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bullrun4ever Senior	08-Mar-2007 21:14        bullrun4ever About Contact  Quote this Post!
x 0   x 1  Alert Admin	HI ZL, Thanks for the info, but is it free from Reuters? How is your data compare to Tocom? I look at both threads. Are you in competition with the other thread?
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zhuge_liang Supreme	08-Mar-2007 15:56        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rebounded on Thursday, rising 1.4% in a recovery from a plunge of nearly 13% since last week. But rubber futures were still on the defensive as the rise was driven mostly by technical factors, which are likely to turn bearish again ahead of the weekend, dealers said. The benchmark rubber contract on TOCOM for August delivery ended the morning session at 263.0 yen per kg, up 1.4%. It fell as far as 256.4 yen a kg -- the lowest for any benchmark since Jan. 15. The benchmark dropped its daily 10-yen limit on Wednesday and the limit was extended to 15 yen on Thursday. "At the moment, people are not looking at fundamentals, but the market is mainly driven by technicals," said Takashi Ogura, manager of the risk management department at Kanetsu Asset Management. "Funds are actively liquidating their positions due to bearish technicals," he said. "It may take a while before investors restore their confidence in rubber." The TOCOM contract was expected to find support at the 200-day MA of around 255 yen. "The 200-day MA will be the key, but a failure to sustain the level would trigger further liquidation. The price could fall towards 200 yen," Ogura said. Physical rubber prices rose a little with buyers in Europe, Japan and China likely to place orders because they feared that prices would rise in line with TOCOM, traders said. "They want to see how the market behaves today after the TOCOM rise and may place more orders ahead of the weekend," a trader in Thailand's Hat Yai rubber centre said.
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Nostradamus Supreme	08-Mar-2007 15:35        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	shplayer, Those are TOCOM prices. I think their morning sessions end at 11.30am. I believe that early gains were swiftly erased in the morning to end the morning session near limit down and not during the 36 min.
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shplayer Elite	07-Mar-2007 22:27        shplayer About Contact  Quote this Post!
x 0   x 1  Alert Admin	Nos, You are right, MRB site reports midday prices. Buy I observed that you posted at 1236 hrs...so, the time gap was a mere 36 minutes. Does this infer the rubber prices' downtrend was very sudden and within that 36 min span?
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Nostradamus Supreme	07-Mar-2007 20:07        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	shplayer, Tokyo rubber futures fell by their daily limits at the close. Perhaps what you see are those in the morning? Futures were hit by renewed selling after the early gains from late morning to afternoon. Rubber futures got off to a higher start amid short covering and buying by day traders on the back of gains in precious metals and oil futures. But selling became dominant later as the benchmark contract's upside was limited. Prices kept falling amid loss-cut liquidation by buyers.
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shplayer Elite	07-Mar-2007 14:38        shplayer About Contact  Quote this Post!
x 0   x 1  Alert Admin	Nos, Strange??? The report you posted of the Tokyo Rubber Exchange today does not seem to concur with the rubber prices posted by the MRB which shows a slight uptrend.
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Nostradamus Supreme	07-Mar-2007 12:36        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell by their daily limit to a six-week low on Wednesday on stop loss-selling after a key level was broken. Early gains were swiftly erased, with investors careful about taking new positions after seeing the key rubber contract fall more than 10% from last week's high of 293.4 yen. The benchmark rubber contract on the Tokyo Commodity Exchange  for August delivery ended the morning session at 260.8 yen per kg, down 3.2%. It fell as far as 259.2 yen after the market re-opened, equalling the low of Jan. 22. "Rubber futures extended losses in early trade due to stop-loss selling when prices fell below 265 yen," a dealer in Tokyo said.
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zhuge_liang Supreme	07-Mar-2007 12:14        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures gained further ground in early trading on TOCOM. The benchmark, most distant August 2007 contract opened at 270.8 yen per kilogram, up 1.6 yen from the previous day.
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terencefok Master	06-Mar-2007 22:27        terencefok About Contact  Quote this Post!
x 0   x 1  Alert Admin	I believe that in 6 months (or less) from now, GMG will hit $0.20
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Happy07 Member	06-Mar-2007 22:04        Happy07 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Glad to hear that. Thanks for the support! May the force be with us.
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terencefok Master	06-Mar-2007 21:15        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am vested..
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zhuge_liang Supreme	06-Mar-2007 21:14        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Rubber futures on the Tokyo Commodity Exchange showed a strong rebound Tuesday amid sellers' buybacks to lock in profits after Monday's steep declines. The most active August 2007 contract settled at 269.2 yen per kilogram, up 7.2 yen from the previous day. Contracts from March to July rose 7.4-12.7 yen. Rubber futures were generally firmer at the start. The two most distant contracts sank to new lifetime lows shortly after the opening. Sentiment firmed and prices moved upward after that as buying grew on the back of the yen's weakening against the dollar and rallies in other commodity futures. In the afternoon session, prices fluctuated narrowly at higher ground.
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Happy07 Member	06-Mar-2007 21:12        Happy07 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks ZL and Nostradamus for your sharing. It is sad to see that not many people see the beauty of this hiddden gem.
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zhuge_liang Supreme	06-Mar-2007 21:00        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Hello BR4ever, Got it from Reuters. Are you related to BR? How does this thread compare to the other one?
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Nostradamus Supreme	06-Mar-2007 12:14        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures rebounded on Tuesday, rising more than 1% on short covering. The benchmark rubber contract on the Tokyo Commodity Exchange for August delivery ended the morning session at 266.3 yen per kg, up 4.3 yen from Monday's close. On Tuesday, strong buying was encouraged by a rebound in shares, pushing the benchmark Tokyo Commodity Exchange rubber contract for August delivery up 1.6% to a session high of 269.2 yen a kg. Japan's key Nikkei share average rose as high as 16,767.83 on Tuesday, up 0.8% as investors bought back shares such as Sony Corp. On Monday, the Nikkei fell 3.3%, its biggest one-day tumble in nine months, to a new low for 2007. But traders said they were still not convinced by Tuesday's recovery of rubber after seeing the key contract fall about 10% in the last week. "It's short covering, backed by technical support, and I'm not sure whether the momentum is strong enough," one dealer said. "I expect prices to move in the range of 250-270 yen," another dealer said. The market would continue to keep an eye on the bullish yen and the stock market, dealers said. Traders said the market was likely to have less supplies in the next two to three months due to wintering in top producer Thailand, when latex output falls. In the physical market, rubber prices were higher, tracking the rise on TOCOM. Trading was active as traders placed more orders in anticipation of a drop in prices after a correction on TOCOM over the past few trading days, traders said. But most buyers went for Indonesian SIR20 as it was cheaper than Thai RSS3 and Malaysia SMR20, they said. "We hardly sell anything at these high prices, but we can't lower them as the raw material, USS3, is expensive," a trader in Thailand's Hat Yai rubber centre said.
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bullrun4ever Senior	06-Mar-2007 08:22        bullrun4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello ZL, Where you get all this rubber info from? Can share? Thank you!
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zhuge_liang Supreme	05-Mar-2007 15:11        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures plunged by the daily limit to a six-week low on Monday as the yen's rise and falling share prices triggered sell-offs from investors who have heavily invested in the commodity in the past several months. The benchmark Tokyo Commodity Exchange rubber contract for August delivery closed down by the daily 10-yen limit at 262.0 yen a kg -- the lowest for any benchmark since Jan. 22. It was down by 3.7 percent from Friday's settlement. All other TOCOM contracts also fell by 10 yen. "The yen's strength and falls in share prices are prompting heavy sales in commodities," said Takashi Ogura, risk management section manager at Kanetsu Asset Management. "Investment funds are heavily liquidating their positions in rubber, with technical sentiment also weakening rapidly." A stronger yen makes dollar-based commodities, such as rubber, cheaper for Japanese investors, encouraging them to sell yen-based TOCOM futures to stop further losses. Heavy fund buying since late Nov had lifted the key contract to a seven-month high of 298.7 yen on Feb. 14, but TOCOM rubber has been under downward pressure since then mainly due to the yen's strength. Technical trends deteriorated severely as the key contract dropped about 10% in the last week. Traders were watching whether August TOCOM rubber could sustain the 200-day MA of 255.6 yen. Falls in Japanese stocks undermined sentiment for TOCOM as investors wanted to lighten positions in risky assets, including commodities, Tokyo traders said. Japan's Nikkei fell 3.3% on Monday, its biggest one-day tumble in 9 months and a new low for 2007, as investors continued to dump exporters following the yen's rise. Separately, share prices in China and Hong Kong dropped sharply on Monday hit by weakness on global markets.
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zhuge_liang Supreme	05-Mar-2007 14:44        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Full blown stock market correction has set in. Cut loss! Asian physical rubber prices were broadly lower on Monday morning on more than 3% loss in Tokyo Commodity Exchange rubber prices. TOCOM rubber futures tumbled to a six-week low as the yen's rise and the instability in stocks triggered sell-offs. Traders said there were few quotes for Thai physical rubber as the market was closed for a public holiday.
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zhuge_liang Supreme	02-Mar-2007 17:24        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures edged higher on Friday, recovering from near six-week lows as investors covered short positions. The benchmark rubber contract on TOCOM for August delivery settled at 272.0 yen per kg, up 0.55% from Thursday's close. It rebounded from a near six-week low of 264.5 yen on Jan. 22. Prices tumbled 2.2% in early trade when the Japanese yen strengthened and a broad decline in commodities spurred selling. A stronger yen makes dollar-based commodities, such as rubber, cheaper for Japanese investors, encouraging them to sell yen-based TOCOM futures to stop further losses. "Prices fell to the level which was attractive for short-sellers to cover their positions," a Japanese dealer said. "I think there was fresh buying also because prices fell quite low," another dealer said. Rubber futures should be supported by falling supply in main producing countries, Thailand and Indonesia. But dealers and participants were sceptical whether the benchmark contract could maintain its momentum to rise further on Monday as it was able to stay above 270.0 yen, a closely watch level. "Fundamentally, rubber should be supported, but I'm afraid that rubber could be dragged down again on Monday if other commodities fall," a dealer said. Elsewhere, crude rubber stocks held at warehouses in Japan, a large consumer, amounted to 19,504 tonnes on Feb. 20, up 5.5% from 18,494 tonnes on Feb. 10, when the previous data was taken, the Rubber Trade Association of Japan said on Thursday. Japanese inventories have been climbing steadily since the start of the year and are now up about 36% from 14,338 tonnes at the end of Dec. Firm fundamentals due to the annual wintering season in top rubber producer Thailand have provided support. On the physical front, most grades of Asian rubber were quoted lower under the pressure of TOCOM's falls Trading was active with several tyremakers, including Chinese firms, continuing to buy Indonesia SIR20 while Thailand was selling less of its RSS3 due to high prices, traders said.
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zhuge_liang Supreme	01-Mar-2007 23:25        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Hi rickytan, You're welcome. An excellent rating would be nice :) I was vested at $0.085. Sold at $0.155. Seems to have established support at $0.13. But it remains to be seen if that level would hold.
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