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Rubber prices
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Nostradamus
Supreme |
30-Jul-2008 23:39
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Rubber futures on TOCOM remained under pressure Wed afternoon. The most distant Jan '09 contract sank 3.4 yen from Tue to 328.2 yen per kg at 3:45 p.m. Tokyo time. | ||
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Nostradamus
Supreme |
29-Jul-2008 23:51
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Natural rubber futures in Tokyo declined after the International Monetary Fund said there is no end in sight to the U.S. housing slump, heightening concern that demand for the commodity used in car tyres may decrease. Futures dropped as much as 0.6% after the IMF warned in a report yesterday that deteriorating credit conditions for consumers and banks may prolong a period of slow economic growth. "The rubber market was weighed down by speculation that slowing economies may curb demand for cars and tyres," Jun Nishimuta, an analyst at Kanetsu Asset Management Co. in Tokyo, said today. Rubber for January delivery, the most-active by volume, fell 0.1% from its closing price yesterday to settle at 331.6 yen a kg (US$3,080 a metric ton) on the Tokyo Commodity Exchange. Automakers have been hurt this year by a drop in demand for less fuel-efficient models amid record gasoline prices and a sluggish economy. Losses in futures were limited as a rise in crude oil raised the appeal of commodities as an inflation hedge, Nishimuta said. Natural rubber reached a 28-year high of 356.9 yen Jun 30 as record oil prices boosted production costs for the rival synthetic product. |
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television
Member |
29-Jul-2008 10:31
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reply to Zhuge...but at least those who bought at 21cts are already money in the pocket,like myself I've 50lots.I've comfirmed with my broker that the offer is what Sinochem will be buying back at 26cts from minority shareholders ie for example if U hve 20000 share the offeror,Sinochem will buy back 10,500 from U at 26cts so everbody wins..better to wait as 25Aug draws nearer likley may cross 26cts say 28cts is possible.But if U hve confidence in the post takeover then >32cts is achievable.I'm confident prior to this that some takeover is in the air
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Nostradamus
Supreme |
28-Jul-2008 23:26
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Rubber futures on TOCOM fell deeper into minus territory Mon afternoon. The benchmark Dec '08 contract traded at 329.4 yen per kg at 3:45 p.m. Tokyo time, expanding its loss from Fri to 5.6 yen. The new Jan '09 contract fell to 330.1 yen from its debut price of 337.1 yen. | ||
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zhuge_liang
Supreme |
28-Jul-2008 14:30
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I think accept the offer. GMG has been unable to trade up to $0.26. Unless you think that the offer will not go through. | ||
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television
Member |
28-Jul-2008 11:22
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Just received the prospectus Sinochem Intern'tl propose to buy 51% og GMG at 26cts each and based on my personal holdings of 50,000 GMG shares I'm entitled to 25,500 shares .Can zhuge_liang ,Nostradamus or others pl advise whether to accept thsi offer.This 25,500 is the GMG shares to be given free or in exchange with my existing shares?thks in advance | ||
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zhuge_liang
Supreme |
25-Jul-2008 23:56
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Rubber futures on TOCOM firmed on renewed buying Fri afternoon, wiping out the losses in the morning session. The benchmark, most distant Dec '08 contract climbed 3.4 yen from Thu to 332.7 yen per kg at 3:45 p.m. Tokyo time. | ||
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Nostradamus
Supreme |
25-Jul-2008 02:46
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Rubber futures on TOCOM regained strength Thu afternoon, entirely wiping out the morning losses. The benchmark, most distant Dec '08 contract climbed 2.3 yen from Wed to 328.7 yen per kg at 3:45 p.m. Tokyo time. | ||
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Nostradamus
Supreme |
23-Jul-2008 23:47
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Rubber futures on TOCOM remained sluggish amid long liquidation Wed afternoon. The benchmark, most distant Dec '08 contract fell 4.3 yen from Tue to 326.3 yen per kg at 3:45 p.m. Tokyo time. | ||
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Nostradamus
Supreme |
23-Jul-2008 01:06
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Rubber futures on TOCOM lacked vigor Tue afternoon, widening moderate declines in the morning session. The benchmark, most distant Dec '08 contract sank 2.1 yen from Fri to 328.2 yen per kg at 3:45 p.m. Tokyo time. | ||
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Nostradamus
Supreme |
19-Jul-2008 01:13
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Rubber futures on TOCOM fell deeper into negative territory Fri afternoon. The benchmark, most distant Dec '08 contract sank 5.9 yen from Thu to 326.2 yen per kg at 3:45 p.m. Tokyo time. | ||
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Nostradamus
Supreme |
17-Jul-2008 23:47
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Rubber futures on TOCOM pushed up on renewed buying Thu, shrugging off a directionless mood in the morning session. The benchmark, most distant Dec '08 contract climbed 2.6 yen from Wed to 331.8 yen per kg at 3:45 p.m. Tokyo time. | ||
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timewatch
Senior |
17-Jul-2008 12:19
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Hello -is it an ok time to go for T3B coarse now or not-thanks | ||
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Nostradamus
Supreme |
16-Jul-2008 23:40
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Maybe rubber prices falling and market sentiment is weak. But it could rise towards $0.26 again. Rubber futures on TOCOM remained at sharply lower ground Wed. The benchmark, most distant Dec '08 contract fell to 327.3 yen per kg at 3:45 p.m. Tokyo time, expanding its loss from Tue to 11.1 yen. |
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johnsmith
Member |
16-Jul-2008 16:26
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If there is an offer for 26c a piece, and now it is at 22.5c, is this a good time to buy? Is it a sure thing? If so why still only at 22.5c?? Puzzled.... Any one opinion? |
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Nostradamus
Supreme |
16-Jul-2008 00:05
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Rubber futures on TOCOM remained under pressure Tue. The benchmark, most distant Dec '08 contract fell 3.3 yen from Mon to 338.2 yen per kg at 3:45 p.m. Tokyo time. | ||
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zhuge_liang
Supreme |
15-Jul-2008 12:08
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Thai rubber prices could drop 20% when supplies reach their peak in Augu, but strong overseas demand and costly oil will prevent a steeper decline, exporters and analysts said on Mon. Unsmoked sheet (USS3), the raw material for export-grade rubber sheet (RSS3), was expected to fall to 80 baht (US$2.40) per kg in Aug, down from 102 baht per kg quoted on Mon, due to increasing supply. "Prices are expected to fall, but not as low as 60-70 baht as we saw in the last few years," said Yium Tavarolit, an economist at the International Rubber Consortium Ltd, which comprises major rubber producers Thailand, Indonesia and Malaysia. Rubber farmers began tapping again after rains stopped this month in southern Thailand, the main rubber growing area for the world's biggest exporter. "Supply will peak in Aug, but if we look into overall supply in '08, we will find there is not that much production," an exporter said. The Agriculture Ministry has forecast 3.1 million tonnes of rubber in '08, but traders and exporters expect 2.9 million tonnes due to a wet season that last longer than expected, disrupting tapping in May and Jun. Traders expected strong interest from China, the world's biggest rubber importer, when prices start falling. "They need to build up their falling stocks," a trader at Thailand's Hat Yai rubber centre said. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange were at 22,395 tonnes last week, up 18% from the previous week, but still well below the 93,760 tonnes recorded in Jan. The high cost of oil would also help Thai rubber stay above 80 baht per kg for the rest of the year. Costly oil makes synthetic rubber, a petroleum product, more expensive and encourages the use of natural rubber. "If oil prices hover at these high levels, I believe the rubber price could stay at 80-90 baht per kg," said an official at the Agriculture Ministry's Rubber Institute, which monitors the rubber market. |
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Nostradamus
Supreme |
14-Jul-2008 23:43
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Rubber futures on TOCOM lacked strength Mon. The benchmark, most distant Dec '08 contract traded at 343.6 yen per kg at 3:45 p.m. Tokyo time, down 2.8 yen from Fri. | ||
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Nostradamus
Supreme |
11-Jul-2008 23:26
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The price will definitely go up towards $0.26. Rubber futures on TOCOM gathered steam again Fri afternoon, shrugging off weakness late in the morning. The benchmark, most distant Dec '08 contract jumped 9.1 yen from Thu to 344.9 yen per kg at 3:45 p.m. Tokyo time. |
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KennyNg
Member |
11-Jul-2008 15:07
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Hi zhuge Liang, Thanks for the reply. That will be a piece of good news. The stock will go up right? Kenny |
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