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GMG CHIONG tomoro -Flash floods hit southern Thail
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ShareWithMe
Veteran |
22-Dec-2010 11:26
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Why suddenly drop so much ? now 0.28 ?!? OMG | ||||
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watercrests
Member |
22-Dec-2010 11:25
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wah lau...... 0.275 now!!! | ||||
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kiasiDBT
Veteran |
22-Dec-2010 10:27
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GMG Global Ltd refers to reports on the recent Ivory Coast situation and would like to inform shareholders and the investing public that although our production facilities have not been affected, there have been delays in the shipment of our products out of Ivory Coast. The Directors do not expect the delays in shipment to have a material impact on the Group’s financials for the year ending 31 December 2010. |
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calculus1985
Senior |
22-Dec-2010 00:51
Yells: "lollymotion dot com" |
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GMG continue to look bearish read my analysis on GMG |
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kiasiDBT
Veteran |
22-Dec-2010 00:25
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Rubber Price Rallies to Record High On Tire Demand, Supply Disruptions Aya Takada & Supunnabul Suwannakij | December 21, 2010 Rubber futures climbed to a record, taking gains this year to 50 percent, on speculation that rising tire demand and supply disruptions may worsen a shortage. May-delivery rubber advanced as much as 1.2 percent to 413.8 yen per kilogram ($4,944 per metric ton) on the Tokyo Commodity Exchange before settling at 413.1 yen. This year’s jump extends 2009’s rally, when prices more than doubled. Auto sales in China may surpass the US for a third straight year in 2011 as the world’s largest carmakers — Toyota Motor Corp., General Motors Co. and Volkswagen AG — estimate sales will grow by as much as 15 percent. In Thailand, the northeast monsoon will likely bring rains to southern provinces in late December, while heavy rains are expected across Indonesia, according to local meteorological offices. “ Fundamentally, rubber will likely extend rallies,” said Varut Rungkhum, an analyst at commodity broker Agro Wealth Ltd. in Bangkok. There are “worries over a supply shortage as rains may continue until early next year when the low-production period kicks in,” Varut said. The Thai cash price rose 1.7 percent to 146.55 baht ($4.86) per kilo today, according to the Rubber Research Institute of Thailand. The gain was fueled by demand ahead of the holidays, while supplies from Thailand, Indonesia and Malaysia are inadequate, the institute said on its Web site. Production in Thailand, the world’s biggest grower, may plunge 28 percent in the three months to Dec. 31 from a year ago as a La Nina weather pattern causes unusually heavy rain in the south, the Association of Natural Rubber Producing Countries said. Southern provinces account for 80 percent of Thai output. Auto sales in China may reach 20 million units next year, according to Booz & Co. and Nomura Holdings Inc. analysts. GM, the biggest foreign automaker in China, expects sales to grow as much as 15 percent, China President Kevin Wale said on Monday. Volkswagen, Europe’s largest carmaker, projects China’s markets will rise 10 to 15 percent, according to Soh Weiming, the company’s local executive president. Auto demand in China may grow even as it ends incentives this month that helped boost sales 34 percent to 16.4 million through November. US light vehicle sales may reach 12.8 million units, said Ashvin Chotai, managing director of consultants Intelligence Asia Automotive. Rubber was “also supported by high crude oil prices,” said Ker Chung Yang, an analyst at Phillip Futures Pte. in Singapore. Costlier crude can boost natural rubber prices as the synthetic product is made from naphtha. Crude oil traded near the highest level in two weeks on speculation that US economic growth will accelerate next year. Crude for February delivery rose as high as $89.77 per barrel in New York from $88.81 on Monday. May-delivery rubber in Shanghai gained as much as 1.2 percent to 37,760 yuan ($5,669) per ton before closing at 37,685 yuan. The contract climbed to a record 38,920 yuan on Nov. 11. Bloomberg http://www.thejakartaglobe.com/business/rubber-price-rallies-to-record-high-on-tire-demand-supply-disruptions/413000 |
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kiasiDBT
Veteran |
21-Dec-2010 22:54
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Commodity Outlook for Rubber by KediaCommodity Submitted by Ajay Kumar Kedia on Tue, 12/21/2010 - Rubber yesterday traded with the positive node and settled 1.8% up at 21245 as rain curbed output in Thailand, the top exporter, and on speculation China may delay raising interest rates, helping demand. The cash Thai price surged to an all-time high. Persistent rains across Thailand, Indonesia and Malaysia, the top three producers, have disrupted tapping and lowered output as rising car sales in China and India boost demand. Unfavorable weather conditions prompted buyers from China, India and Japan to accelerate purchases to secure supplies. In yesterday's trading session Rubber has touched the low of 21025 after opening at 20940, and finally settled at 21245. For today's session market is looking to take support at 21098, a break below could see a test of 20951 and where as resistance is now likely to be seen at 21319, a move above could see prices testing 21393 |
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kiasiDBT
Veteran |
21-Dec-2010 22:46
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Dun throw smoke grenade leh... 
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kiasiDBT
Veteran |
21-Dec-2010 22:44
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Walau... .... u call this H&S arh.... sure or not, got such thing as head about same level as shoulder meh...
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Bintang
Elite |
21-Dec-2010 20:27
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GMG is at the neckline of the H&S pattern today , breaking the neckline with big volume would fall to 24.5 cents . | ||||
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Hulumas
Supreme |
21-Dec-2010 19:46
Yells: "INVEST but not TRADE please!" |
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No matter how, I keep buying!
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kiasiDBT
Veteran |
21-Dec-2010 16:38
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On n off, there were big buy-ups at 0.305, keep fingers crossed tat it close at least 0.305, a white candle
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watercrests
Member |
21-Dec-2010 16:29
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Looks like stay @ 0.30 most of the time leh... sianzzzzz...
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kiasiDBT
Veteran |
21-Dec-2010 15:58
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Green shoots of reversal upward seems appearing liow....
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kiasiDBT
Veteran |
20-Dec-2010 09:32
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http://biz.thestar.com.my/news/story.asp?file=/2010/12/20/business/7651355&sec=business Rubber market may continue uptrend this week KUALA LUMPUR: The Malaysia rubber market is expected to continue its uptrend this week as tight supplies globally and the on-going wet weather continue to weigh on prices. Tyre-grade SMR 20 is expected to touch 1,450.0 sen per kg this week, a dealer said, adding that the undertone of the market was still intact.The fundamentals are very strong due to the wet weather in rubber producing countries like Malaysia, Indonesia and Thailand, said a dealer. He said the strong fundamentals are likely to continue until the first quarter of next year as supplies continue to be in short supply. Malaysian rubber prices ended the week higher with the unofficial SMR 20 hitting an all-time high of 1,440.5 sen per kg, up 48 sen from 1,392.5 sen per kg last Friday. Latex-in-bulk increased 24.5 sen to 962.0 sen per kg from 937.5 sen per kg previously. The Malaysian Rubber Board official physical price for tyre grade SMR 20 jumped 44.5 sen higher at 1,432.5 sen per kg, from 1,388.0 sen per kg, last Friday while latex-in-bulk rose 26.5 sen to 959.5 sen per kg from 933.0 sen per kg previously. - Bernama |
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kiasiDBT
Veteran |
19-Dec-2010 23:15
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From Biz Times Sunday, Dec 19, 2010 http://www.btimes.com.my/Current_News/BTIMES/articles/20101218142514/Article/index_html Rubber prices set to continue uptrend The Malaysia rubber market is expected to continue its uptrend next week as tight supplies globally and the on-going wet weather continue to weigh on prices. Tyre-grade SMR 20 is expected to touch 1,450.0 sen per kg next week, a dealer said, adding that the undertone of the market was still intact. "The fundamentals are very strong due to the wet weather in rubber producing countries like Malaysia, Indonesia and Thailand," said a dealer. He said the strong fundamentals are likely to continue until the first quarter of next year as supplies continue to be in short supply. Malaysian rubber prices ended the week higher with the unofficial SMR 20 hitting an all-time high of 1,440.5 sen per kg, up 48 sen from 1,392.5 sen per kg last Friday. Latex-in-bulk increased 24.5 sen to 962.0 sen per kg from 937.5 sen per kg previously. The Malaysian Rubber Board official physical price for tyre grade SMR 20 jumped 44.5 sen higher at 1,432.5 sen per kg, from 1,388.0 sen per kg, last Friday while latex-in-bulk rose 26.5 sen to 959.5 sen per kg from 933.0 sen per kg previously. -- Bernama |
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kiasiDBT
Veteran |
17-Dec-2010 17:57
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Ivory Coast is juz a a knee-jerk temporary reaction, no big issue lah, read : "Incumbent Gbagbo ready to 'talk' with election rival Ouattara " http://www.france24.com/en/20101210-laurent-gbagbo-dismisses-civil-war-over-disputed-elections-ivory-coast-ouattara
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kiasiDBT
Veteran |
17-Dec-2010 17:55
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Rising rubber prices hit India buying Published on: December 17 2010 09:30 GMT MUMBAI (Commodity Online) : Global rubber prices may continue to soar in 2011 as the gap between demand and supply is widening. Thailand the biggest exporter of rubber may may witness fall in output on adverse weather. The domestic users of natural rubber in India will have to face another year of tight supply. India is one of the top importers of natural rubber in the world. India, the second top consumer and fourth largest producer of natural rubber in the world, is bedeviled by a widening supply squeeze in the last two years and industry experts see no early respite on this front. As a result, prices of natural rubber, which rose to record high of Rs 203-205 a kg in 2010, would stay high and the rising trend is likely to continue through most of the New Year. But any move by the government to slice import duties on natural rubber could alter the situation, trade officials said. Similarly, prices of crude oil would also leave its imprint on rubber prices. Prices of natural rubber and crude oil have a co-relation as synthetic rubber, a replacement for natural rubber, depends on the price of crude oil. Crude oil prices have risen to around $90 a barrel, and are expected to remain firm as demand expands. India’s natural rubber output in 2011 is projected to move up 4.3 per cent to 890,000 tonnes, while demand may rise five per cent to 1 million tonnes from 952,000 tonnes, according to initial estimates made by the Jakarta-based Association of Natural Rubber Producing Countries. According to the association, demand and supply gap next year should be near 110,000 tonnes. Trade and industry, however, expect the gap to be wider at 150,000 tonnes. The tyre industry, the main consumer of natural rubber, is not optimistic of any major relief in rubber prices in the year ahead. “I don’t see any major shifts in rubber price at least till the first half of 2011,” said Rajiv Budhraja, secretary general, Automotive Tyre Manufacturers Association. Prices are likely to hover around high levels of Rs 200 a kg in the year ahead, said N Radhakrishnan, president, Cochin Rubber Merchants’ Association. According to the present scenario, a major downtrend in price is likely only in the event of a sharp demand crunch, he pointed out. “The chances of such developments are remote,” he added. But Radhakrishnan said the rate of increase in price would be limited in 2011 compared with 2010. “We may not see an increase of 80-90 per cent on year as happened this year,” he added. The central government’s response to demands for cutting import duty on natural rubber to 7.5 per cent from 20 per cent is one factor likely to impact prices early next year. Delhi High Court has asked the central government to file its response to a series of petitions filed by industry bodies in this regard. The case is posted for hearing on February 10. Rubber prices staying around Rs 200 a kg during the peak production season is a matter of concern, Budhraja said adding that the situation could deteriorate in the lean months. Trade is also sceptical about projections of increased output by official agencies such as the Rubber Board. “We are not convinced by the optimistic projections of increase in output,” said Budhraja. Rubber Board projects an increase in output in the beginning of the year, but then makes downward revision towards the end of the year, he said. This has been happening during the last two years, he added. In 2009-10, the board had initially projected output at over 850,000 tonnes but later on scaled it down to 831,400 tonnes, a decline of 3.8 per cent on year. According to G Mohanachandran, joint director, Rubber Board, production is expected to be higher on year with the tapping area likely to increase by nearly 11,000 hectares in 2011 as trees planted in 2003-04 have reached maturity. Mohanachandran, however, admitted that the board would make a downward correction on its output and demand projection for 2010-11 (April-March), but did not give any reason. Rubber Board has currently projected output at 893,000 tonnes and demand at 978,000 tonnes. Apart from demand and supply situation, factors such as trends in Asian markets like Bangkok and Tokyo may also influence the price, traders said. The impact of climate change has left its impact on the rubber sector during the last two years. Unusually heavy rains or extreme dry climate has impacted rubber output in all major producing countries in South East Asia as well as India. |
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yummygd
Supreme |
17-Dec-2010 16:47
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ivory coast troubles sigh | ||||
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yummygd
Supreme |
17-Dec-2010 16:40
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which idiot sold so cheaply? if wanna sell sell cheaper la...0.28 COME ON!! hahahahahahahahahahahahahaha wait long long i know... | ||||
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kiasiDBT
Veteran |
17-Dec-2010 09:40
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Read my early post "Rubber prices climb on Thai weather speculations". I think today may suddenly reversal up any moment as last 3 days correction on extremely low and decreasing vol but nothing is 100% so trade at your own risk, decision yours. |
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