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Nostradamus Supreme	12-Oct-2006 00:40        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures fell to a near three-week low as funds fled the market. The benchmark March 2007 contract dropped 2.4%. "Funds sold contracts, trying to get away from lacklustre commodity futures markets," a Singapore-based trader said. "Sentiment was poor as speculators took short sale positions, hammering prices lower," another trader said. Steady crude oil prices also prevented rubber from rising, traders said. TOCOM prices were expected to drop futher to test support around 200 yen per kg, near the lowest level the benchmark contract has plumbed this year, traders said. "If it broke 200 yen, it could go lower," a Tokyo-based dealer said. Physical prices were not expected to fall significantly as more rain in Thailand and Indonesia's Sumatra island, the world's top rubber producers, was expected to support prices. Thailand has suffered flash floods in the north and central regions and the rain is moving south towards the main rubber producing region.
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shplayer Elite	10-Oct-2006 07:38        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	cashiertan, see my post of 9 Oct on GMG under 'Hidden Gem'.
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cashiertan Elite	10-Oct-2006 01:22        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	price looking to go up soon. will accumulate now if i still have funds for it.
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Nostradamus Supreme	10-Oct-2006 00:29        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Physical rubber prices improved. The new financial year brought much cheer to the producing sector as all major grades including latex gained on fresh buying and short covering. The covering groups turned active once again, expecting the market to firm up further in the week ahead.
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Nostradamus Supreme	06-Oct-2006 11:24        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Global consumption of natural and synthetic rubber will rise around 3% in 2007, about the same rate as in 2006, as firm demand from main buyers helps offset volatile prices, an industry official said. "It's roughly stable. On average, it's about 3 and 3.5%," said Hidde Smit, secretary-general of the International Rubber Study Group, told Reuters on the sidelines of a conference. The IRSG has said global consumption of natural and synthetic rubber was expected to increase to 21.5m tonnes in 2006 from 20.7m tonnes last year. The price of Thai rubber hit an all-time high of 102 baht a kg in late May when unusually wet weather disrupted tapping and reduced supply in the world's largest producer. But the price has since fallen to around 60 baht as supply improves. Thailand, Indonesia and Malaysia account for around 75% of global production. "The lower price nowadays will definitely have an effect on production in these countries, although it's still high enough to tap rubber. So that's no problem," said Smit. "But it may have an effect on replanting. People say okay, it's lower now, it's time to replant rather than replant last year when the price was very high," he said. Some countries in Southeast Asia such as Vietnam, the Philippines and Cambodia may emerge as main rubber producers in the future but Smit said growing supply was not a cause of concern. "I think there's still a shortage for the coming 10 years, at least. Maybe a million tonnes or so on an annual basis," said Smit, referring to natural rubber supply. The London-based IRSG said this week global demand for natural rubber fell nearly 2% to 4.48m tonnes in the first half of 2006 from a year ago because of high prices but demand from main consumer China was seen recovering. Chinese customs data showed China imported 1.02m tonnes of natural rubber in January to August this year, an increase of 19.7% yoy. The IRSG said global production rose 2.9% to 4.43m tonnes from January to June this year compared with 4.30m tonnes at the same period in 2005. Exports rose 3.4% to 3.27m tonnes in the first half of this year, aided by increased shipments from Malaysia, Indonesia and Vietnam. China, the world's main rubber buyer, was expected to consume 3.8m tonnes of natural and synthetic rubber in 2006 from 3.6m in 2005, according to the China Rubber Industry Association.
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Nostradamus Supreme	06-Oct-2006 11:18        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	You're welcome, allantanhc. You're correct about Wilmar.
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allantanhc Veteran	05-Oct-2006 22:35        allantanhc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks, Nostradamus, for your advice, Appreciated.    I guess the same will apply to Wilmar as well? It is better to wait and see than to enter now.
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Nostradamus Supreme	05-Oct-2006 22:27        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi allantanhc, Oil and rubber prices have been falling. They're not in the stock's favour. I think there's some more downside.
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shplayer Elite	05-Oct-2006 16:14        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	In this Bull Market, players are not focused on this penny stock. Rubber prices have been firming and beginning to uptrend in the past couple of weeks. Despite this, GMG prices is still downtrending. Personaly I think there is value at current price...but one has to be patient ad this counter only makes half yearly financial reports. The next announcement is FYE 31 DEc 2006.
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allantanhc Veteran	05-Oct-2006 14:21        allantanhc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, Nostradamus,      This counter seems to be a laggard. In your view, what is the fair value of GMG? Your advice is much appreciated.
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Nostradamus Supreme	05-Oct-2006 12:48        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Global demand for natural rubber fell nearly 2% to 4.48m tonnes in the first half of 2006 from a year ago but China's strong appetite should continue to offer support, a senior industry official said on Wednesday. "As far as official imports are concerned, Chinese imports were quite weak in the first quarter...growth was in single digits," said Darren Cooper, senior statistician with the International Rubber Study Group. "But the signs are that imports have recovered strongly in the second quarter and into the third quarter, and that would naturally provide some kind of boost to the global market in terms of growth," he told Reuters from London. China, the world's main rubber buyer, was expected to consume 3.8m tonnes of natural and synthetic rubber in 2006 from 3.6m in 2005, according to the China Rubber Industry Association. The IRSG said global production rose 2.9% to 4.43 million tonnes from January to June compared with 4.30 million tonnes at the same period in 2005. Exports rose 3.4% to 3.27 million tonnes in the first half of this year, aided by increased shipments from Malaysia, Indonesia and Vietnam. Thailand, Indonesia and Malaysia account for around 75% of global production. "Indonesian and Malaysian exporters have benefited from the continuous shift away from RSS to TSR imports on the part of major consumers, particularly China," said Cooper. "The shift is marked with official statistics showing that TSR takes a 70% share of all imports of natural rubber into China," said Cooper, referring to Technically Specified Rubber grade. The IRSG has said China used 4.6 million tonnes of natural and synthetic rubber in 2005, followed by the United States with 3.1 million tonnes and Japan with about 2 million tonnes. "The major change in our natural rubber numbers was due to a revision to Chinese natural rubber numbers due to Vietnamese cross-border shipments, which are not picked up China General Administration for Customs," said Cooper. "This trade which is not picked up by customs data serves merely to make the Chinese market larger than official data might suggest," he said. Chinese customs data showed China imported 1.02m tonnes of natural rubber in January to August this year, an increase of 19.7% yoy. World rubber prices have risen steadily in the last five years and the main producers are struggling to increase supply to meet rising demand, especially from China, which consumed 21% of global rubber output last year. The price of natural rubber has risen more than 300% since 2001 and the three main producers are cashing in on soaring demand, said dealers. "Certaintly, Chinese imports have risen very strongly and into the third quarter, and this should aid further growth in consumption, which we see as having recovered in recent months"
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Nostradamus Supreme	29-Sep-2006 17:08        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Trade remained sluggish and dealers said Chinese buyers were not expected to return to the market until after their national day holiday week starting on Oct. 1.
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Nostradamus Supreme	27-Sep-2006 17:21        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unusually heavy rain in Thailand's south, which produces around 90% of the country's rubber, was expected to continue to restrict tapping and support raw materials prices, traders said. "It's bad, it's bad, it is non-stop rain," a dealer in the southern Thai town of Surat Thani said. "Now, we have had 10 days of complete washout. "We do not have even one drop of latex. From Phuket right up to Ranong and parts of Surat Thani, everything is affected by a tropical storm in the Andaman Sea," another Thai dealer said. However, the weather was good in Indonesia, the world's second-largest exporter of rubber, and raw materials supply were offered there at 16,000 rupiah per kg, dealers said.
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Nostradamus Supreme	26-Sep-2006 23:23        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Natural rubber output from main producers Thailand, Indonesia and Malaysia is likely to increase 4.8% in 2006 because of good weather and better prices, a senior industry official said on Tuesday. The three nations, which account for around 70 percent of global production, will churn out 6.6 million tonnes of rubber this year from 6.3 million tonnes in 2005, said Quah Swee Kheng, secretary general of ASEAN Rubber Business Council "People are beginning to tap plantations which were left untapped because of higher prices. Weather has also been very helpful," he told Reuters in an interview. The price of natural rubber has risen more than 300% since 2001 and the three main producers are cashing in on soaring demand, especially from China, said dealers. Thailand, the world's largest producer, is likely to produce around 3.0 million tonnes in 2006 from from 2.937 tonnes a year ago, said Quah. Neighbouring Indonesia will produce 2.4 million tonnes from 2.27 million tonnes while output from Malaysia is forecast to reach 1.2 million tonnes from 1.126 million tonnes in 2005, he said. But Quah said supply would remain tight in Thailand and Malaysia in the next few weeks because of persistent rains, while in Indonesia, wintering curbed the outflow of latex. He also said the council was concerned about the failure of some buyers to honour the contracts, which resulted in delays in both shipments and payments. "The prices have been so volatile that some contracts are signed in the morning and terminated in the evening. We don't want this to happen," Quah said. The market has been abuzz with talk that some Chinese buyers might have defaulted on contracts in which they paid up to $0.80 U.S. cents per kg more than the current market price, dealers said, adding that the defaults affected many Thai shippers. Quah said council members have been asked to settle their disputes with buyers within a month and file reports on the quantities of rubber which have been hit by defaults. "Then we can gauge the extent of the problem, but we are allowing them to first settle their disputes. We will try to put up a list to rate buyers according to the contract performance," he said without giving further details. ASEAN Rubber Business Council groups trade and industry organisations from Thailand, Indonesia, Malaysia, Vietnam, Cambodia and Singapore.
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Nostradamus Supreme	26-Sep-2006 19:36        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Thailand, the world's top rubber producer, expects output to drop in the near term as the wet season is starting in the south, its main growing area, traders and officials said. Unusual rain in the south, which produces 90% of Thailand's rubber, has already disrupted tapping, cut supply and boosted the price this week. "Not only is the rainy season expected, a tropical storm in the Andaman Sea is also affecting production," a dealer in the southern town of Phang Nga said. The rainy season in southern Thailand usually begins in early Oct and lasts through to mid-Dec. It curbs tapping and cuts supply by as much as 50%. Traders said it was not easy to predict price trends in the short term as several factors were involved. "Rain might help support prices. But these days, it is not only about a supply-demand factor anymore," a trader in the southern town of Hat Yai said. "TOCOM is also a key factor," he said referring to the Tokyo Commodity Exchange, the trend setter for global rubber prices which dropped to a 9-month low on Monday before bouncing back on Tuesday on short covering. Traders said overseas buyers might rush into the market before the wet season starts. "Give it a week, then you should see everybody is rushing in," a trader said. "Especially the Chinese buyers. They did not buy much during August and September. They will rush into the market soon." China is the world's largest consumer of rubber. Its key suppliers are Thailand, Indonesia and Malaysia. Traders said separatist violence in the three far south provinces could also keep a lid on supply in the areas, which produce about 10% of Thailand's rubber. Last year, a combination of drought and violence cut output in Thailand, where 6m people work in the rubber business, to 2.93m tonnes from 2.97m tonnes in 2004. Thailand is expected to produce around 3m tonnes of rubber this year. Thailand, which sell most of its rubber to Japan, China and the US, produces around 3m tonnes of natural rubber a year.
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Nostradamus Supreme	25-Sep-2006 23:30        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	World rubber prices have risen sharply in the last five years but the contract was launched just as prices have taken a sharp fall and are now off more than 8% on the year. "We have approved 73 factories from all these three countries that will be deliverable against our contract. We have already embraced them," said Chong Kim Seng, the exchange's managing director.
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Nostradamus Supreme	25-Sep-2006 18:25        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	JADE intends to launch a crude palm oil futures contract in the fourth quarter of this year. CBOT executive vice president Christopher Malo said JADE will eventually move into trading other futures contracts such as energy futures and metals.
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Nostradamus Supreme	25-Sep-2006 11:26        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Singapore-based, all-electronic venture trades natural rubber grade called Technically Specified Rubber 20 or TSR20.  The February contract started trading at $1.725 a kg and hit a low of $1.720. Volume was four contracts by 0255 GMT. A contract equals 20 tonnes. "This is just the start," Christopher Malo, executive vice president of the CBOT, told Reuters after the launch. "There's a lot of work still to be done to educate people.... Commercial users are not utilising this hedge vehicle in mechanism as effectively as they could and that's the opportunity for JADE," he said. Malo said the new exchange was not aimed at taking away participants from the Singapore Commodity Exchange and Tokyo Commodity Exchange, which offers rubber futures. "We have been in dialogue with SICOM from the very beginning," he said. "We continue the dialogues to find the way for our two exchanges to work together to ensure that Singapore remains the single trading hub for trading rubber globally, and we share that objective," he said without elaborating.
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Nostradamus Supreme	25-Sep-2006 11:08        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	The Joint Asian Derivatives Exchange (JADE), a joint venture between the Chicago Board of Trade and the Singapore Exchange , started trading today with the launch of a rubber futures contract. The Singapore-based, all-electronic venture will trade natural rubber grade called Technically Specified Rubber 20 or TSR20 . JADE's contracts are for delivery at Singapore points on a free-on-board basis and are priced in U.S. cents per kg. Trading hours are from 9 a.m. to 6 p.m. Singapore time.  CBOT is banking on the idea that JADE will attract market participants from the Asian rubber industry away from the Singapore Commodity Exchange and Tokyo Commodity Exchange that currently offer rubber futures. About 75% of the world's rubber, used to make tyres and other products like gloves, is produced in Thailand, Indonesia and Thailand. JADE also plans to launch a crude palm oil futures contract by the fourth quarter of 2006.
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Nostradamus Supreme	19-Sep-2006 17:09        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Japanese rubber futures rose on a technical rebound and concerns about supply in rain-hit Southeast Asia. The benchmark contract hit an 8-month low of 213 yen per kg earlier this month when declines in crude oil prices sparked selling. "Technically, prices rebounded after hitting the lowest level," a dealer said. But dealers said market players may take profit when the price hits 240-242 yen per kg. In the physical market, raw materials were offered at slightly higher prices due to concerns about supply from rain in some areas of southern Thailand, the country's major producing area. "Everybody believes China's stock is quite high right now and Chinese buyers will hold back from buying," another trader said.
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