," he said. Latest data showed China's rubber investories were declining, while domestic output was hit by cold weather, which was expected to delay tapping. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 11% to 57,675 tonnes in the week ended on Mar 17 from 65,120 tonnes the week before. China's main rubber producer, Hainan State Farms, expects a long cold spell to delay the start of the tapping season and reduce its rubber output this year by about 15% from its original estimate, it said on its website (www.hifarms.com.cn). China mainly buys rubber from main producers Thailand, Indonesia and Malaysia as well as Vietnam. It imported 1.65 million tonnes of natural rubber in '07, up 2.2% on a year earlier. While sellers in Indonesia were keen to offer their products, those in Thailand preferred to sell rubber in small lots because of tight supplies. "There's no pressure to sell. Supply is tight because rubber trees are still recovering after the just-ended wintering season," said the dealer in Hat Yai. "We may have to wait for another month before supply returns to normal," he said. During the wintering dry season, rubber trees shed their leaves and latex output declines.
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terencefok Master	22-Apr-2008 22:57        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like rubber never goes above 300
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zhuge_liang Supreme	22-Apr-2008 22:50        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures dropped to a 1-week low on Tue due to a steadier yen and profit-taking that kicked in near the psychologically important 300 yen level, dealers said. The benchmark rubber contract on TOCOM for Sep delivery fell 9.5 yen to end at 286 yen per kg at 3:45 p.m. Tokyo time. Investors cashed in after prices rose to near the 300 yen mark, a key resistance level, while the firmer yen against the dollar spurred stop-loss selling, dealers said. "The yen kept pressure on prices, but I don't expect TOCOM prices to fall sharply as strong oil prices and limited supply should provide support," a dealer said. Rubber prices still got some help from US crude oil, which rose as high as US$118.05 in electronic trading on the New York Mercantile Exchange today. Physical rubber prices slipped on Tue in line with TOCOM, but the drops were likely to attract buyers, suggesting prices would move up again, traders said.
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zhuge_liang Supreme	21-Apr-2008 22:56        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM were narrowly mixed Mon afternoon, after buying fizzled out toward the morning close in the absence of fresh pegs. The benchmark, most distant Sep '08 contract traded at 292.8 yen per kg at 3:45 p.m. Tokyo time, down 0.2 yen from Fri, entirely giving up its morning gain. Oil hovered just below a record high above $117 a barrel on Mon. TOCOM prices were likely to rise further to test the next key resistance of 300 yen, although profit-taking by day-traders and thin volume should limit the gains, dealers said. "I think funds would be the buyers this week but it seems like they were not in the market this morning," one dealer said. In the physical market, rubber prices were quoted unchanged as thin demand offset the small rises on TOCOM. Trading was not busy, with buyers staying on the sidelines waiting for a price dip, traders said. "Only key tyremakers are still buying, but they're after forward shipments with 2-3 cents discount," a Thai trader said. Farmers in Thailand, the world's biggest producer, had started tapping but rubber trees are still producing less latex due to the seasonal hot weather, resulting in limited supply, traders said. "Latex output will increase gradually from now on and supply should rise in May," one trader said.
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Nostradamus Supreme	18-Apr-2008 22:44        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude oil prices are on course to reach US$120-US$125. Rubber futures on TOCOM were narrowly mixed Fri, after drifting in a hectic session around Thu's closing levels. The benchmark, most distant Sep '08 contract fell 0.9 yen from Thu to 293.3 yen per kg at 3:45 p.m. Tokyo time, entirely giving up its moderate morning gain. It finished the morning session at 295 yen per kg.
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DeepThoughts Member	18-Apr-2008 01:14        DeepThoughts About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think investors with investment time frame will certainly benefit from this counter. Rubber prices has climbed to 300yen/kg . That about SGD $3900/ton. Last years profit drop was due to weak rubber prices and reduction of production capacity due to weather in their Cameroon Plantation. I do not expect this to happen again this year. Their Kalimantan plantation is capable of contributing about 30,000 ton to their sales. NTA is about 14c for year ended 2007. On the back on the commodity price increase and increase on total production volumes. This counter is expected record profit for this. Watch out for the 1H announcement in August
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Nostradamus Supreme	17-Apr-2008 23:21        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude oil surged to a new peak of US$115.52 a barrel in electronic trading on the New York Mercantile Exchange before easing a bit. It's going to US$120 soon. NR futures are going to reach 300 yen/kg pretty soon. I repeat my stand that GMG may reach $0.18 or higher. Tokyo rubber futures rose to a 1-month high on Thu as surging oil prices spurred buying and improving technical signals prompted active short-covering. The benchmark rubber contract on TOCOM for Sep delivery rose 3.4 yen to end at 295.0 yen per kg at 3: 45 p.m Tokyo time. Earlier, it touched 295.3 yen, the highest since Mar 13. Short-covering intensified after the key contract broke resistance at 294.4 yen, a peak reached last week. The contract would extend gains beyond the 50-day MA of 294.8 yen. "Rubber is up on firmness in other commodities. Short holders have been covering their positions, especially after finding solid support below 280 yen this week," said Shuji Sugata, assistant manager at Mitsubishi Corp Futures in Tokyo. "Rubber is expected to take its cue from other commodities, although the market is closely watching supply conditions in Thailand after the wintering," he said. In the physical market, rubber prices rose in line with TOCOM. Physical trade was likely to revive as Thailand, the world's biggest producer, resumed trading after its extended New Year holiday period, traders said. "But not many deals have been done as high prices kept buyers on the sidelines," one trader said. Tyre makers, including some from China, the biggest rubber consumer, bought rubber for Jun shipment, traders said. Physical prices were expected to remain high over the next few months as supply was still limited, traders said.
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zhuge_liang Supreme	16-Apr-2008 22:47        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures jumped as much as 2% to touch a 1-week high on Wed on bullish crude oil prices, with technical short-covering emerging after prices broke through an important resistance level. The benchmark rubber contract on TOCOM for Sep delivery rose 5.3 yen to end at 288.8 yen per kg. It rose as high as 289.3 yen, the highest since Apr 8. "There are many exterior factors such as record high oil to induce short-covering," said Jun Nishimuta, an analyst at Kanetsu Asset Management in Tokyo. Technical trends brightened after the key contract rose through the 10-day MA of 285.8 yen and the 25-day MA of 284.8 yen, Nishimuta said. "Other commodities are strong. It is possible for the market to test the benchmark above 290 yen and towards 295 yen in the near term." On Mon, the Sep rubber contract slipped to 277.6 yen, the lowest since Mar 31. But funds were forced to buy back their positions after the key contract held above 280 yen the previous day in response to the strength in the energy market. Traders said the next key resistance would be 294.4 yen -- a high marked on Apr 8. U.S. crude oil futures hit a fresh peak of US$114.41. Today's price is more than 3x the average price of '02, when oil's rally began. In the physical market, rubber was quoted higher, supported by rising TOCOM prices and limited supply. But trading was not busy because Thailand was on holiday. Several buyers were also holding back orders waiting to buy when prices dipped, traders said.
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zhuge_liang Supreme	15-Apr-2008 23:01        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM remained moderately higher Tue afternoon, resisting a further retreat from early highs. The benchmark, most distant Sep '08 contract traded at 282.3 yen per kilogram at 3:45 p.m. Tokyo time, up 0.6 yen from Mon. Crude oil set a new record of around US$112.50 before retreating.
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Nostradamus Supreme	14-Apr-2008 22:56        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	There seems to be some support around 280 yen/kg. Rubber futures on TOCOM regained strength Mon afternoon, wiping out part of the morning losses. The benchmark, most distant Sep '08 contract traded at 281.6 yen per kg at 3:45 p.m. Tokyo time, down 0.4 yen from Fri. It finished the morning session at 278.3 yen per kg. The losses became smaller on renewed buying in the afternoon.
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Nostradamus Supreme	11-Apr-2008 22:42        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	The key rubber contract on TOCOM rose marginally on Fri supported by investors buying on a rebound in the dollar against the yen. But a retreat in oil prices from record highs marked earlier this week weighed on the TOCOM market. The benchmark Sep contract rose 1.7 yen, or 0.6%, to end at 282.8 yen (US$2.78) per kg. News on Thu that there would be no strike at Indonesian ports erased concerns among some traders about a halt of physical supply from the world's 2nd-biggest rubber producer, spurring light selling in nearby months. An official of the union at Indonesia's state-run port firm Pelindos said on Thu that port workers have called off a threatened strike over a bill passed by parliament this week ending the firm's monopoly. "The weaker yen supported TOCOM prices, but weaker oil prices still weighed," one dealer said."I think TOCOM prices would be capped withing the range of 280-290 yen," a trader said. "Farmers should resume tapping in the last week of April, but prices are not expected to fall immediately as supply should improve gradually in May," a trader in Thailand's Hat Yai rubber centre said.
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Nostradamus Supreme	10-Apr-2008 23:07        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures slipped 1% on Thu on profit-taking and stop-loss selling due to a stronger yen, but a rally in oil prices still provided support. The benchmark rubber contract on TOCOM for Sep delivery fell 2.9 yen to end at 281.7 yen (US$2.77) per kg at 3:45 p.m. Tokyo time. "TOCOM prices should find a strong support level at 280 yen, on the back of strong oil prices," one dealer said. U.S. crude for May delivery traded at US$110.92 per barrel at 0245 GMT on Thu, having hit an intraday record of US$112.21 on Wed. In the physical market, rubber prices were quoted lower in line with falling TOCOM. Trading was expected to be brisk with several major tyremakers buying on dips in prices, traders said. Buyers from China, the world's biggest rubber consumer, were in the market. Physical rubber prices were expected to remain firm over the next few weeks, supported by limited supply. Farmers in Thailand and Malaysia have halted tapping as rubber trees shed leaves during the wintering period. Tapping is expected to resume in late Apr when the dry season ends.
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Nostradamus Supreme	09-Apr-2008 22:40        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM Wed afternoon gave up the entire morning gains. The benchmark, most distant Sep '08 contract fell 1.5 yen from Tue to 284.5 yen per kg at 3:45 p.m Tokyo time.
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zhuge_liang Supreme	08-Apr-2008 22:45        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM ran out of steam Tue afternoon, falling deep into minus territory. The benchmark, most distant Sep '08 contract traded at 285.2 yen per kg at 3:45 p.m. Tokyo time, down 6.8 yen from Mon. The key contract climbed to a new lifetime high of 294.4 yen in early trading. Profit-taking became dominant in the afternoon session, sending the benchmark contract slipping far below support at 290 yen.
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zhuge_liang Supreme	08-Apr-2008 12:51        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Indonesia was likely to see a 4% rise of natural rubber exports this year, down from nearly 5% in 2007 due to the U.S. economic slowdown, an industry official said on Wed. Indonesia exported 2.41 million tonnes of natural rubber in 2007, up 4.78% from 2006, with the United States the top buyer at 800,000 tonnes.
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zhuge_liang Supreme	07-Apr-2008 23:01        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber prices nearly 1% on Mon to touch a 3-week high on the back of strong oil prices, but gains were capped by profit-taking. The benchmark rubber contract on TOCOM for Sep delivery rose 2.8 yen to end at 292.8 yen per kg at 3:45 p.m. Tokyo time. It rose as high as 293.8 yen, the highest since Mar 13, before speculative day-traders took profits. Oil prices neared US$107 a barrel on Mon, extending last week's late rebound after the dollar fell and a fire hit a U.S. refinery. "TOCOM prices should rise further after breaking above 290 yen as limited supply should provide support, but I'm afraid profit-taking could cap the rise," one dealer said. In the physical market, rubber prices were quoted unchanged as thin trading offset rising TOCOM prices. Physical trade in Thailand was sluggish due to a public holiday, traders said. "But major tyremakers kept buying rubber from Indonesia and Malaysia," a Malaysian trader said. Physical rubber prices were supported by supply tightness with tapping at the world's top producers low due to seasonal factors.
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zhuge_liang Supreme	04-Apr-2008 22:55        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures closed a touch higher on Fri as firm oil prices and a weaker yen helped boost prices rebound. The benchmark rubber contract on TOCOM for Sep delivery rose 1.0 yen to 290.0 yen (US$2.83) per kg, a key psychological level. It fell to an intra-day low 287.5 yen on profit-taking in early trade, but strong crude oil prices and the weaker yen were supportive, dealers said. In the physical market, rubber prices were quoted slightly lower in thin trade, with buyers waiting for a clear direction on TOCOM. "Buyers would buy when TOCOM fall much lower after prices failed to break above 290 yen," a Singapore-based trader said. "Physical prices may slip as trading was slow ahead of the weekend, but I don't expect a sharp fall as supply remains low," a Thai trader said. However, major tyremakers kept buying with Malaysian SMR20 sold at US$2.66 per kg and Indonesian SIR20 at US$1.19 per lb, traders said. Supply remained low in Thailand and Malaysia. In Indonesia, supply was limited as tapping was disrupted frequently by rain.
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zhuge_liang Supreme	04-Apr-2008 13:05        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber tapping in southern Sumatra, Riau and some part of Borneo island may be hampered as the La Nina weather phenomenon is likely to continue this year, causing a 'wetter' dry season. The dry season is likely to come in May and June in Lampung, Bengkulu and South Sumatra provinces the Indonesia Meteorology and Geophysics Agency said in its forecast for the Apr-Sep '08 dry season. The weather agency said the dry season was likely to arrive in South Sumatra in late May and the middle of Jun in Riau while some parts of west and central Borneo were likely to have dry season in Jul. "Rubber production in those areas may be hampered. Tapping may slow because there's still plenty of rain," said Suharto Honggokusumo, executive director of the Indonesia Rubber Association. La Nina, or 'Little Girl' in Spanish, is an unusual cooling of Pacific Ocean surface temperatures that typically brings rain to eastern and nothern Southeast Asia. Honggokusumo said if the wetter dry season continued, rubber output from the world's 2nd-largest rubber producer may grow only 4% to about 2.9 million tonnes this year from about 2.8 million in '07.
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AK_Francis Supreme	03-Apr-2008 23:40        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	Ah yo yo, rubber price going up, woo yiarn boh(sure or not), demand now is low leow, as China will never stop at One leow. Petrol up and new ERP policy issue would definitely hinder the rubber price.
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zhuge_liang Supreme	03-Apr-2008 23:14        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM held on to the solid morning gains Thu afternoon, attracting buying on the back of oil and precious metals futures' strength. The benchmark, most distant Sep '08 contract rewrote its listing-to-date high, climbing 7.1 yen from Wed to 292 yen per kg at 3:45 p.m. Tokyo time.
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