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Nostradamus Supreme	30-Oct-2007 00:26        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose more than 2% to their highest levels in 15 months (since Jul '06) on Mon, buoyed by surging oil prices and falling supply. The benchmark rubber contract on TOCOM for Apr delivery rose 7.2 yen to end at 297.7 yen per kg, after rising to a threshold of 300 yen early in the morning. Speculative buying from investment funds, especially since late last week, continued against the backdrop of higher oil prices. Since the distant month cleared a psychological barrier of 250 yen last month, speculative buying has resulted in a rush of short covering and helped bolster the market. TOCOM rubber was also buoyed by the the physical rubber market, where prices were boosted by limited supplies. Physical trade was likely to remain thin this week as high prices would keep buyers on the sidelines, traders said. Prices of Thai rubber grades rose further and were expected to remain higher in November as seasonal rains cut supply, traders said. "Floodwaters in Thailand's south have receded, but rain was still falling in several key rubber growing areas," another southern-based Thai trader said.
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Nostradamus Supreme	26-Oct-2007 23:41        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose to their highest in almost 5 months on Fri on the back of tight supply and record oil prices. The newly listed benchmark Apr rubber contract on TOCOM reached 290.5 yen, up from its debut price of 289.6 yen, surpassing a barrier at 290 yen. Technical trends were bullish after a rally of Tokyo rubber futures over the last 2 months encouraged investment funds to buy the long end of the market. Funds are keen to roll over into the Mar and Apr contracts as supplies usually get tight around that time, when production in major producing countries tend to fall. The key psychological resistance for April TOCOM rubber would be 300 yen, dealers said. TOCOM rubber last climbed above 300 yen in Jul '06 and has failed 3x to scale that height this year, in Feb, Apr and May. It peaked at 299.5 yen on Apr 17. Yet, market bears were concerned about the speed of the rise after seeing the key contract surge about 25% from this year's low of 232.5 yen on Aug 22. Firmer energy prices were a major reason for heavy buying of rubber. TOCOM rubber was also buoyed by strong physical rubber prices. On the physical front, prices rose further in line with TOCOM. Supply remained tight as heavy rain and floods in Thailand disrupted tapping and transport, a Thai trader in Thailand's Hat Yai rubber centre said. The rain in the south was expected to persist next week, the Thai Meteorological Department said, which could push prices even higher. Rain also pushed prices up in Malaysia, one Malaysian trader said. He estimated that rains cut around 60% of supply so there was around 40% left in the market.
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Nostradamus Supreme	25-Oct-2007 22:44        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures were mostly lower on Thu as a strengthening yen spurred selling ahead of the Oct contract's expiry, but limited supply and bullish energy prices were supportive. The benchmark rubber contract on TOCOM for Mar delivery fell 1 yen to end at 283 yen per kg, after trading in a range of 281 yen to 284.6 yen. "It might be a technical correction due to position adjusting and the rising yen, but fundamentals should support," a dealer said. A stronger yen makes dollar-based rubber cheaper and encourages players to sell rubber futures to stop losses. But TOCOM prices were still supported by bullish oil prices and limited rubber supply. Firmer energy prices help rubber, as higher oil prices usually prompt a shift to NR from SR - a petrochemical product. On the physical front, rubber prices were quoted higher on Thu as limited supply in producing countries offset falls on TOCOM. Seasonal rain in Thailand's south caused floods in key rubber growing areas, which will result in falling supply over the next week, traders said. Physical trade was thin as high prices kept buyers, especially China, the world's biggest, on the sidelines, traders said.
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Nostradamus Supreme	24-Oct-2007 20:05        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose to their highest since early Jun as traders eyed scant physical supply and rolled positions out of the soon-to-expire Oct contract. The benchmark Mar rubber contract on TOCOM rose 1.3 yen to end at 284 yen per kg. But gains were capped by profit taking due to falls for energy prices, dealers said. "TOCOM prices might enter a short-term correction phase due to profit taking as technical factors such as oil prices changed," a dealer said. While falling oil prices weighed on TOCOM prices, support came from supply concerns and firm demand. Japan's rubber stocks inched up, but were still near a record low. Rubber Trade Association of Japan data showed crude rubber stocks held at domestic warehouses rose nearly 4% to 7,792 tonnes by Oct 10 from a 2-year low of 7,511 tonnes on Sep 30. In the physical market, rubber prices remained firm in line with rises on TOCOM. Trading was active as Thailand came back from a day's holiday, while demand was strong with key buyers such as China and Japan in the market, traders said. "They needed to buy despite high prices," a Malaysian trader said. "They realised that prices won't drop over the next few weeks." Supply was still tight as scattered rain cut output in Thailand's south and in Malaysia, while Indonesia was in the dry season when latex output falls, they said.
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Nostradamus Supreme	22-Oct-2007 23:43        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures plunged on 1.6% Mon as a sharply higher yen and falls in global equities prices prompted investment funds to lighten positions in commodities in an effort to reduce risks. The benchmark TOCOM rubber contract for Mar delivery fell as far as 278 yen, down 4.6 yen from Fri's close. But it found support due to wariness over tight supplies. "Rubber has been driven down along with other commodities. The yen's rise had the biggest impact to trigger sales today," said Shuji Sugata, manager at Mitsubishi Corp Futures and Securities Ltd. "We need to watch whether the yen will rise further or whether other commodities will weaken more. Near-term technicals for TOCOM rubber deteriorated after today's sharp falls." TOCOM rubber may have entered a major corrective phase after rising to a high of 283.5 yen on Thu and Fri, up nearly 22% from a low of 232.5 yen reached on Aug 22. The dollar plunged against the yen after traders took a tumble in U.S. stocks and the apparent indifference of Group of Seven finance officials to recent dollar weakness as a cue to dump the U.S. currency. Yet lingering concerns over physical supplies and high oil prices could limit falls. On the physical front, rubber prices were higher on supply worries, despite falls on TOCOM. Scattered rain cut output in Thailand's south, which produces around 90% of the country's annual 3 million tonnes, traders said. Trading was thin in Thailand as buyers waited for prices to drop, they said. Bridgestone Corp, Japan's top tyre maker, said on Mon it aimed to boost sales by nearly 20% to 4 trillion yen by '12 compared with expected sales for '07. Unveiling a new 5-year business plan, the company, which competes with France's Michelin for the title of world's biggest tyre maker, also said it plans to spend 32 billion yen to expand large tyre output in Japan.
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Nostradamus Supreme	19-Oct-2007 19:44        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures were steady on Fri, boosted by bullish crude oil prices and limited physical supply, but weighed down by a firmer Japanese yen and poor technical sentiment. The benchmark rubber contract on TOCOM for Mar delivery rose only 0.6 yen to end at 282.6 yen per kg, after moving in a range of 279.7 yen to 283.5 yen.   Traders were wary of chasing TOCOM rubber aggressively as it has risen more than 20 percent from an eight-month low in late August. "TOCOM prices should remain firm due to tight supply, but a stronger yen weighed on them," a trader said. U.S. crude futures slipped back from a record high of more than US$90 a barrel on Fri, but remained supported by the slipping dollar, tight fuel stocks and supply concerns from Iraq. Rain had stopped in Malaysia, but supply was still low as most farmers were still celebrating the end of Muslim fasting month, a Malaysian trader said. Production in Thailand was low due to seasonal rains, while Indonesia was still in the wintering dry season, when latex output falls, traders said.
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Nostradamus Supreme	18-Oct-2007 21:29        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rebounded on Thu, rising nearly 1% on the back of firm oil prices, but the upside was expected to be curbed by a stronger Japanese yen. The benchmark rubber contract on TOCOM for Mar delivery rose 2.7 yen to end at 282 yen per kg. It rose to a session high 283.5 yen, the highest since Jun 6, supported by crude oil prices hovering near the record high of of US$89 hit on Wed. TOCOM rubber was expected to rise further after staying above 277.0 yen, the 7-day MA, but the rise was likely to be capped by investors preferring to take profit rather than risk losses if the yen climbed, dealers said. In the physical market, rubber prices were quoted higher on Thu, backed by increasing demand and TOCOM's rise. Chinese and Japanese were buying to replenish falling stocks, traders said. Supply remained thin due to the rainy season in southern Thailand, which will run through Nov and diminish tapping in a region that produces around 90% of the country's annual production of 3 million tonnes.
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zhuge_liang Supreme	17-Oct-2007 19:18        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM turned lower on selling to take profits amid the yen's climb on exchange markets Wed. The benchmark, most distant Mar '08 contract finished at 279.3 yen per kg, down 2 yen from Tue.
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Nostradamus Supreme	16-Oct-2007 23:31        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM extended gains Tue, gathering steam on broad buying toward the end of the session. The benchmark Mar '08 contract finished at 281.3 yen per kg, up 4.1 yen from Mon, pushing above 280 yen for the first time as a most distant contract in about 4 months.
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zhuge_liang Supreme	15-Oct-2007 23:31        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM pushed up on bull buying Mon with the most active contract hitting a new listing-to-date high. The benchmark, most distant Mar '08 contract finished at 277.2 yen per kg, up 2.9 yen from Fri, after rising as high as 278.6 yen.
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Nostradamus Supreme	12-Oct-2007 21:30        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM were narrowly mixed at the end of the session Fri. The benchmark, most distant Mar '08 contract settled at 274.3 yen per kg, down 0.2 yen from Thu.
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Nostradamus Supreme	11-Oct-2007 19:25        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures extended recent gains on Thu as sentiment, backed by firm oil prices, improved after prices broke through resistance at 270 yen. Benchmark rubber for Mar '08 delivery on TOCOM rose 2.1 yen to end at 274.5 yen per kg. It rose to 275.4 yen, the highest for any benchmark since Jun 20. "Sentiment improved after prices broke above 270 yen and I think they should rise higher as oil prices remained firm," one dealer said. Wariness about tight supplies continued as persistent rains in producing countries curbed tapping and after flood damage in Vietnam. Physical rubber prices were quoted higher in line with TOCOM. Trading was active with several deals done ahead of a one-week long Muslim holiday in Indonesia and Malaysia, traders said. Supply in Indonesia was expected to improve gradually as the wintering dry season ended in late October, he said. But physical prices were likely to stay high over the next few weeks as rain on Thailand's Andaman coast and in Malaysia disrupted tapping, traders said. "Buyers were expected to turn to Thailand next week as Malaysia and Indonesia will be on holiday," a trader in Thailand's Hat Yai rubber centre said.
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Nostradamus Supreme	10-Oct-2007 18:59        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose to a near four-month high on Wed as an easing Japanese yen and concerns about falling supplies encouraged buying. The benchmark rubber contract on TOCOM for Mar delivery rose 6.6 yen to end at a session-high of 272.4 yen per kg.   Investment funds were taking buy positions on TOCOM rubber due to concerns about supplies due to rain in Thailand and the typhoon season in East Asia. Supplies from Vietnam are likely to be reduced due to damage by a typhoon which caused floods that killed more than 70 people. TOCOM rubber was expected to rise after it breaking above the 200-day MA of 266.5 yen. This is bullish. In the physical market, rubber prices were quoted mostly unchanged in light trade with most buyers on the sidelines waiting for prices to fall, traders said. Physical prices were likely to stay buoyant due to persistent rains along areas of Thailand's Andaman coast and Malaysia, traders said. Trading was expected to be slow for the next two weeks due to the Eid al-Fitr holiday in Indonesia, Malaysia and some parts of Thailand's Muslim-dominated southern provinces to mark the end of the Muslim fasting month.
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zhuge_liang Supreme	10-Oct-2007 00:24        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM closed higher by and large on renewed buying after a weak start Tue. The benchmark, most distant Mar '08 contract settled at 265.8 yen per kg, up 1 yen from Fri.
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zhuge_liang Supreme	05-Oct-2007 23:24        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose slightly on Fri as players liquidated contracts ahead of a long weekend, but concern over falling supply and rising oil prices still provided support. The benchmark rubber contract on TOCOM for Mar delivery rose 0.1 yen to end at 264.8 yen per kg. Earlier, it had hit a session high of 266.9 yen, the highest since Jul 31, due to speculative buying. Players bought TOCOM rubber after falls in Japanese warehouse inventories, although the market does not appear to be facing any supply tightness as tyre makers in Japan are believed to be holding plenty of their own stockpiles. Rubber Trade Association of Japan data on Thu showed that Japanese crude rubber stocks held at domestic warehouses sank to 8,404 tonnes by Sep 20, the lowest since Dec '05. That was down 5.5% from 8,896 tonnes on Sep 10 and down 18% yoy. Follow-through buying emerged after TOCOM prices broke a 200-day MA of 265.9 yen, but small investors then took profits. "Players sold contracts as they wanted to cash in profits and avoid risks ahead of the long weekend," one dealer said. TOCOM will be closed on Monday for a public holiday and trading will resume on Tue. In the physical market, rubber slipped, reflecting thin demand and falls in TOCOM. Most buyers remained on the sidelines due to high prices, while sellers said they could not go lower as raw material prices were expensive.   Rain in Thailand's upper south stopped, but supply remained thin as farmers needed up to one week to parch and transform field latex into unsmoked sheet (USS3), a raw material for export grade rubber sheet, traders said.
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Nostradamus Supreme	04-Oct-2007 21:28        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose on Thu as a weaker yen encouraged speculative fund buying after the market broke through a psychological level of 260 yen. The benchmark rubber contract on TOCOM for Mar delivery rose 2.6 yen to end at 264.7 yen per kg. The contract rose as far as 265.7 yen, the highest since Aug 1 as technical trends brightened after it broke through the key 260 yen barrier. Dealers are watching whether the key TOCOM contract could break through the 200-day MA of 265.7 yen and stay above that level until the close. "It should rise further to break 265 yen if the yen stays around this level," one trader said.
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Nostradamus Supreme	03-Oct-2007 19:19        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures closed slightly higher on Wed, a weaker yen and firm energy prices lent support. The benchmark rubber contract on TOCOM for Mar delivery rose 0.9 yen to end at 262.1 yen per kg. On charts, TOCOM rubber appeared to be weighed down after edging below the 100-day MA of 260.1 yen. Its topside was also blocked at the 200-day MA of 265.4 yen, having failed to breach this marker since early Aug. TOCOM futures will get support from solid physical rubber prices due to concerns over tight supplies as monsoon rains were expected to hit the southern part of Thailand. Physical rubber prices were quoted mostly unchanged despite the TOCOM fall, with raw material prices high as persistent rains in Thailand and Malaysia disrupted tapping, while Indonesia is in the dry wintering season.
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Nostradamus Supreme	03-Oct-2007 00:17        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rebounded on Tue, rising on short-covering aided by limited supply and an easing yen. The benchmark rubber contract on TOCOM for Mar delivery rose 3.2 yen, to end at 261.2 yen per kg. International portfolio managers could be reallocating some funds back into riskier assets, including commodities, after equities markets rose. Rounds of active short-covering emerged after rubber futures fell 1.3% on Mon, but the market would need fresh factors to push the key TOCOM rubber contract above major technical levels. Futures prices were supported by growing concerns about supply tightness as monsoon rains were expected to hit Thailand's south and affect tapping. Physical prices were likely to stay buoyant this week due to high raw material costs as persistent rains disrupted tapping, they said.
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Nostradamus Supreme	02-Oct-2007 02:03        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures retreated on Mon, falling more than 1% due to losses in energy prices and a firmer Japanese yen. The benchmark rubber contract on TOCOM for Mar delivery fell 3.3 yen to end at 258 yen per kg. The yen edged up against the dollar and euro after the headline reading in BOJ's Sep tankan survey came in slightly above market forecasts, keeping alive expectations for a BOJ rate rise in coming months. While the headline diffusion index (DI) for big manufacturers' sentiment was unchanged from the previous survey at plus 23, it was above the market's median forecast of plus 22. TOCOM rubber were expected to remain supported by limited supply in Asia's main producing countries. But rises in physical prices were likely to be capped by thin trading as China, the world's biggest rubber consumer took a week-long holiday to celebrate National Day, traders said. Physical prices were likely to remain firm, tracking raw material prices as monsoon rains hit Thailand's south, which produces around 90% of Thailand's annual production of 3 million tonnes, traders said. "The Meteorological Department said there would be more rain for the next few days, so raw material prices should stay high," a Thai trader in the rubber centre of Hat Yai said.
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Nostradamus Supreme	29-Sep-2007 22:22        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose to an 8-week high on Fri as bullish energy prices encouraged buying and limited supply provided support. The benchmark rubber contract on TOCOM for Mar delivery rose 1.3 yen to end at 261.3 yen per kg. It rose as high as 262.4 yen. Physical supply tightness in Asia's main producing countries is also expected to support rubber prices. The dry wintering season persisted in the southern part of Sumatra, while rain in parts of Thailand and Malaysia has affected tapping. On the physical front, trading was expected to remain thin next week as buyers in China take a week-long National Day holiday, traders said.
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