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Rubber prices
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arise2257
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04-Apr-2007 21:46
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Does anyone know when is the dividend payout and closure date? |
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Nostradamus
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04-Apr-2007 21:43
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Rubber futures on TOCOM lost ground on late selling Wednesday after fluctuating in a narrow range. The benchmark, most distant Sep '07 contract ended at 285.1 yen per kg, down 1.7 yen from Tuesday. Rubber futures were narrowly mixed at the start for lack of strong pegs. Prices swung back to plus territory later as repurchases became dominant. But selling on rallies grew toward the end of the session. |
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Nostradamus
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04-Apr-2007 00:31
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Rubber futures on TOCOMwere narrowly mixed Tuesday amid repurchases and long liquidation. The most distant Sep '07 contract ended at 286.8 yen per kg, down 0.3 yen from Monday, after rising to a new lifetime high of 289.2 yen in the afternoon session. Rubber futures got off to a higher start on bears' repurchases in a firm mood carried over from the previous day. After the opening, buyers moved to cash in on the gains for fears of excessive rises. The 2 most distant contracts and the nearest April contract slipped into minus territory at the close. |
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zhuge_liang
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03-Apr-2007 12:11
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Tokyo rubber futures rose a little in early trade on Tuesday, a day after hitting a one-month closing high, as other commodities fell, led by crude oil. The benchmark TokTOCOM rubber contract for Sep delivery ended the morning session at 287.6 yen per kg, up 0.5 yen, after moving in a range of 286.3 and 289.0 yen. "I think TOCOM will be in range trade for a while," one dealer said. Buying by investment funds at the beginning of Japan's new fiscal year, inspired by bullish signs in technical charts, supported the TOCOM market. But gains were limited by the lack of support from other commodities, especially oil. Crude oil came under pressure on signs of easing tension between the West and Iran, the world's number four oil exporter. TOCOM investors also kept an eye on the dollar/yen rate as a clue for market direction. At 0258 GMT, the dollar was little changed near 117.79 yen after hovering between 118.08 yen and 117.50 yen on Monday. In the physical market, rubber prices were mostly unchanged despite TOCOM's rise. Trading revived with Singaporean dealers and users buying Thai RSS3 at around US$2.33 per kg for June shipment, traders said. "Buyers are back in the market again," a Thai trader said. "I think they would have to build up their stocks after they stopped buying over the past few weeks." Rain started falling in some parts of Thailand's south, the country's main rubber growing area, signalling that supply should get back to normal with the end of the wintering dry season, when latex flows decrease, usually by the middle of April, they said. |
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Nostradamus
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02-Apr-2007 23:16
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Rubber futures on the Tokyo Commodity Exchange rose further Monday, expanding gains toward the end of the session. The most distant Sep 2007 contract closed at 287.1 yen, up 2.9 yen from Friday, after hitting a new lifetime high of 286.7 yen. Rubber futures turned lower at the opening amid long liquidation on the back of declines in oil futures. Repurchases became dominant later as oil products futures regained strength. Prices kept pushing up toward the close. |
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Nostradamus
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30-Mar-2007 20:42
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Rubber futures on the Tokyo Commodity Exchange turned higher Friday on the back of sharp rises in oil and other major commodity futures. The most distant Sep '07 contract climbed 5.4 yen from the previous day to 284.2 yen per kg at the end of the session. Rubber futures opened higher on bears' buybacks. Prices hovered in a narrow range later amid repositioning toward the end of the current quarter and the fiscal year's end. In the afternoon, buying became dominant, pushing up prices to even higher ground. |
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zhuge_liang
Supreme |
30-Mar-2007 12:24
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Tokyo rubber futures rebounded on Friday, rising nearly 1% on short-covering prompted by an easing yen and rises in other commodities, but thin volume limited the gains. Many traders were likely to concentrate on adjusting their positions ahead of the weekend, which coincides with Japanese fiscal book-closing. Japan's new fiscal year begins in April. The benchmark rubber contract on TOCOM for Sep delivery ended the morning session at 281.3 yen per kg, up 0.9% from Thursday's close. It rose to a session high of 283.4 yen, but could not break through the key resistance of 285.0. |
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Nostradamus
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29-Mar-2007 20:29
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Rubber futures on TOCOM lost ground Thursday, pressured by long liquidation on the back of declines in gold and oil futures. The most distant Sep '07 contract settled at an intraday low of 278.8 yen, down 3.8 yen from the previous day. Rubber futures were weighed down by buyers' liquidation in early trading. Prices briefly swung back into plus territory as bears moved for short covering, but sentiment weakened again later. Selling became active toward the end of the session. |
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zhuge_liang
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29-Mar-2007 12:18
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Tokyo rubber futures fell on Thursday as a firm yen weighed on the market, but high crude oil prices and seasonal supply tightness were expected to provide support. The benchmark rubber contract on TOCOM for Sep delivery ended the morning session at 280.6 yen per kg, down 0.7%. The contract rose briefly to 283.5 yen, near a one-month high of 285.8 yen hit on Tuesday. The dollar suffered its biggest slide against the yen U.S. crude oil futures eased slightly on Thursday, a day after striking six-month highs as increasing political tensions with Iran. |
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zhuge_liang
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28-Mar-2007 22:11
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Rubber futures on the Tokyo Commodity Exchange were narrowly mixed in a directionless mood Wednesday. The most distant Sep 2007 contract settled at 282.6 yen per kg, unchanged from Tuesday.
Rubber futures were generally lower at the start amid long liquidation following Tuesday's late decline. Prices improved later on the back of gains in oil futures. The four contracts from April to July pushed back to plus territory at the morning close. In the afternoon, buying and selling for repositioning mingled with each other. |
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Nostradamus
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28-Mar-2007 13:00
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Tokyo rubber futures were mixed in early trade on Wednesday, with investors reluctant to buy ahead of Japanese fiscal book-closings, but prices remained supported by falling supply and bullish oil prices. Sentiment was firm following rallies over the last few weeks, with rising physical rubber prices encouraging some buying in Tokyo Commodity Exchange rubber futures. The benchmark TOCOM rubber contract for Sep delivery ended the morning session at 282.5 yen per kg, down 0.1 yen from Tuesday's close. "It seemed like there were some speculators buying on dips when prices fell to around 280 yen," a trader said. "280 yen should be a strong support level and it's not good if prices break below that level as there could be another round of correction," a dealer in Singapore said. TOCOM prices were also supported by bullish energy prices because higher oil prices tend to encourage a shift in demand to NR from SR. The benchmark U.S. crude oil futures In the physical market, most rubber grades were quoted unchanged due to a lack of price direction from TOCOM. But prices stayed buoyant, supported by falling supply. Trading was thin, with few users buying Thai RSS3 around US$2.30 per kg and China waiting for cheaper prices, traders said. |
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Nostradamus
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27-Mar-2007 23:29
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Rubber futures on the Tokyo Commodity Exchange fell back Tuesday, losing strength after a mixed start.
The benchmark Aug '07 contract closed at an intraday low of 280.1 yen per kg, down 3.6 yen. The new Sep '07 contract finished at 282.6 yen, down 2.9 yen from its debut price of 285.5 yen. The initial price was 2.7 yen higher than the August contract's opening price. Prices at the opening were higher for nearby month contracts but lower for distant month contracts. Long liquidation became dominant later on the market as a whole. Repurchases became active at one point in the afternoon, but the distant month contracts weakened again toward the close. |
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zhuge_liang
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27-Mar-2007 12:55
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Japanese rubber futures slid lower on Tuesday as players took profit after sharp gains over the last week amid position-adjusting ahead of fiscal book-closings at the end of March. The newly listed benchmark TOCOM rubber for Sep delivery ended the morning session at 284.9 yen per kg after starting at 285.5 yen. The previous benchmark Aug rubber contract ended at 282.3 yen per kg, down 0.4% from Monday's close of 283.7 yen. "Prices are drifting down because of profit taking, but it's tough to tell the near-term sentiment," said Hisaaki Tasaka, a market analyst at Ace Koeki Co. Ltd. "Tokyo prices are buoyant because of firmer physical rubber prices in producing countries and also due to the fact that there are few hedge sales orders at the moment." TOCOM prices were expected to be supported by strong energy prices and a weaker yen, they said. On Monday, U.S. crude futures surged to a '07 high above US$63 a barrel on growing tension between Iran and the West, as well as supply concerns due to refinery glitches in the United States. |
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Nostradamus
Supreme |
26-Mar-2007 21:21
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Rubber futures on the Tokyo Commodity Exchange turned upward on renewed buying Monday, wiping out losses in early trading.
The most active August 2007 contract settled at 283.7 yen per kilogram, up 5.2 yen. The March 2007 contract ended its life at 260.5 yen, down 1.5 yen from the previous day but 2 yen higher than the expiration price of 258.5 yen for the February contract. Rubber futures were weighed down by long liquidation at the start in a weak mood carried over from Friday. Trading lacked direction after the opening amid mixed currents of buying and selling for repositioning in the absence of strong pegs. Sentiment stiffened from late morning to afternoon, reflecting oil futures' gains. Prices went up toward the end of the session. |
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zhuge_liang
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26-Mar-2007 12:32
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Tokyo rubber futures rose a little on Monday, supported by tight supply, but gains were capped by profit-taking and position-adjusting ahead of quarterly book-closings at the end of the month. Tokyo Commodity Exchange rubber futures also met some selling ahead of the expiry of the spot March contract at the midsession close. The contract ended at 260.5 yen a kg, down 1.5 yen from Friday's close. The benchmark August contract ended the morning session at 279.7 yen per kg, up 1.2 yen. It may rise to fill in a chart gap to 285.0 yen, a level reached on Feb. 27, dealers said. "Technically, prices should rise, but profit-taking has still lingered," one dealer said. Even so, Tokyo rubber was supported by strong fundamentals stemming from seasonal supply tightness. Rubber output has slowed in top producer Thailand and number three Malaysia due to the wintering dry season, when latex output falls. Technical sentiment is bullish after the benchmark TOCOM August contract gained more than 8% last week, rising as high as 282.8 yen, the highest for a benchmark since Feb. 27. In the physical market, rubber was quoted higher, tracking the rise on TOCOM and supported by unfavourable weather in Thailand, traders said. "It's wintering season, but there are unseasonal rains in some provinces in the south, so supply could fall lower than our expectation," a southern-based trader in Thailand said. Physical trading should revive this week as buyers who have stayed on the sidelines over the last few weeks should come back to the market to replenish their stocks, traders said. |
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Nostradamus
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23-Mar-2007 23:32
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Rubber futures on the Tokyo Commodity Exchange generally turned lower Friday, shedding the gains in early trading. The most active August 2007 contract ended at 278.5 yen per kilogram, down 0.4 yen.
Short covering and buying by day traders were dominant at the start in a firm mood carried over from the previous day. The March contract was the sole loser at the opening, but it swung back to plus territory after that. Sentiment weakened later as buyers moved to lock in profits. |
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zhuge_liang
Supreme |
23-Mar-2007 12:52
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Tokyo rubber futures inched up on Friday, drawing support from steady commodity future prices although profit-taking set in ahead of the weekend. The benchmark rubber contract on the Tokyo Commodity Exchange for August delivery ended the morning session at 279.7 yen per kg, up 0.8 yen from Thursday's close at 278.9 yen. It rose to a session high of 282.8 yen before profit-taking set in. TOCOM prices were not expected to rise sharply on Friday as investment funds were not in the market, resulting in thin trading volumes. "Fundamental support is OK, but technical support is not strong enough as we don't see a significant rise in other commodities," another dealer said. Strong fundamentals stemming from seasonal supply tightness have also helped rubber futures climb more than 8% this week. On the physical front, most rubber grades were quoted unchanged despite the TOCOM rise and trading remained thin with buyers waiting for prices to drop, traders said. But Indonesian SIR20 slipped a little as the rainy season was fading out and supply was expected to increase gradually, they said. "But the price of SIR20 won't fall sharply because demand remains strong as our prices are still competitive," an Indonesian trader said. |
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Nostradamus
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22-Mar-2007 21:27
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Rubber futures on the Tokyo Commodity Exchange rose for 3 days in a row Thursday, drawing buybacks by sellers. The most active August 2007 contract ended at 278.9 yen per kilogram, up 6.7 yen from Tuesday, after briefly topping 280 yen. Rubber futures opened higher on short covering in a firm mood carried over from the previous business day. The key contract easily broke above resistance at 272.3 yen at the start, inducing buying on the market as a whole. Sentiment slightly weakened late in the morning as long liquidation grew. But buying gathered steam again toward the close. |
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zhuge_liang
Supreme |
22-Mar-2007 12:57
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Tokyo rubber futures rose as much as 2.6% to a three-week high on Thursday, buoyed by the strength of other commodities such as gold. The benchmark Tokyo Commodity Exchange rubber contract for August delivery ended the morning session at 278.0 yen per kg, up 5.8 yen. It earlier rose 2.% to hit an intraday high of 279.2 yen. TOCOM was closed on Wednesday for the Spring Equinox national holiday. TOCOM gold hit a 2-1/2-week high on Tuesday as strong gains by U.S. and Japanese stocks and the yen's decline this week prompted investors to buy back bullion. Market players expect TOCOM rubber to head higher in the long term, supported in part by firm fundamentals. Some see the benchmark contract eventually hitting 300 yen. But some pessimistic dealers said they were not sure whether the benchmark could rise above the closely watched level of 298.7 yen, the level the futures failed to breach on Feb. 14 and embarked on a downward trend. In the physical market, most Asian rubber grades were quoted higher in line with TOCOM. But physical trade was not active as higher prices kept buyers on the sidelines, resulting in only a few users in the market. "There might have been some correction on TOCOM over the last few days, but physical prices are still buoyant due to falling seasonal supply," a Malaysian trader said. Malaysia, the world's number-three rubber producer, is in the wintering dry season when latex output falls until May, and Thailand until the end of April. Indonesia, the world's number-two producer, is in the rainy season until April with downpours disrupting tapping. "We offer high prices and we don't worry if they don't buy because we also have less supply and are not in a rush to sell," an Indonesian trader said. |
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Happy07
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21-Mar-2007 22:15
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Appreciate your posting... But I'm sick...I think not much movement make me sick...:( |
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