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rickytan Veteran	01-Mar-2007 18:29        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Zhuge Liang, May I know whether you are vested in this counter ?  If so, what price did you enter please ?  I see that you have been updating on this counter regularly.  Thank you :)
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zhuge_liang Supreme	01-Mar-2007 17:07        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures slipped 2.4% to touch a five-week low on Thursday as technical selling pounded the market, still reeling from the previous day's battering. The benchmark rubber contract for August delivery finished at 270.5 yen per kg, down about 2.4% from Wednesday's close of 277.1 yen. Prices initially climbed as high as 281.8 yen on Thursday only to reverse and sink to a low of 266.6 yen, the lowest since Jan. 23, when it slipped to 265.0 yen. "I don't think rubber's fundamentals quite merit this kind of decline," a Tokyo broker said. But he said many investors had jumped on the bandwagon when technical selling emerged. A local trader in Thailand said supplies were tight due to wintering, which was supporting prices of physical Thai rubber. He said Thai shipments were likely to be low until the second half of April when wintering usually ends, adding that prices of Thai rubber grades were likely to remain firm. "Supply is low and prices cannot come down," he said. China, the world's biggest rubber consumer, was in the market to replenish supplies but it shunned Thai rubber, which commanded a stiff premium compared with that from Indonesia or Malaysia, he said. There was talk that China had purchased some rubber from Indonesia, the world's second-largest rubber producer, he said.
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zhuge_liang Supreme	28-Feb-2007 19:49        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on the Tokyo Commodity Exchange dropped the daily limit for one day as a tumble in global stocks raised concerns that economic growth may slow and cut demand for the raw material for tyres and gloves.   People feared that the Chinese growth may not be as strong as expected and therefore demand for rubber may not be that strong. The TOCOM August natural rubber contract in fell 3.5% to 277.10 yen a kilogram at the morning session close. Natural rubber in Shanghai, the world's biggest futures market for the commodity by trading volume, fell as much as 4% to 21,205 yuan a ton, also declining the maximum allowed in one day. It traded at 21,385 at 11:51 a.m. in Shanghai.
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Nostradamus Supreme	28-Feb-2007 10:23        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures tumbled across the board on Wednesday with most contracts down by the daily 10-yen limit, hit by the combined impact of a sharp rise in the yen's value and broad declines in the stock market. Most precious metals contract on the Tokyo Commodity Exchange also plunged by their daily limit, encouraging investors to sell. As of 0104 GMT, the benchmark August rubber futures contract on TOCOM was down by the daily 10-yen limit at 277.1 yen per kg, a one-week low. All other contracts fell by the daily 10-yen limit with the exception of the prompt March contract, which has no restrictions and was down by 13.5 yen at 260 yen. A higher yen effectively makes dollar-based commodities, such as rubber, cheaper for Japanese investors, encouraging them to sell their yen-based TOCOM futures to stop further losses. The dollar stood at 118.50/118.53 yen against the yen as of 0105 GMT. It fell to a 10-week low of 117.50 yen on electronic trading platform EBS on Tuesday. Japan's broad TOPIX stock index <.TOPX> fell by as much as 5% following a tumble in global stock prices. TOCOM rubber has been lacking direction due to the absence of fresh incentives, but some support has come from the start of wintering in top rubber producer Thailand when latex output falls.
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zhuge_liang Supreme	27-Feb-2007 20:33        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on the TOCOM turned lower after 3days of rise, pressured by selling by long holders and day traders. The most distant August 2007 contract settled at 287.1 yen per kg, down 4.2 yen from Monday, after ranging from 285.0 yen to 290.9 yen. Contracts from March to July fell 3.7-4.7 yen. Rubber futures were generally lower at the start amid buyers' liquidation to establish profits for fears of excessive rises. Sentiment weakened further because day traders entered sell orders. The losses became smaller toward the close as repurchases emerged.
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Nostradamus Supreme	27-Feb-2007 11:44        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell more than 1% on Tuesday on profit-taking after three consecutive days of gains sparked worries the pace of the market's rise was too fast. The benchmark rubber contract on Tokyo Comodity Exchange for August delivery ended the morning session at 287.2 yen per kg, down 1.4% from Monday's close of 291.3 yen. "Prices rose significantly and provided room for speculators to cash in profit," a dealer said. "Players sold contracts as they were not sure whether prices should rise further as the last three straight days' rise was supported mostly by technical factors," another said. Prices moved in a range of 286.5 yen and 290.9 yen as the market looked for direction amid a lack of fresh incentives. U.S. crude oil continued to trade above US$61 a barrel on Tuesday due to a cold snap in the United States and could lend some support. The rally of TOCOM rubber prices this year is expected to remain strong due to the combined impact of strong fundamentals and a flow of fund money. On the physical front, rubber prices slid, tracking TOCOM. Trade was more active, with some Chinese buyers in the market after a week-long Lunar New Year holiday asking to buy RSS3 despite high prices, traders said. "I think the Chinese need to buy RSS because there is not enough SIR20, which is cheaper, to fill their demand as supply in Indonesia is falling too," a trader said. Indonesia, the world's number-two rubber producer, is in the rainy season which will last until April.
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zhuge_liang Supreme	26-Feb-2007 20:05        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures climbed up further on the Tokyo Commodity Exchange Monday on the back of gains in gold and oil products futures. The benchmark July 2007 contract settled at 287.2 yen per kilogram, up 4.6 yen from Friday. The most distant August contract, launched Friday, ended 4.6 yen higher at 291.3 yen. Contracts from March to June were 5.1-6.6 yen higher. Rubber futures got off to a firm start in a wait-and-see mood for lack of strong pegs. Prices rose further after that amid repurchases by day traders. But buyers' liquidation to establish profits became active in late trading.
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zhuge_liang Supreme	26-Feb-2007 12:06        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	TOCOM rubber rises along with other commodities. Tokyo rubber futures rose on Monday for the 3rd consecutive session as gains across a range of commodities helped boost contracts about 1%. The benchmark rubber contract for August delivery ended the morning session at 290.0 yen per kg, up 1.1%, from Friday's 286.7 yen. Crude oil hovered above US$61 a barrel due to escalating tensions about Iran's nuclear programme. "Sentiment should be strong, supported by both speculative buying in TOCOM and falling supply in producing coutries," a dealer said. Investors will also be watching out for any effects from the destruction of rubber stocks in Thailand's far south last week by suspected separatists during the wintering period in the world's top rubber producer when latex output declines. Traders said that though the amount of rubber lost in the arson attack on a warehouse, 5,000 tonnes of rubber sheet and block rubber, was not large, the owner of the factory had said it would have to stop producing rubber for about a year. On the physical front, prices were higher on Monday, tracking a rise in TOCOM, traders said. But trading remained thin despite Chinese businesses reopening after a week-long Lunar New Year holiday as higher prices deterred buyers, they said. "It's just Monday. Buyers called and asked about our offers but I don't think they would buy at this high price and we also couldn't sell cheaper due to expensive raw material prices," a trader in Thailand's Hat Yai rubber centre said. Traders said Chinese buyers, whose stocks are down after the holiday, started buying cheaper Indonesia SIR20 and waited to buy Thai RSS3 when prices dropped.
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zhuge_liang Supreme	23-Feb-2007 19:08        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures on the Tokyo Commodity Exchange gained further ground Friday in a firm mood carried over from the previous day's sharp rally. The benchmark Jul '07 contract settled at 282.6 yen per kilogram, up 4.2 yen from Thursday. The new Aug '07 contract ended its first day at 286.7 yen, rising from its debut price of 284 yen. Rubber contracts from March to June rose 3.8-4.9 yen. Rubber futures got off to a higher start on bears' buybacks and fresh buying by day traders and bulls. Buying was also induced by oil products and gold futures' climbs. The gains became smaller in the afternoon as selling grew amid weekend repositioning.
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zhuge_liang Supreme	23-Feb-2007 15:28        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures rose further on Friday on active short-covering and speculative buying, supported by gains in energy prices and other commodities. The bull trend in Tokyo Commodity Exchange rubber futures continued after the spot February contract expired on Thursday with large deliveries made. The July contract, a previous benchmark, reached a seven-month high of 298.7 yen on Feb. 14, but shied at the 300-yen level. It was at 284.6 yen at the end of early trade, up 6.2 yen from Thursday's close. The new benchmark contract for August delivery ended the morning session at 287.4 yen a kg after opening at 284.0 yen. Strong oil prices encouraged funds to take new positions in rubber. U.S. crude oil futures eased on Friday, but remained near US$61 a barrel, getting support after U.S. data showed a big fall in distillate and gasoline stocks last week. "There was no change in fundamentals. It was only technical support lent by other commodities which pushed TOCOM up," a Japanese dealer said. "That's why I'm not quite sure whether prices could reach 300 yen." Still, some traders expected the large volume of deliveries could put pressure on TOCOM rubber after the expiry. Rubber traders keep a close watch on the oil market as higher oil prices accelerate a shift in demand to natural rubber from synthetic rubber, a petrochemical product. Rubber is also expected to find solid support due to supply concerns after a rubber warehouse was destroyed by suspected militants in Thailand's Muslim-majority far south on Wednesday. Around 5,000 tonnes of rubber sheet and block rubber in the warehouse were destroyed and the owner said the factory would not be able to produce rubber for about a year. Traders said there were fears other rubber factories in the far south would move away from the region, hurting rubber farmers and traders in the area. But physical trade was not active with most Asian rubber prices unchanged despite a rise on TOCOM. Although several trading houses in Singapore, the region's rubber trading centre, were open after the Lunar New Year holiday, trading remained thin because buyers were waiting for prices to fall, they said.
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zhuge_liang Supreme	23-Feb-2007 01:09        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures on the Tokyo Commodity Exchange gathered steam on the back of strong gains in precious metals and oil futures. Buying was induced by concern over natural rubber supply following reports of a fire at a rubber warehouse in Thailand Wednesday. The most active Jul 2007 contract settled at 278.4 yen per kilogram, up 7.4 yen from Wednesday, after rising to a high of 280.8 yen at the start. Contracts from March to June climbed 6.1-7.4 yen. The Feb 2007 contract expired quietly, drawing a final settlement price of 258.5 yen, down 0.3 yen from the previous day. Rubber futures turned sharply higher on short covering and bull buying. Sentiment slightly weakened after the opening as long liquidation and selling on rallies spread. But buying became active again in the afternoon.
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zhuge_liang Supreme	22-Feb-2007 10:21        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures could spike up on news that insurgents set fire to Thailands largest rubber warehouse. As far as I know, it's still burning.
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zhuge_liang Supreme	21-Feb-2007 23:44        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on the Tokyo Commodity Exchange lost further ground Wednesday with the benchmark, most distant contract sinking to a new listing-to-date low. The most active July 2007 contract settled at 271 yen per kilogram, down 7.1 yen from Tuesday, after trading in a broad range of 267.1 yen to 281.5 yen. The February 2007 contract, due to expire Thursday, fell 5.0 yen to 258.8 yen. The remaining 4 contracts sank 6.5-7.7 yen. Rubber futures opened lower on liquidation by buyers including those carrying losses following Tuesday's limit declines. Buying was held in check by weakness in oil and gold futures. Prices briefly swung back to plus territory early in the afternoon amid short covering and bargain hunting. But selling became active again toward the close.
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zhuge_liang Supreme	21-Feb-2007 00:53        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Natural rubber prices, which surged to records last year, may fall later this year as car production growth slows in China, the world's biggest consumer of the commodity, Jingyi Futures Co. said. Rubber may also trend lower as trees in expanded plantation areas mature, causing production to peak by 2008, Feng Zhengyu, rubber analyst at the China-wide brokerage firm, said in a report released on Jan. 23. China's automobile production has almost doubled in the last 2 years to meet rising demand in the world's fastest-growing major economy and second-largest vehicle market. A government clampdown on vehicle production capacity and exports will slow rubber consumption growth to about 10% from about 13% last year, Feng said. "There is no reason to be over-bullish on rubber," Feng said by phone on Feb 2. "The explosive growth in China's appetite for rubber is over, and we will be in a period when supply slightly outstrips demand, though both growing, barring unforeseen weather." Benchmark rubber futures on the Tokyo Commodity Exchange rose to 324.5 yen a kilogram on June 13, the highest since 1979, for the most active contract. It traded at 278.1 yen today. Prices in Shanghai peaked at 28,755 yuan a metric ton on May 29. Prices in China should stabilize below 22,000 yuan a ton, Feng said. He declined to forecast international prices. "It has a lot to do with speculators' sentiment for all commodities, which is impossible to forecast," Feng said. The commodity, which reached a low of 187.3 yen on Nov. 24 in Tokyo, recovered after Chinese buyers stepped up overseas purchases as the domestic production season ended, Feng said. "Supply may be tight before we enter May, when the production season resumes, but demand is another story." China is the world's biggest importer and consumer of natural and synthetic rubber. It imported 1.6 million tons of natural rubber last year, 15% more than 2005, the Jingyi report said, citing customs data. Vehicle production in China rose over 27% in 2006 to 7.3 m units, Jingyi said in the report citing the China Association of Automobile Manufacturers. This is unsustainable and has raised alarm bells in the government, Jingyi said. The National Development and Reform Commission included the auto sector in 11 industries it said required macro tightening. "Planned production capacity for the automobile industry in 2010 has largely surpassed the demand projection," the commission, China's top economic planning agency, said on Dec. 26. "The government at all levels and the companies should control capacity expansion." Production growth has prompted producers to seek overseas markets, Jingyi's report said. Export of cars and trucks rose 89% in the first 11 months of 2006 to about 300,000 vehicles, according to customs data. The government, concerned by inefficient use of resources and increasing trade friction with other countries, has begun to regulate exports. Starting this year, the Ministry of commerce said it would use a permit-based system to regulate car exports. "Given rubber comes mostly through imports, and it's vital to auto-making, we believe the government can quite successfully control the growth of the industry," Feng said. World rubber production will begin to surge later this year, Jingyi's report said. After rubber prices first rose in 2001, Thailand increased its plantation area by about 16,500 acres a year, while Indonesia, another top producer, boosted output by about 10% a year for the last two years. "Trees typically take 5-8 years to mature and be ready to be tapped, so we should see the first surge of production increase later this year and next year,'' Feng said. Vietnam has overtaken China to become the world's 4th largest producer, with exports rising 31% last year to 660,000 tons, most of which were shipped to China, he said. Vietnam's January exports surged 12.6% to 65,000 tons, according to the country's official statistics. "Rubber-tapping is very labour-intensive, and Vietnam has plenty of cheap labour, the right climate and plenty of land, so it's got huge potential," Feng said.
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zhuge_liang Supreme	20-Feb-2007 19:03        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures fell 3.5% on Tuesday, dropping the daily 10-yen limit as a fall in oil prices spurred profit taking and stop-loss selling. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery settled at 278.1 yen, down 10 yen from Thursday's close. "Players sold heavily after prices fell below the closely watched level of 280 yen," a Japanese dealer said. "Prices fell quite low and it seemed like funds had joined the sale. They needed to stop losses," he said. A rise of crude oil prices had pushed the contract as high as 292.3 yen on Monday, but oil fell below US$59 a barrel late on Monday due to expectations of warmer weather in the United States, the world's biggest consumer. However, dealers expected TOCOM prices to rebound if they held above 270 yen as rubber prices were still supported by falling supply during wintering season in producing countries. Technical charts showed some improvement after futures prices stopped falling late last week above this month's low of 272.3 yen, analysts said. Physical prices dropped in line with TOCOM. "Most physical trade is off, so we have nothing to focus on except the TOCOM trend," a trader in Thailand's Hat Yai rubber centre said.
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zhuge_liang Supreme	20-Feb-2007 01:39        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures ended higher in volatile trade on Monday as supply worries and a rise in oil prices fuelled buying interest, but gains were limited. The benchmark rubber contract on Tokyo Commodity Exchange for July delivery settled at 288.1 yen ($2.42) per kg, up 2.1 yen from Friday's close. It rose as high as 292.3 yen, the highest since Feb. 14, but failed to test key resistance at 300 yen despite support from higher oil prices, dealers said. "Players feared that the market could be bearish for the whole week, tracking the thin physical trade, so they cashed in profit as quick as they could," a dealer in Tokyo said. Dealers said they did not expect TOCOM prices to fall sharply, seeing strong support at 285 yen, backed by supply worries about seasonal falls in rubber latex supply in producing countries. On the physical front, trading would be dulled this week by Lunar New Year holidays in many parts of Asia. While markets in Tokyo were open as usual, Chinese businesses, including dealers in Singapore and Malaysia, were closed on Monday to celebrate the Lunar New Year holiday.
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zhuge_liang Supreme	19-Feb-2007 12:35        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures rebounded nearly 2% on Monday as crude oil prices rose and worries about a seasonal fall in rubber supply lingered. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery ended the morning session at 291.2 yen per kg, up 1.8%. It rose as high as 292.3 yen, the highest since Feb. 14, and was likely to rise to test the closely watched level of 300 yen, dealers said. A rise of crude oil prices is seen as curbing output of synthetic rubber, a plus for natural rubber, while Thailand, the world's top producer, is in the wintering dry season, when latex output falls. Crude oil jumped more than 2% on Friday to above US$59 a barrel after a U.S. warning about possible new attacks by militants in Nigeria, Africa's top oil producer. Analysts said TOCOM technical charts showed some improvement after the benchmark contract stopped falling last week above this month's low of 272.3 yen. However, trading would be dulled this week by Lunar New Year holidays in many parts of Asia. Physical trade was very quiet with China, the world's biggest rubber buyer, taking a week-long holiday. However, some Chinese businesses in Singapore and Malaysia were expected to reopen their offices on Wednesday, traders said.
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zhuge_liang Supreme	16-Feb-2007 21:22        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Rubber futures on the Tokyo Commodity Exchange turned upward slightly Friday, wiping out the early losses on repurchases toward the end of the session. The most active July 2007 contract ended at 286 yen per kg, up 1.8 yen from the previous day, after trading in a range of 275.2 yen to 287.5 yen. A daily price fluctuation range for rubber futures will be returned to the normal width of 10 yen from 15 yen as from Monday. Rubber futures opened broadly lower on liquidation by loss-carrying buyers and bears' selling after Thursday's steep declines. Prices fell further after that as buying was held in check by declines in oil and precious metals futures on the back of the yen's strength on exchange markets. Sentiment improved in late trading, however, as buybacks became active before the weekend.
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alpha23 Member	16-Feb-2007 12:43        alpha23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks zhuge_liang.. another quiet day for gmg.. happy cny to all~
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zhuge_liang Supreme	16-Feb-2007 12:31        zhuge_liang About Contact  Quote this Post!
x 1   x 1  Alert Admin	Tokyo rubber futures fell for the third straight day to a one-week low on Friday as a stronger yen continued to spur sales of yen-based commodities, although sentiment remained bullish due to supply concerns. The most distant key Tokyo Commodity Exchange rubber contract for July delivery fell as low as 275.2 yen a kg, the lowest since Feb. 6, a day after falling by its daily 10-yen limit. It ended the morning session at 277.7 yen per kg, down 2.3% from the previous day's close. July TOCOM rubber has fallen about 7% since reaching a seven-month high of 298.7 yen on Wednesday. "Rubber suffered due to a stronger yen," said Takashi Ogura, head of Kanetsu Asset Management's risk management section. "But I don't think sentiment for rubber has turned totally bearish. I'm sure it will find support soon." TOCOM rubber was also under pressure from speculation that huge deliveries of physical rubber would be made when the spot February contract expires on Feb. 22, Ogura said. The benchmark contract has fallen below the 14-day MA of around 286 yen. Traders are now watching whether the key contract can hold above 272.3 yen, this month's low reached on Feb. 6. TOCOM widened the daily trading limit to 15 yen from Friday. TOCOM rubber and other commodities, such as gold, were under pressure from the yen's surge after Japan announced stronger-than-expected economic growth data this week. On Friday, the dollar was quoted at 119.50/53 yen a day after dipping to a one-month low of 119.17 yen. On the physical front, rubber prices were lower, tracking TOCOM. Sentiment was bearish on the eve of the Lunar New Year, with Singapore, the region's main rubber trading centre, open for only half a day, traders said.
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