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Nostradamus Supreme	22-Jun-2007 23:34        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures slid on Friday, tracking falls of other commodities, but prices were still supported and closed above the key suport at 260 yen. The benchmark rubber contract on TOCOM for Nov delivery fell 1.3 yen to settle at 264.5 yen per kg. It fell to an intraday low of 261.6 yen, or 1.6% lower than the previous day, before speculative buying set in. "It's a good sign that prices could stay above 260 yen and I expect a brief rebound," a dealer said. Supply was expected to improve gradually and ease prices down over the next few weeks as rain subsides in producing countries. "In Malaysia, the weather is fine and I think it should be 100% OK by July," a Malaysian trader said. The price of Thai USS3, the raw material of export-grade rubber sheet (RSS3), dropped below 70 baht per kg for the first time in a couple of months, reflecting improving supply.
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sticw060629 Member	22-Jun-2007 12:44        sticw060629 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huat Ah!!!
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Nostradamus Supreme	21-Jun-2007 23:30        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures edged higher on short-covering on Thursday, but gains were limited by profit taking. The benchmark rubber contract on TOCOM for Nov delivery rose 0.8 yen to settle at 265.8 yen per kg. The benchmark recovered from the session low of 261.4 yen, the lowest since mid-Mar. On the physical front, rubber prices fell despite the small rise on TOCOM. Trading was more active, with several tyre-makers in the market and producers liquidating stocks, traders said. Physical prices were likely to slide next week as supply was expected to pick up with rain subsiding in some provinces along Gulf of Thailand, such as Surat Thani and Nakhon Si Thammarat, both major producing areas, they said. "But prices shouldn't fall sharply as there is still rain in the far south and demand remains strong," a trader said.
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Nostradamus Supreme	20-Jun-2007 23:47        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	$0.20 may be possible. But take profit around that price as you may never know. The last time it surged and ended only $0.005 up and fell from there.
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sticw060629 Member	20-Jun-2007 23:36        sticw060629 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strong showing today. Congras and Cheers to all vested.
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Nostradamus Supreme	20-Jun-2007 23:21        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell by their daily 10-yen limit on Wednesday, reversing the previous day's gains as profit taking set in. The benchmark rubber contract on TOCOM for Nov delivery fell 3.6% to 265.0 yen per kg. "Prices fell due to huge profit taking and also stop-loss selling by investment funds," a dealer said. TOCOM rubber was also under pressure from oil prices. However, TOCOM prices were not expected to fall sharply again on Thursday as fears of falling supply should provide some support, dealers said. In the physical rubber market, rain pushed up prices and trading was active as buyers feared prices would go higher, traders said. Physical rubber prices were expected to remain firm over the next week as rains hit Thailand and Malaysia, disrupted tapping. The Thai Meteorological Department said more heavy rain was expected next week, including the south, the country's main rubber growing area.
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Nostradamus Supreme	19-Jun-2007 21:37        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Late buying lifted rubber futures on TOCOM, shrugging off weakness in the morning. The benchmark, most distant Nov '07 contract closed at of 275 yen per kg, up 6.3 yen from the previous day.
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zhuge_liang Supreme	19-Jun-2007 12:14        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Market players forecasts of where the lead TOCOM contract would be trading at the end of Jun ranged from 250 yen and 310 yen, a Reuters poll of analysts and dealers showed. This compared with 280.8 yen at the end of May. But steady demand for cash rubber as well as falling stocks in China and Japan were expected to provide support at 260-265 yen. Tokyo rubber futures are likely to fall 2% by end of this month on rising supplies, but the market is likely to rebound in July on buoyant demand from China and Japan, the Reuters poll showed. The benchmark rubber contract on TOCOM, currently Nov '07, could fall to 275 yen a kg by end-Jun, from 280.8 yen at the end of May, according to the median forecast of 10 analysts and dealers polled by Reuters. The forecasts ranged from 250 yen to 310 yen. Tokyo rubber prices have gained as much as 22% so far this year. Several failed attempts to breach 300 yen, a level last seen in Jul '06, also added to the bearish sentiment in Jun, but dealers and analysts said Tokyo's most active contract could bounce to 280 yen by the end of Jul. "It is hard to anticipate a very sharp decline in TOCOM prices because physical demand is there," said an analyst at a Japanese commodity brokerage in Tokyo. Main consumer China is expected to boost purchases, after high prices earlier this year curbed demand. China's imports of NR in the first quarter of '07 fell 1% to 497,370 tonnes from the same period a year earlier, customs data showed. In neighbouring Japan, crude rubber stocks in warehouses fell 2.7% to a 4-month low of 17,458 tonnes by the end of May, from 17,941 tonnes on May 20. "The outlook will depend on domestic inventories," Hisaaki Tasaka at Ace Koeki Co. Ltd. said. "For example, if they drop below 10,000 tonnes, then we may see prices rise towards 300 yen again," he said, referring to rubber stocks. Although improving supplies would put pressure on cash prices, demand from China and Japan would offer support, dealers and analysts said. Fan Rende, vice chairman and secretary general of the China Rubber Industry Association, told Reuters the country would step up natural rubber imports to feed its growing rubber industry, particularly tyre production. China expects to import 1.75 million tonnes of NR in '07, up from 1.61 million tonnes in '06, said Fan. This year, China is expected to consume 5.05 million tonnes of rubber, including 2.35 million tones of NR and 2.7 million tones of SR. In 2006, China consumed 4.5 million tonnes of rubber.
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Nostradamus Supreme	18-Jun-2007 20:40        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rose more than 1% after volatile trade on Monday, with the benchmark contract rebounding from a 3-month low on bargain hunting and firm oil prices. The key TOCOM rubber contract for Nov '07 delivery ended 3.2 yen per kg higher at 268.7 yen. The contract tumbled to its lowest since Mar 19 at 263.4 yen earlier in the day before rebounding. Despite the rebound, many dealers remained cautious especially after a break above a key resistance of 270 yen on Friday was met by heavy profit taking. "If this kind of selling pressure continues, there's a high chance we are going to test the support level of 260 yen," said a dealer in Thailand's southern city of Hat Yai. Sentiment for TOCOM rubber has weakened after the benchmark contract failed to break above the key resistance of 300 yen 3 times this year. "Traders are trying to take profit at slight rises," a Tokyo broker said. There were signs last week of a slight tightening in rubber supplies, although it was not clear if this was due to weather conditions or a move among producers to wait until prices improved, he said. "I think we will have a better understanding of the situation this week," he said. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 4% in the week ended Jun 14 to 90,405 tonnes, the exchange said on Friday. China is the world's main rubber consumer. "Supply has gradually improved in north Sumatra, but I think raw material will subside in the southern part in July because of wintering," said a dealer in Pekanbaru, the provincial capital of Riau on Sumatra. During the wintering dry season, rubber trees shed leaves and latex output falls.
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zhuge_liang Supreme	18-Jun-2007 15:57        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	NR producing countries should work together to ensure expansion of rubber plantations does not lead to a glut, officials said. Although the market is currently tight, the situation may change in coming years as production from replanting and new plantations enters the market, said Hidde Smit, director general of the International Rubber Study Group. "Producers should be alert as to how much to plant and consider the long-term consequences on prices," Smit said. "Producers should cooperate with international organisations to come up with proper forecasts to make sure we don't have a glut and also to make sure we don't have a shortage." The price of tyre-grade rubber has risen to more than US$2 a kg from a 30-year low of below 50 U.S. cents in '01 after Thailand, Indonesia and Malaysia decided to cut output to ease an oversupply, just as demand began to rise from China, the world's largest buyer. Tokyo rubber futures have gained about 8% this year to around 265.5 yen a kg, driven by strong energy prices and tight supplies. The most active contract on TOCOM spiked to a 26-year high of 324.5 yen a kg in Jun '06. Spurred by improving prices, natural rubber producers are expanding plantations and launching replanting programmes. Indonesia plans to replant 250,000 ha of smallholder plantations and add 50,000 ha of new smallholders plantations until '10. The country is expected take over Thailand as the world's top natural rubber producer by nearly doubling its NR output to 4.12 million tonnes in '20, from an expected 2.77 million tonnes in '06. Thailand's output will reach 3.68 million tonnes in '20, from 2.94 million tonnes in '05, said the group. Thailand has planned to expand its rubber plantation areas by 160,000 hectares, starting from '04. Additional supplies will also come from new rubber-producing countries such as Vietnam, which is also boosting production. "We want to see fair prices for producers," said Yium Tavarolit, a Thai rubber industry official. Stable prices are important for smallholder rubber growers who make up the majority of rubber growers in Thailand, Indonesia and Malaysia. To keep a balance between supply and demand in the market, international organisations such as the International Rubber Consortium -- which represents the world's 3 top rubber producers -- will still be relevant in the future to manage rubber supplies, said Tavarolit. "We don't want to monopolise supply of NR but we have to manage it because most smallholders are producers," he said. To monitor supplies from each member country, the consortium works with the International Tripartite Rubber Corporation, a joint venture rubber body set up by key producers Thailand, Indonesia and Malaysia to support rubber prices.
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Nostradamus Supreme	15-Jun-2007 22:51        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell 1.7% on Friday, reversing early gains and ending a 3-day rising run with poor technical sentiment and increasing physical supply outweighing support from high oil prices. The benchmark rubber contract on TOCOM for Nov delivery fell 4.5 yen to settle at 265.5 yen. Surging oil prices usually provide support for rubber futures as expensive oil encourages the use of natural instead of SR, a petrochemical product. Dealers said they expected TOCOM prices to fall a little further next week as technical sentiment remained bearish after prices failed several times to break above the key resistance of 300 yen. But TOCOM prices were not expected to fall sharply as demand for rubber remained strong, they said. "Prices may fall and find support at 265 yen and 260 yen," one dealer said. In the physical market, rubber prices fell on expectations of increased supply from Thailand and Malaysia. "Prices will probably drop further because more supply will come onto the market over the next few weeks, but I don't expect a sharp fall as demand is still there," said a trader in Hat Yai, Thailand's rubber trading hub. The weather has improved in Thailand and Malaysia, allowing farmers to tap more latex. In Indonesia, supply was still limited as a prolonged dry spell in the Medan region of northern Sumatra cut latex output, traders said. "It's getting better but not 100%," an Indonesian trader said. "Supply should get back to normal by early Jul."
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zhuge_liang Supreme	15-Jun-2007 16:22        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vietnam expects its rubber imports from neighbouring Southeast Asian countries to stay at current levels as it plans to boost its NR output in coming years, a senior industry official said on Friday. Vietnam is expected to import 250,000 tonnes of rubber this year, up from 230,000 tonnes in '06, Tran Thi Thuy Hoa, secretary general of the Vietnam Rubber Association, told Reuters on a sidelines of a rubber conference. "We hope to maintain rubber imports at the current level. The tyre market is big, that's why when we develope more smallholder rubber plantations, we can produce more tyre-grade," Hoa said. Vietnam's NR imports between Jan and Apr eased 3.5% yoy to nearly 59,600 tonnes, customs data showed. The country imports tyre-grade rubber, such as RSS3 and TSR 20, from Thailand, Cambodia, Indonesia and Malaysia as Vietnam does not produce tyre-grade rubber. The rubber is then re-exported to China because traders prefer to buy from Vietnam instead of purchasing directly from Thailand or Indonesia because of the distance. China accounts more than 60% of Vietnam's rubber export. Vietnam, the world's 4th-largest exporter only produces high-quality SVR 3L and natural latex, which are used for manufacturing non-tyre products such as footwear, condoms and gloves. With additional imports from other rubber producers, Vietnam expects to export 800,000 tonnes this year, up from 707,900 tonnes in '06, said Hoa. "We have to import from others so that buyers have any kind of rubber they need," she said. China bought 112,362 tonnes of rubber from Vietnam during the 1st 4 months of '07, or 62% of total sales, followed by South Korea, Germany, Taiwan and Russia. Vietnam plans to produce 600,000 tonnes of rubber this year, up from 553,500 tonnes in '06. The country plans to increase rubber output to nearly 1 million tonnes by 2015 by expanding rubber areas to 1.5 million hectares from 516,100 hectares in '06. For 2008, Vietnam is looking at additional production of 30,000-40,000 tonnes as more rubber trees mature and because of higher productivity with the use of high-yield rubber clones, Hoa said. Hoa said that although Vietnam was looking to increase tyre-grade output, the country would focus on production of high quality latex to tap the growing gloves industry as few rubber-producing countries produce latex.
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Nostradamus Supreme	14-Jun-2007 23:18        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures edged higher on Thursday, extending gains for a 2nd day on rising physical demand, but technical sentiment remained poor. The benchmark rubber contract on TOCOM for Nov delivery rose 2.0 yen to 270.0 yen per kg. Traders attributed falling Tokyo futures prices since late last week to technical sales by investment funds which wanted to park their money in other lucrative investments such as U.S. Treasury. The outstanding value of Japanese commodities funds in May fell about 3% from a month earlier to a new record low of 33 billion yen (US$269.2 million), according to the Japan Commodities Funds Association. However, TOCOM rubber was still supported by rising demand as investors bought on price dips, traders said. China will likely import 8.7% more NR this year from a year earlier to feed its growing rubber industry, Fan Rende, vice chairman and secretary general of China Rubber Industry Association, said on Wednesday. Fan told Reuters on the sidelines of a rubber conference that China is likely to buy more NR from Thailand due to higher output and the better quality of its rubber products. Cash rubber prices were expected to slip over the next few weeks due to improving supply in Thailand, traders said. But prices would not fall significantly as rising demand would still provide support, they said.
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zhuge_liang Supreme	13-Jun-2007 21:43        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures turned higher after 5 days of decline Wednesday, pushing up on renewed buying toward the end of the session. But falls in oil prices and other commodities limited gains. Rubber futures pushed into plus territory in the afternoon as buying grew on the yen's retreat against the dollar. The benchmark rubber contract on TOCOM for Nov delivery climbed 2 yen from Tuesday to 268 yen per kg. "Technical buying was triggered as players expected prices to rebound after they did not break below the key support of 265 yen," one dealers said. "But the buying force was not strong given negative factors such as falling oil prices," another dealer said. TOCOM gains were also limited by a slide in other commodities, such as gold, and softness in physical rubber prices, dealers said. Physical trade was active with Chinese and Japanese buyers seeking Thai RSS3 and STR20 as prices had falled for a couple of days, traders said. "Buyers from the United States and Europe were also interested as prices were attractive," one trader said. Traders expected physical rubber prices to remain firm after slipping over the past few days due to improving supply.
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zhuge_liang Supreme	12-Jun-2007 20:05        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on TOCOM extended losses to a 5th day Tuesday, shedding the early gains on renewed selling. The benchmark, most distant Nov '07 contract settled at 266 yen per kg, down 3.6 yen from the previous day, after hitting a new lifetime low of 264.7 yen.
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Nostradamus Supreme	11-Jun-2007 21:45        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think GMG may reach $0.18, but then fall from there. Tokyo rubber futures fell nearly 1% on Monday due to funds selling amid poor technical sentiment. Rubber futures lost ground for 4 days in a row, pressured by bears' selling on declines in gold and oil futures. The benchmark rubber contract on TOCOM for Nov delivery settled at 269.6 yen per kg, down 2.3 yen, or 0.8% from Friday's close. It fell as low as 267 yen, the lowest since Mar 19, before rebounding in late hours of trading as oil prices inched up and provided some technical support, dealers said. Oil prices edged higher on Monday as players bought back contracts after a sharp slide, with OPEC producers maintaining supply curbs and worries remaining over U.S. summer gasoline supplies. "Funds sold heavily as it seemed like they wanted to shift away from rubber futures and park their money on other lucrative investments," one dealer said. "But some day-traders bought back contracts." Technical sentiment for TOCOM rubber remained fragile, pressured by falls in other commodities, which pushed prices below the key support of 270 yen. Dealers said TOCOM prices were probably in a downward trend and could slide further to the next support levels of 265 yen and 260 yen respectively. Rubber inventories at the Shanghai Futures Exchange fell 3% in the week ended Jun 7, maintaining a downtrend in stocks under way since Apr, according to data released on Friday. A steady decline in inventories suggests that Chinese users are using up their stocks instead of maintaining their aggressive buying habits. Prices were expected to remain soft until the end of Jun, as the supply outlook has improved in leading producers Thailand, Indonesia and Malaysia. "If there is no erratic weather, supply should get back to normal by the end of Jun," a trader in Thailand's Hat Yai rubber centre said.
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zhuge_liang Supreme	11-Jun-2007 16:55        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bridgestone has purchased Indonesian rubber for Aug delivery, and other sellers in Southeast Asia also hope to secure deals as inventories drop in China and Japan, dealers said on Monday. "We may see China coming back to the market this week. We know they need to buy. I think the price has come down to a level they should be able to bid," said a dealer in Thailand's southern city of Hat Yai. China is expected to step up purchases after imports of natural rubber fell 1% to 497,370 tonnes in the Q107 from the same period a year earlier, mainly due to high prices earlier this year. Although a drop in stocks in Shanghai warehouses suggested some buyers were getting supplies from the domestic market, dealers noted steady inquiries from Chinese clients. Chinese buyers often complain about problems such as delays in deliveries if they get rubber from the warehouses in Shanghai, dealers said. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 3% in the week ended June 7 to 93,875 tonnes from 96,835 tonnes the week before. "China has been checking on prices although I think they may want to buy at below 94 cents for June and July. But I can say China is keen to buy," said a dealerin Pekanbaru, the provincial capital of Riau on Sumatra. "On the other hand, many sellers are not too keen to sell at the current levels, even though supplies have picked up. Singapore buyers want to buy SIR20 August at 94.25 but sellers are reluctant," he said. Improving supplies in main producers Thailand, Indonesia and Malaysia may put pressure on the market, but dealers said bargain hunters are likely to buy on the price dips. Declines in Japanese rubber stocks could also help cushion the fall in Tokyo futures. Crude rubber stocks held at Japanese warehouses fell 2.7% to a four-month low of 17,458 tonnes by the end of May from 17,941 tonnes on May 20, according to the Rubber Trade Association of Japan.
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zhuge_liang Supreme	08-Jun-2007 20:58        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures closed 1.8% lower due to stop-loss selling fuelled by declines in other commodities. The benchmark rubber contract on TOCOM for Nov delivery settled at 271.9 yen per kg, down 4.9 yen from Thursday's close. It fell as low as 271.5 yen, its lowest since May 15. Technical sentiment weakened after the key contract closed the previous day beneath the 100-day MAfor the 1st time since early Aug last year. Gold fell on Thursday as the dollar's strength, rising U.S. Treasury yields and a sagging stock market hurt bullion investor sentiment. Dealers said they expected prices to fall further next week, pressured by poor technical sentiment, while supply in the physical market was expected to improve. Prices could fall below 270 yen. However, traders said they expected Japanese rubber inventories to drop during the summer, which should stimulate demand and therefore prices in the longer term. Physical prices were expected to slip over the next few weeks as seasonal rain in key producer Thailand eased and allowed output of USS3, the raw material for export-grade rubber sheet, to increase, traders said.
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zhuge_liang Supreme	07-Jun-2007 22:03        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures ended more than 2.1% lower on Thursday, hitting a 3-week low, as a firmer Japanese yen spurred stop-loss selling. The benchmark rubber contract on TOCOM for Nov delivery settled at 276.8 yen per kg, down 6.0 yen from Wednesday's close. It fell as low as 275.6 yen, the lowest since May 16. "There was another round of stop-loss selling in the afternoon session when prices were below 280 yen," a dealer said. The yen advanced against the dollar in Asia after rising sharply on Wednesday, with investors reversing risky trades funded by borrowing cheaply in yen after seeing stock markets around the world weaken. A stronger yen makes dollar-based commodities, such as rubber, cheaper for Japanese investors, encouraging them to sell yen-based TOCOM futures. TOCOM prices were still supported by strong physical demand and falling Japanese rubber stocks, traders said. The Rubber Trade Association of Japan said on Wednesday crude rubber stocks held at Japanese warehouses fell 2.7% to a 4-month low of 17,458 tonnes by the end of May, from 17,941 tonnes on May 20. That was the lowest since Jan. 31, when they were 17,331 tonnes, but little changed from 17,418 tonnes a year earlier. The market was watching whether domestic stocks would fall sharply over the next few weeks, traders said. Last year, inventories dropped sharply during the summer, boosting TOCOM rubber futures prices. Physical trade was active with China, the world biggest rubber buyer, seeking Thai RSS3 for prompt shipment, traders said. "The Chinese usually come back to the market when TOCOM falls, expecting to buy at cheaper prices, but producers are still reluctant to sell as raw material prices remain high," a trader said. Physical prices are expected to remain firm for a couple of weeks as supplies of USS3, a raw material for export-grade rubber sheet, remained tight. "USS3 supply should be OK by around late June if there's no rain from now on," a trader in Thailand's Hat Yai rubber centre said.
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Nostradamus Supreme	06-Jun-2007 23:38        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures slid as falls on other commodities and a firm Japanese yen spurred selling. The benchmark rubber contract on TOCOM for Nov ended at 282.8 yen per kg, down 2.8 yen. A stronger yen makes dollar-based commodities, such as rubber, cheaper for Japanese investors, encouraging them to sell yen-based TOCOM futures. "Sentiment is not good as prices couldn't break 300 yen and are still undermined by falls in other commodities and a firm yen," a dealer said. Technical selling kept pressure on TOCOM prices after the upside was capped at key moving average levels, including the 50-day MA. TOCOM prices were likely to move in a narrow range despite technical selling because strong demand should support prices, dealers said. On the physical front, rubber prices were mixed, with prices of most grades remaining firm despite the TOCOM fall. Most producers were still asking high prices because raw material remained expensive, traders said. Latex supply in Thailand and Malaysia is improving as most farmers resume tapping after a bout of bad weather. But prices of USS3, the raw material for export rubber sheet, remained firm as less unsmoked sheet was available in the market, traders said. "Although latex output is rising, farmers need at least 7 days to dry their rubber sheet and that's why we cannot lower our prices," a trader in Thailand's Hat Yai rubber centre said.
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