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zhuge_liang Supreme	09-Feb-2008 13:17        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM maintained strength Fri afternoon, further expanding gains from the morning session. The benchmark, most distant Jul '08 contract rose 7.7 yen from Thu to 296.9 yen per kg at 3:45 p.m Tokyo time.
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zhuge_liang Supreme	06-Feb-2008 23:00        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM fell deeper into minus territory Wed afternoon, pressured by selling on declines in oil and gold futures. The benchmark, most distant Jul '08 contract sank 6.8 yen from Tue to 288.3 yen per kilogram at 3:45 pm Tokyo time.
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zhuge_liang Supreme	05-Feb-2008 23:15        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell >1% to below 300 yen again on Tue as investors continued to take profit as oil prices slipped. The benchmark rubber contract on TOCOM for Jul delivery fell 3.8 yen, or 0.9%, to 297.1 yen per kg at 3.45 pm Tokyo time. "I think TOCOM may lose the momentum to stay above 300 yen as oil prices were below US$90 a barrel again," one dealer said. In the physical market, rubber prices were quoted mostly unchanged as limited supply offset the falls on TOCOM. Trading was thin with China, the biggest buyer, in Lunar New Year holiday mode while other major tyremakers were on the sidelines, waiting to buy at cheaper prices, traders said. "We needed to quote high due to expensive raw material prices as supply was tight. Our production fell by around 40% due to the cold and dry weather," a trader in Thailand's Hat Yai rubber centre said.
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zhuge_liang Supreme	05-Feb-2008 12:33        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Global rubber consumption is forecast to grow 2.7% this year after rising 5.7% in '07 -- the fastest in 3 years on growing demand in key markets, the International Rubber Study Group said on Mon. Natural rubber output was stagnant at 9.69 million tonnes last year because of bad weather in some producing countries, including Thailand, Malaysia and India, the group said in its latest report. But global natural rubber output could pick up in '08 before slowing down again. "Global natural rubber output is expected to pick up speed this year but then will slow down again to average for the 3 years of 4.3%, bringing it to 10.98 million tonnes in '10," the report said. "With production improving and a slowdown in demand is expected, natural rubber is expected to return to a surplus situation over the next 3 years." Global synthetic rubber consumption was estimated to have increased by 6% to 13.19 million tonnes in 2007, while natural rubber consumption rose by 5.4% to 9.71 million tonnes. "Growth in '07 was supported by the rapid increase in Asia/Pacific and non-EU Europe. It was quite a turnaround for the natural rubber sector -- from a surplus of 464,000 tonnes in '06 to a deficit of 30,000 tonnes last year." But global natural and synthetic rubber consumption would grow at a slower rate of 2.7% in '08 before recovering to 4.2% in '09 and 4.5% in '10, the group said. The average annual growth rate of 3.8% in the next 3 years would lift annual rubber consumption to 25.60 million tonnes by '10, it said. "The global vehicles market closed out last year with increased sales, with much of the spur for growth coming from the key emerging markets," said the report. "However, despite the estimated growth for '07, the year also saw the same key emerging markets' growth in sales losing steam through the 4th quarter, and the outlook for '08 is not as positive." UK-based IRSG, which compiles data and issues forecasts for global supply and demand, does not forecast prices. International prices have quadrupled since hitting 30-year lows in '01 after main producers Thailand, Indonesia and Malaysia decided to curb output to push up prices. "The sources of price rise remains the same as throughout '07: rising oil prices, weather-induced supply disruptions and currency movements feeding into physical prices via the paper market," said the IRSG. Thai Rubber Association said last month Thailand expected no growth in rubber exports this year as a US economic recession could trim global demand, but erratic weather should limit supply and keep prices high. The world's biggest rubber producer exported 2.9 million tonnes in '07, down from 3.0 million tonnes a year earlier, according to Commerce Ministry data.
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zhuge_liang Supreme	04-Feb-2008 23:24        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose to a 3-week high on Mon, hovering above 300 yen as physical supplies fell, but sentiment was still fragile. The benchmark rubber contract on TOCOM for Jul delivery rose 0.2 yen at 3.45 pm Tokyo time to 302 yen per kg. It rose as high as 304.1 yen, the highest since Jan 15, before profit-taking cut in and the market was expected to be buffetted by bullish and bearish factors, dealers said. "Investment funds may came back and buy on the back of tight supply, but TOCOM prices remain under pressure from slipping oil prices," one said. In the physical market, rubber prices were quoted higher due to rising TOCOM prices and limited supply. Trading was likely to be thin this week as China, and some Chinese businesses in S'pore and Thailand were on a week-long Lunar New Year holiday, traders said. "Also, higher prices kept buyers on the sidelines," a dealer said. "Some producers have had to delay shipments up to 3-4 weeks as they don't have enough supply," an Indonesian trader said.
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zhuge_liang Supreme	01-Feb-2008 23:41        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	I've no idea how often they change the daily limit. Rubber futures on TOCOM gained for the 4th day, gathered steam Fri afternoon and expanded the morning's gains on bull buying. The most distant Jul '08 contract broke above 300 yen, rising to 300.3 yen per kg at 3:45 pm Tokyo time, up 7.3 yen from Thu.
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cmloo1 Member	01-Feb-2008 17:22        cmloo1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber limit has been adjusted to 16 pt. Anyone has any idea how frequent TOCOM change it?
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zhuge_liang Supreme	31-Jan-2008 23:46        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM generally maintained strength on Thu. The most distant Jul '08 contract traded at 291.6 yen per kg at 3.45 pm Tokyo time, up 0.8 yen from the previous day.
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Nostradamus Supreme	30-Jan-2008 19:28        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose for the 2nd consecutive session on Wed as strong crude oil prices encouraged buying, but the upward momentum was capped in part by a firmer yen. The benchmark rubber contract on TOCOM for Jul delivery rose 0.7 yen to ended at 291.9 yen per kg, shedding part or all of the morning gains. Trading on the Tokyo market has been volatile this year, with rubber prices falling about 12 % in the space of roughly 2.5 weeks since they hit the year's high of 312.3 yen on Jan 4, the first trading day of the year. Crude oil rose US$1 to more than US$92 a barrel on Tue as expectations the U.S. Federal Reserve would cut interest rates again this week and OPEC would maintain output cuts offset concerns about a potential U.S. recession. In the physical market, rubber prices were higher on the back of rising TOCOM and limited supply. Trading was active as China, the world's biggest buyer, hunted rubber ahead of the week-long Lunar New Year, traders said. "We have only a few days left to sell rubber to Chinese buyers as they will all be on holiday next week and the market will be very quiet," a Malaysian trader said. Physical prices were likely to remain firm despite an expected lull in demand during China's Lunar New Year holiday as supplies were limited by seasonal factors, they said. "More shipments have been postponed in Indonesia as supply was tight due to rains," an Indonesian trader said.
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zhuge_liang Supreme	29-Jan-2008 19:33        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures bounced back more than 1% on Tue due to active buying spurred by strengthening oil prices and precious metals hitting records. The benchmark rubber contract on TOCOM for Jul delivery rose 4.8 yen to end at 292.2 yen per kg. Oil rose on expectations OPEC would maintain output levels and the Federal Reserve would cut interest rates again to help stimulate the economy of the world's top energy consumer. In the physical market, rubber prices were higher, tracking TOCOM rises. Trading was slow as most buyers waited for a clearer indication of price direction because TOCOM, which sets the global trend, was quite volatile, traders said. "Only Chinese buyers kept buying as they will be on a long holiday next week," one trader said, referring to the week-long Lunar New Year vacation. Physical prices were likely to remain strong this week due to falling supply in major producing countries with Thailand and Malaysia in the wintering dry season when rubber trees produce less latex. "Production will fall further over the next few weeks as some farmers may stop tapping in the week after Chinese Lunar New Year," a Thai trader said. "They would stop tapping for around one month as rubber trees won't produce latex when their leaves fall," another said. Indonesia is in the rainy season, when tapping is interrupted frequently.
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zhuge_liang Supreme	29-Jan-2008 00:58        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures, which soared the daily limit late last week, fell more than 1% on Mond as crude oil prices fell. The newly listed benchmark rubber contract on TOCOM for Jul delivery fell 7.6 yen from its opening price to end at 286.6 yen per kg. "TOCOM sentiment was not so good as oil prices fell below US$90 a barrel again and the yen may rise further," one dealer said. Oil prices fell as a weak close on Wall Street spurred some profit taking, although expectations that OPEC would maintain production curbs this week limited the drop. Rubber prices are often influenced by the direction crude prices take as investors believe expensive oil could encourage a shift to NR from SR, a petroleum product. In the physical market, rubber prices were quoted mostly unchanged as limited supply offset weak TOCOM sentiment. Physical prices were likely to remain firm this week as the wintering dry season, when rubber trees produce less latex, has started earlier than usual this year in Thailand, traders said. Malaysia is also in dry season while Indonesia is in the rainy season when tapping is disrupted frequently. "Demand may slow later this week as China will stop buying ahead of the Lunar New Year holiday next week," one dealer said.
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zhuge_liang Supreme	25-Jan-2008 23:28        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber prices depend on the seasons and track crude oil prices. Tokyo rubber futures rose on Fri as crude oil prices rose and Wall Street rebounded after a US government tax rebate plan eased concerns about rubber demand. The benchmark rubber contract on TOCOM for Jun delivery rose by the daily limit of 8 yen to end at 287.9 yen per kg. US crude oil futures jumped nearly 3% on Thu after the White House and the Congress reached a tentative deal on a package of tax rebates aimed at easing the risk of recession in the world's largest oil consumer. In industry news, Bridgestone said this week it would invest 10 b yen (US$93 m) to expand auto tyre output at a Thai plant by 20% to 36,500 per day by the end of 2010. The expansion was aimed at meeting growing demand in Thailand as well as exports to Europe, North America and the rest of Asia, Japan's biggest tyre maker said. In the physical market, rubber prices were quoted higher as TOCOM prices rose in the face of limited supply. Trading was likely to be busier with tyremakers from Europe, Japan and China starting to buy again after realising prices would not come down after TOCOM rebounded, traders said. "There should be more buyers, buying ahead of the weekend as they expect prices to rise from now on because of falling production," a Thai trader said.
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timewatch Senior	25-Jan-2008 12:44        timewatch About Contact  Quote this Post!
x 0   x 0  Alert Admin	usually which time of the year does rubber price usually dip?
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zhuge_liang Supreme	24-Jan-2008 21:00        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	The key Tokyo rubber futures contract rose modestly in thin trade on Thu due to a recovery of oil prices, but sentiment remained weak as fears of a US-led economic recession lingered. The benchmark contract on TOCOM for Jun delivery rose 0.7 yen to end at 278.5 yen per kg. TOCOM sentiment remained weak with investors and funds lightening their positions to avoid risks due to fears that an economic recession led by credit woes in the US could trim rubber demand, dealers said. In the physical market, rubber prices slipped as buyers waited for them to fall after futures contracts dipped on the TOCOM, which sets global price trends. Physical trade was slow with buyers, including China, on the sidelines and producers refusing to lower their offers as bad weather pushed up raw material costs, traders said. "The market has become quiet again as producers won't cut their prices while buyers don't want to pay those high prices," one trader said. However, physical prices remained supported by tight supplies because Thailand and Malaysia have entered the wintering dry season, when rubber trees produce less latex, earlier than expected. Indonesia is in the rainy season when tapping is interrupted frequently. "It's raining all day in several producing areas and production is very low," an Indonesian trader said. "I heard that some producers had to postpone their shipments for a couple of weeks."
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zhuge_liang Supreme	23-Jan-2008 00:36        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM expanded losses Tue. The benchmark, most distant Jun '08 contract stood at 277.3 yen per kg, sinking by a daily limit of 8 yen.
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zhuge_liang Supreme	21-Jan-2008 23:09        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM moved up slightly in general Mon after a bearish mood in the morning. The benchmark, most distant Jun '08 contract ended at 287.9 yen per kg, down 0.5 yen from Fri.
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zhuge_liang Supreme	18-Jan-2008 21:14        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures took a sharp downturn Fri in step with declines in gold and oil futures. The benchmark rubber contract on TOCOM for Jun delivery fell 6 yen to end at 287.2 yen  per kg.
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zhuge_liang Supreme	17-Jan-2008 19:11        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures crept higher on Thu as a slight fall of the yen against the dollar and supply concerns prompted short-covering a day after a near 3% drop. The benchmark rubber contract on TOCOM for Jun delivery rose 1.9 yen to end at 292 yen per kg. The daily limit was widened to 12 yen on Thu for all contracts except the front-month Jan contract, which is limitless. Investors were watching whether TOCOM prices could break above the psychological 300 yen, dealers said. "If prices can't break above 300 yen, we might see TOCOM prices heading downward again," one said. Japanese rubber futures prices were supported by expectations of tight supplies in key producing countries, traders said. In the physical market, rubber prices were quoted lower in after TOCOM fell on Wed, but trade was active, with several deals done after prices fell, traders said. "TOCOM prices fell sharply yesterday, but I don't think physical prices would fall that sharply as demand remains strong while supply is likely to fall," a trader in Thailand's Hat Yai rubber centre.
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Nostradamus Supreme	17-Jan-2008 00:51        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell on Wed, weighed down by weaker energy prices and a stronger Japanese yen. But they should find some support as demand from China remained strong and supply was likely to fall in Feb as key producers Thailand and Malaysia move into the dry season, when latex output slows. The benchmark rubber contract on TOCOM for Jun delivery fell 7.2 yen to end at 290.9 yen  per kg. It fell by a daily limit of 8 yen early in the afternoon, slipping below 297 yen, the 5-day MA, and 295 yen, the 25-day MA. Sharp falls of Japanese stocks and drops in other yen-denominated commodity prices, including a near 2% fall of gold, also hurt sentiment on rubber. In the physical market, rubber prices were quoted higher as strong demand outweighed the impact of falls of futures contract prices on TOCOM. Several buyers were in the market to cover their demand in Feb and Mar, when supply was expected to drop as Thailand and Malaysia would be in the dry season, traders said. "Not only Chinese tyremakers, but also glove makers in Pakistan are buying as they fear that there would be less supply in the winter," a Malaysian trader said. Thailand, the number one producer, and Malaysia, the 3rd biggest, were expected to enter the wintering dry season, when rubber trees produce less latex, at the end of Feb. But the season may start earlier in Thailand this year with rubber trees in some Andaman coastal areas already starting to shed their leaves, signalling that rubber output would fall soon.
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zhuge_liang Supreme	16-Jan-2008 00:49        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose more than t2% to a one-week high on Tue as firm prices of other commodities, including gold, and a strong physical rubber market encouraged buying. The benchmark rubber contract on TOCOM for Jun delivery rose 4.8 yen to end at 304.3 yen per kg. It touched 306.5 yen, a 2.3%to rise to the contract's highest since Jan 8. Sentiment improved after breaking above a series of moving averages, including the 10-day MA of about 304 yen. The market could test the 313.0 yen high reached on Dec 27, dealers said as firm commodity markets encouraged buying. "It's possible for TOCOM prices to test the new high as technical sentiment improved after prices broke above 300 yen again," one dealer said. Asian physical rubber prices rose as demand remained strong, especially from China, the world's biggest buyer of rubber, and supply was likely to fall during Feb and Mar when Thailand, the biggest producer, is in the dry season. China's tyre production would rise more slowly than last year's 16 to 18%, but the booming auto industry should keep demand for imported rubber growing at the same clip, an industry leader said. Ju Hongzhen, president of the China Rubber Industry Association, told Reuters he expected tyre output to expand by about 12 to 15% this year due to cuts in tax rebates on exports and measures to tighten monetary policy. But there was unlikely to be any let-up in imports by the world's top consumer and importer of NR, he said. On the physical front, rubber prices were higher, backed by rises on TOCOM and strong demand. Physical trade was expected to be busy this week with buyers, especially the Chinese, stocking up ahead of a week-long Lunar New year holiday in Feb. Tyremakers were also building up stocks ahead of the wintering dry season when supply falls, traders said. "Higher prices may make them think harder about buying, but they still have to buy anyway because there will be less supply available in the market in Feb and Mar," one said.
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