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Nostradamus Supreme	20-Aug-2007 21:42        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose 1.9% on Monday due to short-covering after prices fell to an eight-month low last week. The benchmark rubber contract on TOCOM for Jan delivery rose 4.5 yen to settle at 238.2 yen per kg. The benchmark jumped as high as 239.9 yen, or 2.6%, in early trade before investors took profit, dealers said. The underlying technical trend for TOCOM rubber is bearish as the key contract is still more than 2 percent below its nearest key MA, the 7-day moving average of 244.0 yen. Physical prices were also higher, tracking the TOCOM rise. Trading was expected to be busier this week, with Chinese buyers in the market since they felt prices had reached bottom, traders said. "Chinese buyers were expected to buy more rubber from Thailand as Indonesia alone cannot serve their demand," a trader in Thailand's Hat Yai rubber hub said. Physical prices were expected to remain firm this week as monsoon rains hit Thailand and Malaysia, while Indonesia is in the dry season, when rubber trees produce less latex, traders said.
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zhuge_liang Supreme	20-Aug-2007 12:21        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	GMG will start to receive contributions from their recently acquired subsidiary in Indonesia, P T Bumi Jaya, which will be commencing operations in Aug '07.
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Nostradamus Supreme	18-Aug-2007 00:56        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures tumbled limit-down to an 8-month low on Friday, battered by waves of selling unleashed by the yen's sharp climb against the dollar. The benchmark rubber contract on TOCOM for Jan delivery fell 9.9 yen to end at 233.7 yen per kg. The yen surged to a 14-month peak against the dollar on Friday, a day after jumping across the board as fears of a worsening global credit squeeze forced a huge reversal of carry trades. Investors were also nervous as the stock market in Tokyo, where retail investors often use as collateral to trade commodities, remained volatile. Physical rubber prices also dropped in line with TOCOM. However, trading was active with Chinese buyers back in the market and buying on dips, traders said.
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Nostradamus Supreme	17-Aug-2007 00:29        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures lost ground for 3 days in a row as the firmer yen still weighed on prices. The benchmark rubber contract on TOCOM for Jan delivery fell 0.8 yen to end at 243.6 yen, after falling to a new low of 241.3 yen. The yen extended recent gains against the dollar and the euro as sharp falls of U.S. stocks and persistent worries about credit sector problems prompted investors to abandon risky positions. However, TOCOM rubber should still be supported by news that Goodyear Tire & Rubber Co, the largest U.S. tyre maker, may build tyre factories in Eastern Europe and Asia in addition to planned investment to expand production at existing plants. Physical rubber prices were mostly unchanged in thin trade as buyers waited for prices to fall, but exporters could not lower them because of high production costs, they said. Rain subsided in Thailand's south, its main rubber growing area, allowing farmers to tap more latex and signalling that physical prices could soften in the next few weeks, traders said. "But there were some rains along the Andaman Coast, so we don't expect prices to fall sharply," a trader in Thailand's southern rubber centre of Hat Yai said.
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Nostradamus Supreme	15-Aug-2007 23:14        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell 2.3% to a 5-week low on Wednesday due to a firmer Japanese yen and declines of other commodities. The benchmark rubber contract on TOCOM for Jan delivery ended down 4.0 yen at 244.4 yen a kg. The benchmark fell as low as 243.4 yen, the lowest since Jul 9. "Day-traders sold heavily after the yen surged to a 4.5 month high," a Japanese dealer said. The yen hit that high against the dollar on Wednesday as falling Asian stocks heightened fears about global credit market woes and prompted investors to chop more risky positions in carry trades. A strong Japanese yen makes dollar-based rubber cheaper and usually encourages players to liquidate yen-based rubber futures. But overall volume was thin with many Japanese investors away for this week's summer "Obon" holiday, dealers said. TOCOM sentiment was worsened by falls in other commodities, which were also dragged down by U.S. credit woes, dealers said. However, TOCOM rubber was still supported by high oil prices. On the physical front, rubber prices were unchanged in thin trade, with buyers waiting for them to fall, traders said. "European buyers and Japanese are still in a holiday mood while China didn't buy any big lot," a Thai trader said. However, physical prices were likely to remain firm due to falling supply as more rain was expected to hit Thailand and Malaysia.
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Nostradamus Supreme	14-Aug-2007 23:26        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures ended l0.6% ower on Tuesday on technical sales fuelled by a firmer yen, with investors fearing further repercussions from the credit worries that have spilled over into equity and commodity markets. The benchmark rubber contract on TOCOM for Jan delivery fell 1.5 yen to settle at 248.4 yen per kg. The benchmark fell to an intraday low of 247.5 yen earlier. Trading was thin with many Japanese traders away for this week's summer "obon" vacation, dealers said. TOCOM rubber was unlikely to fall sharply over the next few days supported by supply concerns, dealers said. Rubber prices were supported by an Indian Rubber Board forecast of a fall of rubber output in India to 803,000 tonnes in the year to Mar '08, down more than 8% from an earlier estimate due to a viral disease striking workers. Rubber Board chairman Sajan Peter said, however, that prices were unlikely to rise because of a supply of reserve stocks.
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Nostradamus Supreme	13-Aug-2007 23:25        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM regained strength on late buying Monday, wiping out part or all of the losses in the morning. The benchmark, most distant Jan '08 contract finished at a session high of 249.9 yen per kg, rising 1.8 yen from Friday.
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Nostradamus Supreme	10-Aug-2007 21:52        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell about 3%, hit by a higher yen and after credit market turmoil hit equity and commodity markets. In the physical sector, many buyers preferred to stay on the sidelines, waiting for more declines in physical prices. The most-active rubber contract on TOCOM for Jan '08 delivery fell as low as 246.5 yen per kg soon after the open, down 8 yen and the lowest for any benchmark since Jul 18. The contract ended down 6.4 yen per kg at 248.1 yen, well below a five-week high of 267.5 yen hit last week, when a weaker yen sparked buying. "The market doesn't look good. It has broken 250 yen support, so I think it may have to test July's lows of 242 and 243 yen before rebounding," said a dealer in Thailand's southern city of Hat Yai. "But we are hoping that China will come back to the market soon," he said. "People are nervous and the market is so depressed that buyers are reluctant to step in. I think they will wait for more declines," said a dealer in Pekanbaru, the provincial capital of Riau in Sumatra.
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Nostradamus Supreme	09-Aug-2007 19:43        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures were mostly steady on Thursday on firmer oil, but the most active contract was within sight of a two-week low hit the previous day as worries about rising supplies in producing countries lingered. In the physical sector, consumers took advantage of a price drop to stock up, dealers said. The benchmark Jan '08 contract on TOCOM hit an intraday high of 256.5 yen before ending 0.3 yen a kg lower at 254.5 yen.   "I think 250 to 260 yen will be the trading range for this week," said a dealer in Tokyo. Markets in Singapore, a key commodities trading city, were closed on Thursday for the National Day holiday. In the physical sector, Goodyear and Michelin were in the market to buy Oct and Nov rubber, Thai dealers said.
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Nostradamus Supreme	08-Aug-2007 22:23        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures in Tokyo fell 1.1% to the lowest in 2 weeks amid speculation that shipments from Thailand will increase as output rises. Production is increasing after rains disrupted plantation work in the Southeast Asian country last month, some analysts said. Rubber supply rises after the end of Thailand's wintering, or the low production season, typically causing TOCOM prices to decline between Jul and Nov. "TOCOM futures are likely to repeat the same pattern as last year,'' said Shuji Sugata, manager at the research team of Mitsubishi Corporation Futures & Securities Ltd., by phone today. Rubber for January delivery on TOCOM fell 2.9 yen to 254.8 yen a kg , the lowest close since Jul 25. During Thailand's high production season last year, the most-active rubber futures on TOCOM fell 43% from a Jun 13 peak of 324.5 yen to a Nov. 27 low of 184.9 yen. "Ample rains are good for rubber output in the long run as they improve soil moisture for rubber trees," Sugata said. Supplies of raw material have picked up in Thailand and Malaysia after rains in the region subsided. The dry wintering season was under way in the southern part of Indonesia's main growing island of Sumatra but there were no disruptions in supply yet. Charts looked weak, with the benchmark contract hovering below the 100-day MA of 273 yen. Jan has dropped as much as 5.2% since rallying to a 5-week high of 267.5 yen last week, when a weaker yen spurred buying. "It's time to lock in profits for funds which have bought in the past month," said Hiroyuki Kikukawa, associate director at Nihon Unicom Inc. "A summer holiday season is in, so buying from tyre makers is suspended for a while. In the producing countries, supply is increasing," he said. A volatile Tokyo market scared off consumers in the physical sector, where prices of tyre grade also fell. "This is the problem. There's not much interest although I think China should be in the market for Sep," said the Hat Yai dealer.
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zhuge_liang Supreme	08-Aug-2007 20:52        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bad results. 1H07 net profit fell by 53.3% yoy. Average selling price was $2,984 per ton, a decrease of $15 per ton or 0.5%. Total tonnage sold for the period was 22,103 tons, a decrease of 16%. Extreme weather conditions had adversely affected the yield from their Cameroon plantation this year. The strengthening of the Euro exchange rate accounted for approximately 3% increase in translation to S$, the Group's reporting currency.
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Nostradamus Supreme	07-Aug-2007 23:21        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	TOCOM rubber futures fell 0.8% as a drop in crude oil prices to a one-month low made SR more competitive for tyre makers and other users. Crude oil fell the most in 7 months yesterday as investors cut holdings on speculation U.S. summer fuel demand has peaked. "Rubber market fundamentals are positive for futures prices, but investors are paying more attention to the slump in oil prices," Takaki Shigemoto, an analyst at commodity broker Okachi & Co. Ltd. in Tokyo, said by telephone today. Rubber for Jan delivery on TOCOM fell 2.0 yen to close at 257.7 yen a kg. In the cash market, Thai exporters are raising rubber prices because their rivals in Indonesia have little to offer amid the low production season, Shigemoto said.  NR output in Indonesia is decreasing this month amid wintering, or the low production season.
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Nostradamus Supreme	06-Aug-2007 23:03        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell 2% after a decline in crude oil prices and a firm yen sparked selling from investors. The most-active rubber contract on TOCOM for Jan '08 delivery ended 3.3 yen per kg lower at 259.7 yen after earlier falling to an intraday low of 257.5 yen.The contract has dropped almost 4% from the 5-week high of 267.5 yen hit last week. "It looks the market is struggling. Selling pressure is very strong and the weather has improved after days of heavy rains. We'll see more supply in Thailand and Malaysia this week or next week," said a dealer in the southern city of Hat Yai. "The physical front is a bit slow. China was in the market 2 weeks ago but they refused to chase the market last week because the price went up," said the dealer. "Goodyear is still keen to buy while China comes and goes," said a dealer in Pekanbaru, the provincial capital of Riau in Sumatra. "Wintering has started in Palembang area but supply is okay. I heard some shipments have been delayed in Medan because of erratic weather," he said. Some dealers said supply was tight in Medan, the provincial capital of North Sumatra, where a combination of dry and wet weather has extended the dry wintering season when trees shed their leaves and latex output slows. Wintering normally starts in March and ends in May, but this year it will last until September. In industry news, crude rubber stocks held at Japanese warehouses fell to 12,108 tonnes by Jul 20, down 11% from 13,650 tonnes in Jul 10, the Rubber Trade Association of Japan said on 3/8. It was the lowest level since Dec 20.
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zhuge_liang Supreme	03-Aug-2007 20:04        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose 0.8 yen on Friday, extending gains on higher gold prices and the weaker yen, but trimming the early gains on renewed selling. The benchmark rubber contract on TOCOM for Jan delivery ended at 263 yen per kg. On the physical front, rubber prices were mixed despite gains on TOCOM. Trading was thin, with most buyers sidelined and waiting for weaker price, putting pressure on producers to lower their offers, traders said. "Some exporters have to sell at a discount as they don't want more losses from keeping rubber in their stock," one trader said. In Thailand, rains had subsided in the Thai Gulf, allowing farmers to resume rubber tapping. "But we can't say that supply is okay as there are still rains in the Andaman coastal areas," said a trader in Thailand's southern rubber hub. For Indonesia, supply was limited as rains continued in the northern city of Medan, resulting in a delay in shipments, an Indonesian trader said. "Some exporters had to delay their July and August shipments into September as they don't have enough rubber," an Indonesian trader said.
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Nostradamus Supreme	02-Aug-2007 21:28        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM turned higher Thursday, absorbing buyers' liquidation. The benchmark, most distant Jan '08 contract settled at 262.2 yen per kg, up 5.2 yen from the previous day.
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Nostradamus Supreme	01-Aug-2007 20:51        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell 2.7% on Wednesday, reversing early gains to hit a one-week low on a surging Japanese yen. The benchmark rubber contract on TOCOM for Jan delivery ended down 6.9 yen at 257.0 yen per kg. Physical rubber prices remained strong, supported by limited supply as rains hit producing countries. Trade was brisk, with several enquiries from Chinese buyers seeking rubber grades directly from Thai producers for Aug shipment, traders said. "But we are hardly able to meet prompt shipments as supply is limited because of the rains," a Thai trader said. Physical prices were expected to rise further this week with scattered rains in Indonesia and Malaysia affecting supply.
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zhuge_liang Supreme	01-Aug-2007 11:26        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Rubber exports from Indonesia's main growing area are expected to be unchanged in '07 despite erratic weather which has battered plantations, a senior industry official told Reuters. A chronic power shortage has also disrupted the processing of raw rubber in North Sumatra but there have been no reports of delays in shipments so far, said Edy Irwansyah, secretary of the Indonesia Rubber Producers Association's North Sumatra branch. "I am not optimistic about exports. But they will be at least similar to last year because of weather factors. This year, the climate is very uncertain," he said. North Sumatra, which accounts for around 30% of Indonesia's rubber exports, exported 696,561 tonnes of rubber in '06, up from 665,354 tonnes in '05. Indonesia is the world's 2nd-largest rubber producer after Thailand. In North Sumatra, a combination of dry and wet weather has extended the dry wintering season when trees shed their leaves and latex output slows. Dry wintering normally starts in Mar and ends in May, but this year it will last until Sep. Erratic weather has partly prevented rubber trees from recovering latex output, shrinking supplies from the province. "The power outage has also contributed to the problem. But we haven't received reports about delays in shipments. It looks like producers can handle the situation," he said, without elaborating. Many parts of the province have been hit by regular blackouts in the past few weeks after the breakdown of a major power plant, which supplies electricity to Medan and surrounding areas. Dealers said many producers had trouble producing export-quality rubber because power failure disrupted processing. "In one day, we can have 2 blackouts. Each can last for 4 hours. It's difficult to process the raw material," said Irwansyah. Last week, the Indonesian Rubber Producers Association, revised down the country's output growth to less than 5% in '07 after bad weather hit tapping. The group had expected production to reach 2.8 million tonnes in '07, up from 2.67 million tonnes in '06. Looking ahead, Irwansyah said the group aimed to boost productivity to ensure a steady supply. "We don't need to further increase planting areas but we will boost productivity," said Irwansyah, referring to rubber plantations owned by small holders which account for 85% of Indonesia's planted areas of more than 3 million ha. One ha of plantation owned by small holders produces 300 to 400 kg of dry latex annually. "We are providing high-yield rubber clone to farmers," he said. Indonesia exports rubber mainly to the United States, Japan and China. The country exported 2.285 million tonnes of rubber in '06, higher than 2.024 million tonnes in '05.
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Nostradamus Supreme	31-Jul-2007 23:50        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM came under renewed selling in late trading Tuesday, losing part or all of the earlier gains. Selling became dominant toward the close. The benchmark, most distant Jan '08 contract finished at 263.9 yen per kg, trimming its gain from Monday to 1.1 yen.
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Nostradamus Supreme	30-Jul-2007 23:32        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber rose nearly 2% on Monday on technical buying as funds rolled positions forward. The benchmark rubber contract on TOCOM for Jan delivery rose 4.8 yen to settle at 262.8 yen  per kg. It rose to an intraday high of 263.2 yen before day traders cashed in profits. "Funds rolled over their contracts by selling Dec contracts and buying Jan contracts which pushed prices up surprisingly," one dealer said. Supply concerns provided support after the chairman of the Rubber Association of Indonesia said last week that output in Indonesia, the world's 2nd-largest producer, is expected to grow less than 5% this year due to erratic weather. Physical prices were expected to remain firm this week due to strong demand, especially with Chinese buyers seeking supplies directly from producers in order to save on dealers' margins, traders said. "Some dealers had to cancel the deals with Chinese buyers as the raw material cost was higher than what they had committed, so buyers had to shift to producers," one trader said.
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Nostradamus Supreme	27-Jul-2007 23:02        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Rubber futures on TOCOM closed lower Friday, failing to recoup the heavy losses in early trading. The most distant Jan '08 contract finished at 258 yen per kg, down 3.6 yen from the previous day. The Jan contract hit a new listing-to-date low of 255 yen.
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