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Rubber prices
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Nostradamus
Supreme |
27-Sep-2007 22:07
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Tokyo rubber futures fell Thursday as profit-taking set in after the lead contract rose to a near 8-week high, but firm oil prices and falling supply were still supportive. The benchmark rubber contract on TOCOM for Mar delivery fell 1.4 yen to end at 260 yen after rising to 261.8 yen, its highest since Aug 3. Tight supplies of rubber due to persistent rains in the major producing countries of Thailand and Malaysia were expected to boost physical prices and help support TOCOM rubber. Japanese crude rubber inventories held at domestic warehouses dropped 9.4% to 8,896 tonnes by Sept 10 from 9,819 tonnes on Aug 31, the Rubber Trade Association of Japan said on Wed. On the physical front, rubber were mixed, but remained firm due to limited supply as more rain was expected to hit major producing countries. Rubber prices were likely to stay buoyant over the next few week as the Thai Meteorological Department forecast low-pressure areas in the Andaman Sea and the Gulf of Thailand. "These may cause heavy rains and floods in south Thailand and also some parts of Malaysia," it said in a statement. |
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Nostradamus
Supreme |
27-Sep-2007 03:01
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Rubber futures on TOCOM gained further ground Wed, gathering steam after a weak start. The most distant Mar '08 contract finished at a session high of 261.4 yen per kg, up 1.9 yen from the previous day. |
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Nostradamus
Supreme |
26-Sep-2007 00:01
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Rubber futures on TOCOM rebounded on Tue. The benchmark Feb '08 contract settled at 257.4 yen per kg, up 3.2 yen from Fri. The new Mar '08 contract ended its first day at 259.5 yen, up from its debut price of 255.5 yen. Trading lacked direction in the absence of strong pegs. But prices moved up later as fund-linked buying grew. |
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Nostradamus
Supreme |
21-Sep-2007 20:12
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Tokyo rubber futures were mostly higher on Fri, with firm energy and commodities prices lending support, but the market lacked momentum after the prompt Sep contract expired. The benchmark rubber contract on TOCOM for Feb delivery rose 1.4 yen, or 0.5%, to end at 254.2 yen per kg. The Sep TOCOM contract, which expired at 247.2 yen, fell 3.2 yen from Thu. Traders were reluctant to take fresh positions after Feb TOCOM rubber was capped by profit taking on Thu as it approached long-term moving averages above 260 yen. Investors were also unenthusiastic about holding on to large positions ahead a public holiday in Japan on Mon. Physical prices were likely to remain firm next week due to falling supply as monsoon rains hit the major producing countries of Thailand and Malaysia, while Indonesia's key rubber producing areas are in the dry season. |
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Nostradamus
Supreme |
20-Sep-2007 21:40
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Tokyo rubber futures slipped on Thu, succumbing to profit taking after a rally over the past week in which the key contract rose to a six-week high. The benchmark rubber contract on TOCOM for February delivery fell 2 yen to end at 255.6 yen per kg. However, TOCOM prices were not expected to fall sharply as soaring oil prices, which hovered around a record high, still provided support, dealers said. On Wed, the Feb contract rose as high as 258.6 yen, the highest of any benchmark since Aug 8. Crude also hit an all-time high of US$82.51 on Wed. Demand remained strong with Chinese and Japanese buyers seeking rubber to replenish falling stocks, but not many deals were done due to high prices and limited supply, traders said. Physical prices were expected to stay buoyant over the next few weeks due to falling supply as monsoon rains hit major producing countries - Thailand and Malaysia - while Indonesia's key rubber producing areas are in the dry season. |
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shplayer
Elite |
19-Sep-2007 23:40
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waterfalls, GMG makes half yearly reports....therefore, they expect 2H 07 to be better than 1H 07.............................. |
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waterfalls
Senior |
19-Sep-2007 22:21
Yells: "Investing is calculated risk, patience n luck" |
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GMG expects 2Q 07 (end Dec 07) results to be better than 1Q 07 if the adverse weather conditions which affected the Cameroon plantation do no persist and additional contributions flow in from newly acquired P T Bumi Jaya which started operations last month (Aug 07). Pray they are rite. |
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zhuge_liang
Supreme |
19-Sep-2007 20:10
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NR futures in Tokyo rose to the highest in 6 weeks after crude oil climbed for a3rd day to a record in New York, bolstering speculation prices of competing synthetic rubber may increase. "Investors bought back rubber futures as crude oil prices keep advancing," Takaki Shigemoto, an analyst at commodity broker Okachi & Co. Ltd. in Tokyo, said. Rubber for Feb delivery on TOCOM rose as much as 2.3% to 258.6 yen per kg, the highest since Aug. 8. The most-active contract was at 257.6 yen at the close. Synthetic rubber is made from naphtha, distilled from crude oil. Rubber futures were also bought as supplies from Thailand, the world's largest exporter of the commodity, slowed after wet weather disrupted plantation work in the country, Shigemoto said. "TOCOM rubber could be traded in the narrow range of 250-260 yen over the next few weeks," one dealer said. Volumes of the raw material traded on 3 major markets in Thailand - Hatyai, Surat Thani and Nikon S Thammarat - totaled 790 tons from Sep 10 to Sept. 14, down 36% from a week earlier, according to the Web site of Southland Rubber Co. Ltd., a Thai rubber shipper. On the physical front, rubber rose again, tracking TOCOM, with Chinese, Japanese and European buyers seeking to replenish falling stocks, traders said. "Most of them wanted prompt shipment, especially Chinese buyers, but we could not supply them as we don't have that much stock," a trader said. Physical prices were likely to remain strong over the next week due to limited supply and strong demand. Monsoon rains hit Thailand's south, causing floods and disrupting tapping in the area. Tapping in Indonesia and Malaysia was quiet due to Ramadan. |
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zhuge_liang
Supreme |
19-Sep-2007 16:47
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Crude oil prices are at record highs of above US$82. But NR prices are nowhere near the 324 yen / kg reached last year. This shows that NR's fundamentals are not that good. |
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Nostradamus
Supreme |
18-Sep-2007 22:53
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Tokyo rubber futures rose by their 10-yen daily limit to a 5-week high on Tue on fund buying as gold and oil prices moved higher, but profit taking limited the gains. The benchmark rubber contract on TOCOM for Feb delivery ended up 7.5 yen at 252.7 yen per kg. Tight supplies from producing countries also helped prices to rise, along with higher gold and crude oil prices, traders said. Cash gold reached a 16-month high on Mon, supported by expectations of a U.S. interest rate cut that could lift gold's appeal. U.S. crude rose above US$81 a barrel on Tue to another record, on worries that global energy supplies could shrink to critical levels this winter due to strong demand growth. TOCOM prices were expected to rise further after prices managed to finish above 250 yen, a psychological level, dealers said. On the physical front, rubber prices rose in line with TOCOM. There were several inquiries from tyremakers and Chinese buyers, but few deals were done. Physical prices are likely to remain strong this week as monsoon rains hit Thailand's south, disrupting tapping in the area which produces around 90% of the country's 3 million tonnes output. |
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TuaPekGong9413
Elite |
17-Sep-2007 14:09
Yells: "deity" |
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worries....if quality drop, more babies will be created,leading a surge in hospital business and its share value... |
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zhuge_liang
Supreme |
17-Sep-2007 13:45
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U.S. crude for Oct fell 51 US cents to US$78.59 a barrel by 0311 GMT, after falling 99 US cents on 14/9, when it hit a fresh record of US$80.36. Rubber prices will track oil prices down. |
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Pension
Elite |
15-Sep-2007 09:07
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no sure condom price will increase, if it maintain then the quality may drop. |
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Nostradamus
Supreme |
15-Sep-2007 00:27
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Rubber futures on TOCOM generally closed higher Fri, after fluctuating in a tight range throughout the day. The benchmark, most distant Feb '08 contract finished at 245.2 yen per kg, up 1.2 yen from the previous day. |
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Nostradamus
Supreme |
13-Sep-2007 23:19
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Rubber futures on TOCOM showed a modest rebound on gains in oil, gold and other major commodity futures Thu. The benchmark, most distant Feb '08 contract settled at 244 yen per kg, up 0.1 yen from the previous day. |
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zhuge_liang
Supreme |
13-Sep-2007 10:08
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More bad news. Euro continues to be strong because of weak US$. The dollar fell to a record low against the euro as investors bet the Federal Reserve will reduce its target interest rate, narrowing the gap between the U.S. and Europe. The currency as investors added to wagers the European Central Bank will raise borrowing costs by year-end. "The Fed will cut later this month and continue to do so this year at the same time as other major central banks will be holding, and eventually raising, rates, and that's weighing on the dollar," said Michael Woolfolk, senior currency strategist at the Bank of New York Mellon in New York. "Interest-rate differentials will continue to conspire against the dollar." The dollar fell to below US$1.39 per euro. Woolfolk forecasts the dollar won't reach US$1.40 per euro until Sep '08. He forecasts a 50-basis-point reduction by the Fed this year. The U.S. "The Fed should cut rates by a half-percentage point as the economy's outlook has worsened," said Masashi Kurabe, currency manager at Bank of Tokyo-Mitsubishi UFJ Ltd. in Tokyo. "European rates may go up as soon as the markets stabilize. A narrowing interest-rate differential is positive for the euro." The dollar has declined 8.6% versus the euro during the past 12 months. |
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zhuge_liang
Supreme |
12-Sep-2007 22:54
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Rubber futures on TOCOM closed lower Wed, slipping back into minus territory toward the close. The benchmark, most distant Feb '08 contract finished at 243.9 yen per kg, down 2.1 yen from Tue. |
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Nostradamus
Supreme |
11-Sep-2007 23:02
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Tokyo rubber futures rebounded due to active short-covering, supported by higher crude oil prices and an easing yen. The benchmark rubber contract on TOCOM for Feb delivery rose 2 yen to end the morning session at 246 yen per kg. Firmness of other yen-denominated commodities futures, such as gold and oil, also encouraged buying, but Japanese rubber futures were still vulnerable to speculative sales after sharp falls on Mon. "The rubber market lacks distinct factors of its own, so traders are watching other prices and the moves of the yen for direction," a Japanese futures brokerage manager said. On Mon, U.S. crude oil futures climbed above US$78 to a near record in late electronic trading on a flurry of short covering ahead of a policy-setting OPEC meeting in Vienna. On the physical front, rubber rose a touch on in line with TOCOM. Trading was busier, with more inquiries from tyre-makers, Singapore dealers and Chinese buyers, traders said. "Chinese and Japanese buyers were seeking rubber to replenish their falling stocks," a Thai trader said. The weather was improving in Thailand and Malaysia, but raw material prices remained high due to strong demand as traders were competing to buy in a bid to deliver orders on time, traders said. Supply in Indonesia and Malaysia was also limited as traders had to build up stocks to prepare for the long Hari Raya festive next month, marking the end of Ramadan, they said. |
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Nostradamus
Supreme |
10-Sep-2007 22:30
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Tokyo rubber futures dropped almost 3% on Mon as the yen's sharp rise against the dollar triggered heavy sales. The benchmark rubber contract on TOCOM for Feb delivery fell 7 yen to end at 244.0 yen per kg. It fell to a session low of 243.3 yen, the lowest since August 29. Investment funds sold heavily as they wanted to lighten positions in commodities to avoid holding risky assets, reflecting a fall in Wall Street and the yen's sharp gain against the dollar. Traders were also keen to take profits on TOCOM rubber futures after they posted strong gains in the last 2 weeks. TOCOM rubber could find some support as demand for physical rubber was expected to remain robust, although rain had stopped in some parts of key producing countries, boosting supply. "Firmness of crude oil prices and strong demand on the physical side should provide some support," a dealer said. The market's reaction to Friday's announcement that Japanese crude rubber stocks fell 5.7% by Aug 31 from Aug 20 was limited. The Rubber Trade Association of Japan said the latest figure was about 3% below 10,136 tonnes a year earlier. Fine weather in Thailand and Malaysia allowed farmers to tap rubber trees as usual, but supply was still limited as traders had to build up stocks to prepare for the long Hari Raya festive season next month, marking the end of Ramadan, they said. |
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Pension
Elite |
10-Sep-2007 01:58
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to solve the rubber and palm problem and save the land space, I think it is worth the while to do research on how plam grow on rubber tree. If you have a ready solution, you are a very rich man. |
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