The natural rubber futures in Tokyo commodity exchange tumbled on Thursday, reflecting weak crude oil prices and a strong yen encouraged investors to step up selling of the industrial commodity needed to produce tyres.
Asian physical rubber prices were firm to slightly higher on Thursday supported by tight supply
fundamentals, which has helped shrug off the weakness in Tokyo rubber futures.
The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery went down by 12.4 yen, traded at 169 yen.
Rain in Thailand, the world's top rubber producer, has raised concerns about supply tightness, helping to support physical prices of the industrial commodity. The traders said that precipitation this year seemed heavier than usual.
In domestic market on Wednesday. RSS 4 moved down to Rs 84 from Rs 84.50 a kg on buyer resistance.
According to the Vietnam Rubber Association, the rubber price has been decreasing sharply as the oil price has been decreasing, prompting people to use artificial rubber. Moreover, the global financial crisis has affected the consumption of car tyres in developed countries.
Japanese stocks fell for a second day after a decline in crude oil prices to nearly a 20-month low. The Nikkei 225 Stock Average lost 113.79, or 1.3 percent, to close at 8,695.51 in Tokyo.
Oil hits 20-month low, price falls below $58, New York's light sweet crude on Wednesday finished at 56.16 dollars a barrel, down 3.17 dollars from its Tuesday close. In London, Brent North Sea crude slumped 3.34 dollars to settle at 52.37 dollars a barrel.
Gold prices regained some of its recent losses in the domestic market on Wednesday despite a fall in international markets.
Thursday, November 13, 2008
Friday, November 7, 2008
Rubber Extends Falls on Oil Slides
Natural rubber futures in Tokyo commodity exchange fell four percent on Friday, extending its fall into a third session as declines in oil prices fuelled concerns about demand for the industrial commodity.
Rubber prices often move in the line with oil prices as both markets are sensitive to demand from automobile users.
Trade in Tokyo rubber market remained directionless, with investors moving from one side to another mainly due to continued volatility in other financial markets.
The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery went down by 1.3 yen, traded at 177.6 yen.
Japan's benchmark Nikkei share average .N225 fell more than 6 percent on Friday.
In a report Business standard said that the rubber prices may soften more on production rise, the increased production may trouble the situation of rubber market since the domestic stock had risen to 144450 tonne by the end of this October from 104258 tonne during October last. For details…
On New York Mercantile Exchange, light sweet crude for December fell dropped 4.53 dollars a barrel to close 60.77 dollars, its lowest level since March 2007.
The international Energy Agency said Wednesday that it expected the price of oil to rebound above 100 dollars and eventually reach 200 dollars by 2030. In a report on global energy outlook, the agency said it predicted the price to average 100 dollars from 2008 to 2015.
Gold for December delivery fell $10.20 to end at $732.20 an ounce on NYMEX. Gold is now 27 percent lower than the record high above $1,000 hit in March.
Rubber prices often move in the line with oil prices as both markets are sensitive to demand from automobile users.
Trade in Tokyo rubber market remained directionless, with investors moving from one side to another mainly due to continued volatility in other financial markets.
The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery went down by 1.3 yen, traded at 177.6 yen.
Japan's benchmark Nikkei share average .N225 fell more than 6 percent on Friday.
In a report Business standard said that the rubber prices may soften more on production rise, the increased production may trouble the situation of rubber market since the domestic stock had risen to 144450 tonne by the end of this October from 104258 tonne during October last. For details…
On New York Mercantile Exchange, light sweet crude for December fell dropped 4.53 dollars a barrel to close 60.77 dollars, its lowest level since March 2007.
The international Energy Agency said Wednesday that it expected the price of oil to rebound above 100 dollars and eventually reach 200 dollars by 2030. In a report on global energy outlook, the agency said it predicted the price to average 100 dollars from 2008 to 2015.
Gold for December delivery fell $10.20 to end at $732.20 an ounce on NYMEX. Gold is now 27 percent lower than the record high above $1,000 hit in March.
Tuesday, October 28, 2008
Mixed Trend in Rubber
The rubber prices showed a mixed mood on Tuesday. The market appeared missing its direction as the domestic and international prices reached almost the same levels. Rubber RSS 4 moved down to Rs 89 from Rs 90 a kg on Monday.
The key Tokyo rubber futures rose on today in a technical rebound after demand worries spurred a sharp sell off over the previous two days.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 163 yen per kilogram, 3.8 yen up.
Japans’s largest automaker Toyota motor corporation said on Monday its global output fell 2.9% in September.
Tokyo benchmark Nikkie average fell one percent on Tuesday, a day after hitting a 26-year closing low.
In physical rubber market, prices firmed given reduced supply due to rains in the main producing region in Thailand.
The key Tokyo rubber futures rose on today in a technical rebound after demand worries spurred a sharp sell off over the previous two days.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 163 yen per kilogram, 3.8 yen up.
Japans’s largest automaker Toyota motor corporation said on Monday its global output fell 2.9% in September.
Tokyo benchmark Nikkie average fell one percent on Tuesday, a day after hitting a 26-year closing low.
In physical rubber market, prices firmed given reduced supply due to rains in the main producing region in Thailand.
Friday, October 17, 2008
Tokyo rubber recovers on oil price
Natural rubber futures in Tokyo commodity exchange rose three percent on Friday as rebound oil prices encouraged bargain-hunting. Yesterday Tokyo rubber futures fell as low as 159.3 yen, the lowest since july 2005 and more than 40% below the benchmark contract a month earlier, as plunging stocks, tightening credit and job cuts worldwide dimmed the outlook for car sales. Rubber is the main raw material for tires.
The global market for natural rubber is facing turbulence on reports of decreasing crude prices and global economic crisis, the Bangok market today quoted Rs 84.45 (-367) for the RSS 3 grade.
Chinese buyers have defaulted on more than 10,000 tonnes of rubber from south-east Asia after prices lost more than 30% in the past month on fears of global recession.
The out look of demand remains gloomy given slumping car sales around the globe. But main producing countries – Thailand, Indonesia and Malaysia are set to announce the results of their two-day meeting in Bangok to counter a collapse inprices later in the day.
Today’s business standard reports that the kerala’s economy is set to lose around Rs 1,600 crore due to recent erosion in prices of natural rubber. To read more…
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 164.1 yen per kilogram, 2 yen up.
The global market for natural rubber is facing turbulence on reports of decreasing crude prices and global economic crisis, the Bangok market today quoted Rs 84.45 (-367) for the RSS 3 grade.
Chinese buyers have defaulted on more than 10,000 tonnes of rubber from south-east Asia after prices lost more than 30% in the past month on fears of global recession.
The out look of demand remains gloomy given slumping car sales around the globe. But main producing countries – Thailand, Indonesia and Malaysia are set to announce the results of their two-day meeting in Bangok to counter a collapse inprices later in the day.
Today’s business standard reports that the kerala’s economy is set to lose around Rs 1,600 crore due to recent erosion in prices of natural rubber. To read more…
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 164.1 yen per kilogram, 2 yen up.
Tuesday, October 14, 2008
Rubber Market is Under Pressure
The rubber market remained under pressure as Japanese indices shows some mixed trend. During the morning session Tokyo rubber futures rose more than six percent as Japanese shares jumped amid hopes for an easing of the credit crisis and less fears over a recession, which would contain demand for the industrial commodity. The rubber market had fallen more than twenty percent over the past five days.
The world’s top three rubber producing countries, Thailand, Indonesia and Malaysia are scheduled to hold a two-day meeting from Thursday in Bangok to coordinate efforts to boost falling prices. The three southeast Asian countries produce some 80 percent of the world’s natural rubber input.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 191.5 yen per kilogram, 0.5 yen up.
The world’s top three rubber producing countries, Thailand, Indonesia and Malaysia are scheduled to hold a two-day meeting from Thursday in Bangok to coordinate efforts to boost falling prices. The three southeast Asian countries produce some 80 percent of the world’s natural rubber input.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 191.5 yen per kilogram, 0.5 yen up.
Wednesday, October 8, 2008
Rubber Declines to Rs 93
Natural rubber futures in Tokyo commodity exchange fell for the fifth consecutive day on Wednesday to the lowest since December 2006, on concern the global credit crisis is slowing economic growth and weakening demand for the commodity used to make tires.
Asian physical rubber prices tumbled today reflecting the sharp decline in Tokyo rubber futures, which have lost about eleven percent since last week, on concern that the economic downturn will depress demand.
On account of the words of Mr.N Radhakrishnan, the president of Cochin rubber merchants Association, the unprecedented fall in rubber spot prices during the last two weeks will lead to 7000 rubber traders losing a sum total of around Rs 70 crore.
The crash in prices following the plummeting of commodity prices globally has put traders in a disarray. The domestic prices which ruled at Rs 10 a kg higher than the rates in the global market are now quoting Rs 15 lower than the international market.
Depreciation in the price of crude oil is a major concern of the natural market as this in turn would cause a drop in the prices of synthetic rubber. The huge rise in the synthetic rubber prices for the last few months was a major factor for the sharp rise in price of natural rubber.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 206 yen per kilogram, 15.4 yen down.
Asian physical rubber prices tumbled today reflecting the sharp decline in Tokyo rubber futures, which have lost about eleven percent since last week, on concern that the economic downturn will depress demand.
On account of the words of Mr.N Radhakrishnan, the president of Cochin rubber merchants Association, the unprecedented fall in rubber spot prices during the last two weeks will lead to 7000 rubber traders losing a sum total of around Rs 70 crore.
The crash in prices following the plummeting of commodity prices globally has put traders in a disarray. The domestic prices which ruled at Rs 10 a kg higher than the rates in the global market are now quoting Rs 15 lower than the international market.
Depreciation in the price of crude oil is a major concern of the natural market as this in turn would cause a drop in the prices of synthetic rubber. The huge rise in the synthetic rubber prices for the last few months was a major factor for the sharp rise in price of natural rubber.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 206 yen per kilogram, 15.4 yen down.
Monday, October 6, 2008
Rubber Downtrend Continues
Rubber prices resumed the downtrend today. The prices fell on buyers resistance as the international indices were hit badly on heavy long liquidation.
Rubber futures in Tokyo commodity exchange edged down to a twenty one month low, on concern the global credit crisis is slowing economic growth and weakening demand for the raw material used to make car tires.
Sharp falls in Asian equities prices undermined sentiment in commodities, including rubber, as investors rushed to sell to avoid holding risk assets.
Asian physical rubber prices fell sharply on Monday, reflecting falls in Tokyo and China futures prices due to growing concerns over demand as the financial crisis hits the global economy. Most buyers were on the sidelines waiting for prices to fall further.
The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery went down by 16 yen, traded at 226.3 yen.
Rubber futures in Tokyo commodity exchange edged down to a twenty one month low, on concern the global credit crisis is slowing economic growth and weakening demand for the raw material used to make car tires.
Sharp falls in Asian equities prices undermined sentiment in commodities, including rubber, as investors rushed to sell to avoid holding risk assets.
Asian physical rubber prices fell sharply on Monday, reflecting falls in Tokyo and China futures prices due to growing concerns over demand as the financial crisis hits the global economy. Most buyers were on the sidelines waiting for prices to fall further.
The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery went down by 16 yen, traded at 226.3 yen.
Monday, September 29, 2008
Spot Rubber Drops below 123
The rubber prices continued to rule weak on Monday. Declines in international market hammered the domestic sentiments anr RSS 4 moved down to Rs. 123 from 125 a kg on week end. The domestic rubber prices ruled steady on Saturday. The market is moving towards lower levels prior to the peak production season. The Japanese rubber futures were under pressure, prices continued to fall.
Rubber futures in Tokyo commodity exchange fell more than one percent to a sixth month low on today, as bearish sentiments carried over from last week when prices fell on worries about weakening demand.
Asian physical rubber prices fell on Monday, pushed lower by a decline in Tokyo futures. Traders said the market was likely to be quiet this week as Chinese financial markets will be closed from September 29 to October 3 for the national day holiday.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 270 yen per kilogram, 6.4 yen down.
Rubber futures in Tokyo commodity exchange fell more than one percent to a sixth month low on today, as bearish sentiments carried over from last week when prices fell on worries about weakening demand.
Asian physical rubber prices fell on Monday, pushed lower by a decline in Tokyo futures. Traders said the market was likely to be quiet this week as Chinese financial markets will be closed from September 29 to October 3 for the national day holiday.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 270 yen per kilogram, 6.4 yen down.
Thursday, September 25, 2008
Rubber Drops further
The domestic rubber prices declined further today, RSS-4 moved down to 132 a kg at kottayam and kochi.
Favourable change in weather may kept the domestic market under pressure. There were improved selling from growers as weather turned more fovourable for tapping.
Rubber futures in Tokyo commodity exchange fell on Thursday, extending losses into a second session amid worries about weakening demand for the industrial commodity.
Weakness in oil prices weighed. U.S. crude CLc1 fell on Wednesday as concerns over the U.S. economy and sliding fuel demand outweighed hurricane-related supply disruptions that have pushed U.S. gasoline stockpiles to their lowest level since 1967
Asian physical rubber prices were lower on Thursday as growing concerns about global demand outweighed rain in Thailand that disrupted tapping. A fall in the Thai baht against dollar also undermined dollar-based rubber prices.
The benchmark rubber contract on the Tokyo Commodity Exchange for February delivery went down by 0.2 yen, traded at 289.9
Favourable change in weather may kept the domestic market under pressure. There were improved selling from growers as weather turned more fovourable for tapping.
Rubber futures in Tokyo commodity exchange fell on Thursday, extending losses into a second session amid worries about weakening demand for the industrial commodity.
Weakness in oil prices weighed. U.S. crude CLc1 fell on Wednesday as concerns over the U.S. economy and sliding fuel demand outweighed hurricane-related supply disruptions that have pushed U.S. gasoline stockpiles to their lowest level since 1967
Asian physical rubber prices were lower on Thursday as growing concerns about global demand outweighed rain in Thailand that disrupted tapping. A fall in the Thai baht against dollar also undermined dollar-based rubber prices.
The benchmark rubber contract on the Tokyo Commodity Exchange for February delivery went down by 0.2 yen, traded at 289.9
Monday, September 22, 2008
RUBBER EXTENDS GAINS ON OIL PRICE
RUBBER FUTURES IN TOKYO COMMODITY EXCHANGE EXTENDED GAINS ON MONDAY AS STRENGHTH IN OIL PRICES PROMPTED SHORT COVERING AFTER INVESTMENT FUNDS ACTIVELY CUT POSITIONS LAST WEEK AMID THE FINANCIAL MARKET TURBULENCE. RUBBER FUTURES ROSE MORE THAN ONE PERCENT TODAY.
TOCOM RUBBER AT ONE POINT LOST ABOUT FIVE PERCENT LAST WEAK AFTER THE U.S. FINANCIAL TURN OIL ROCKED GLOBAL MARKETS, PROMOTING INVESTORS TO SHIFT OUT OF RISK ASSETS, INCLUDING RUBBER. PHYSICAL SUPPLY TIGHTNESS WAS PROVIDING SUPPORT FOR TOCOM RUBBER.
NEW YORK CRUDE EXTENDED LAST WEEK’S MASSIVE GAINS AND ROSE ABOVE $105 A BARREL.
TRADERS WERE ALSO WATCHING IF THE KEY CONTRACT COULD FILL IN A CHART GAP TO 300 YEN CREATED WHEN IT DROPPED SHARPLY ON SEPTEMBER 16.
PHYSICAL RUBBER PRICES WERE GAINING SUPPORT AMID LINGERING CONCERNS OVER SUPPLIES, WHILE THERE DEMAND FROM CHINA AND MIDDLE EAST.
TOKYO COMMODITY EXCHANGE:
RUBBER FOR FEBRUARY 2009 DELIVER TRADED AT 294.6 YEN PER KILOGRAM, 2.7 YEN UP.
TOCOM RUBBER AT ONE POINT LOST ABOUT FIVE PERCENT LAST WEAK AFTER THE U.S. FINANCIAL TURN OIL ROCKED GLOBAL MARKETS, PROMOTING INVESTORS TO SHIFT OUT OF RISK ASSETS, INCLUDING RUBBER. PHYSICAL SUPPLY TIGHTNESS WAS PROVIDING SUPPORT FOR TOCOM RUBBER.
NEW YORK CRUDE EXTENDED LAST WEEK’S MASSIVE GAINS AND ROSE ABOVE $105 A BARREL.
TRADERS WERE ALSO WATCHING IF THE KEY CONTRACT COULD FILL IN A CHART GAP TO 300 YEN CREATED WHEN IT DROPPED SHARPLY ON SEPTEMBER 16.
PHYSICAL RUBBER PRICES WERE GAINING SUPPORT AMID LINGERING CONCERNS OVER SUPPLIES, WHILE THERE DEMAND FROM CHINA AND MIDDLE EAST.
TOKYO COMMODITY EXCHANGE:
RUBBER FOR FEBRUARY 2009 DELIVER TRADED AT 294.6 YEN PER KILOGRAM, 2.7 YEN UP.
Wednesday, September 10, 2008
RUBBER PRICES IMPROVE
THE RUBBER MARKET SHOWED A BETTER TREND TODAY. THE SPOT PRICE OF RSS-4 IMPROVED TO 141 FROM 140 A KG. THE PLANTATIONS WERE BADLY AFFECTED BY CONTINUING SHOWERS RESULTING IN DISRUPTION OF TAPPING. THERE WERE NO SELLERS IN THE MARKET.
TOKYO RUBBER DOWN 1.5 PERCENT
RUBBER IS UNDER PRESSURE THIS DAY, MAINLY DUE TO THE STRENGTH OF THE YEN AND FALLS IN CRUDE OIL AFTER A STRONG GAIN IN THE PREVIOUS DAY.
IUSD = 107.46 JAPANESE YEN. NEW YORK CRUDE OIL RATE FOR I BRL = $105.43 (-0.91) .
RUBBER FUTURES IN TOKYO COMMODITY EXCHANGE SLIPPED 1.5 PERCENT ON TUESDAY. RECOVERY OF YEN AND WEAKER OIL PRICES PROMPTED PROFIT-TAKING, BUT FUTURE PRICES WILL BE SUPPORTED BY HIGH PHYSICAL PRICES DUE TO RAIN IN THAILAND.
THE BENCHMARK RUBBER CONTRACT ON THE TOKYO COMMODITY EXCHANGE FOR FEBRUARY DELIVERY WENT DOWN BY 8 YEN, TRADED AT 305.9 YEN.
ASIAN PHYSICAL RUBBER PRICES WERE MOSTLY LOWER THIS DAY DUE TO FALLS IN TOKYO COMMODITY EXCHANGE. THE PHYSICAL PRICES WRE SUPPORTED ON SUPPLY CONCERNS, WITH SOME RUBBER SHIPMENTS FROM THAILAND HAVE BEEN DELAYED DUE TO RAIL STRIKE. THE PHYSICAL PRICES WERE ALSO SUPPORTED BY UNSEASONAL RAIN IN SOUTHERN THAILAND.
INDIA EXTENDS BAN ON RUBBER
INDIA EXTENDED A FOUR-MONTH BAN ON FUTURE TRADING IN RUBBER, SOYBEAN OIL, POTATOES AND CHICKPEAS TO COOL INFLATION. THE BAN HAS BEEN EXTENDED TILL NOVEMBER 30. THE NATURAL RUBBER PRICES IN INDIA HAVE RISEN 12% SINCE THE BAN WAS IMPOSED IN MAY.
TOKYO RUBBER DOWN 1.5 PERCENT
RUBBER IS UNDER PRESSURE THIS DAY, MAINLY DUE TO THE STRENGTH OF THE YEN AND FALLS IN CRUDE OIL AFTER A STRONG GAIN IN THE PREVIOUS DAY.
IUSD = 107.46 JAPANESE YEN. NEW YORK CRUDE OIL RATE FOR I BRL = $105.43 (-0.91) .
RUBBER FUTURES IN TOKYO COMMODITY EXCHANGE SLIPPED 1.5 PERCENT ON TUESDAY. RECOVERY OF YEN AND WEAKER OIL PRICES PROMPTED PROFIT-TAKING, BUT FUTURE PRICES WILL BE SUPPORTED BY HIGH PHYSICAL PRICES DUE TO RAIN IN THAILAND.
THE BENCHMARK RUBBER CONTRACT ON THE TOKYO COMMODITY EXCHANGE FOR FEBRUARY DELIVERY WENT DOWN BY 8 YEN, TRADED AT 305.9 YEN.
ASIAN PHYSICAL RUBBER PRICES WERE MOSTLY LOWER THIS DAY DUE TO FALLS IN TOKYO COMMODITY EXCHANGE. THE PHYSICAL PRICES WRE SUPPORTED ON SUPPLY CONCERNS, WITH SOME RUBBER SHIPMENTS FROM THAILAND HAVE BEEN DELAYED DUE TO RAIL STRIKE. THE PHYSICAL PRICES WERE ALSO SUPPORTED BY UNSEASONAL RAIN IN SOUTHERN THAILAND.
INDIA EXTENDS BAN ON RUBBER
INDIA EXTENDED A FOUR-MONTH BAN ON FUTURE TRADING IN RUBBER, SOYBEAN OIL, POTATOES AND CHICKPEAS TO COOL INFLATION. THE BAN HAS BEEN EXTENDED TILL NOVEMBER 30. THE NATURAL RUBBER PRICES IN INDIA HAVE RISEN 12% SINCE THE BAN WAS IMPOSED IN MAY.
Friday, August 29, 2008
Rubber futures extended gains
Tokyo rubber futures extended gains for the ninth consecutive session on Friday to hover above 323 yen, a near four-week high, riding on crude oil prices.
Rubber futures in Tokyo commodity exchange is continued to be linked to that of international commodities, particularly crude oi.
There is a wait-and-see feeling in the market.
The Tocom benchmark contract fell 17% after hitting a 28-year high of 356.9 yen on June 30. The dollar was trading around 109.05 yen.
Physical rubber prices remain strong, supported by solid demand and firm Tocom rubber futures.
Bridgestone corporation, the world’s largest tire maker by sales. Is raising prices at least 10% for tires sold to offset higher raw material costs.
Tokyo Commodity Exchange:
Rubber for February 2009 delivery traded at 323 yen per kilogram, 3.2 yen up
Rubber futures in Tokyo commodity exchange is continued to be linked to that of international commodities, particularly crude oi.
There is a wait-and-see feeling in the market.
The Tocom benchmark contract fell 17% after hitting a 28-year high of 356.9 yen on June 30. The dollar was trading around 109.05 yen.
Physical rubber prices remain strong, supported by solid demand and firm Tocom rubber futures.
Bridgestone corporation, the world’s largest tire maker by sales. Is raising prices at least 10% for tires sold to offset higher raw material costs.
Tokyo Commodity Exchange:
Rubber for February 2009 delivery traded at 323 yen per kilogram, 3.2 yen up
Monday, August 25, 2008
Tokyo Rubber Recoups
Tokyo rubber recoups after one percent dip in the previous session. Rubber future for august delivery is now trading around 344 yen, 15.3 yen up. The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery is traded at 311.5 yen, 1.18 yen up. The benchmark contract has recovered from last week’s near four-month low of 295.7 yen.
In physical rubber market there were less supplies available as rain in parts of Thailand and Malaysia was disrupting tapping.
The dollar was around 110.20 yen.
In physical rubber market there were less supplies available as rain in parts of Thailand and Malaysia was disrupting tapping.
The dollar was around 110.20 yen.
Friday, August 22, 2008
Rubber futures gain 3 percent on oil boost
Natural rubber futures in Tokyo commodity exchange gained the most in six weeks on Friday, to hit above 310 yen . Rubber has risen 3 percent this week, having slide 10% in the previous three weeks. Rubber futures fell to a near four-month low of 295.7 yen on Tuesday. Rubber price is lifted by higher crude oil and other commodity prices.
New York crude continued to trade above $121 a barrel, after rising 4.9 percent yesterday, the most since June 6. Oil rose to $121 in New York on speculation that Russian crude may be disrupted because of rising tensions with the U.S.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 309.7 yen per kilogram, 8.5 yen up.
New York crude continued to trade above $121 a barrel, after rising 4.9 percent yesterday, the most since June 6. Oil rose to $121 in New York on speculation that Russian crude may be disrupted because of rising tensions with the U.S.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 309.7 yen per kilogram, 8.5 yen up.
Thursday, August 21, 2008
Rubber futures gives up some gains
Rubber futures key contract in Tokyo commodity exchange climbed more than one percent from the lowest level in almost four months, lifted by a recovery in the price of crude oil.
U.S. crude oil futures climbed back above $115 a barrel, supported by dollar weakness. The dollar traded around 109.80 yen. Rising oil and gold are buying factors for rubber.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 298 yen per kilogram, 1.8 yen up.
U.S. crude oil futures climbed back above $115 a barrel, supported by dollar weakness. The dollar traded around 109.80 yen. Rising oil and gold are buying factors for rubber.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 298 yen per kilogram, 1.8 yen up.
Tuesday, August 19, 2008
Tokyo rubber dips 1 percent
Rubber futures in Tokyo commodity exchange fell more than one percent to a two and a half month low. The benchmark rubber contract for January delivery is below 300-yen level, pressured by weak crude oil and gold prices. The key contract has fallen about 16% from a 28-year high of 356.9 yen. Rubber decline in Tokyo commodity exchange is a part of weak commodities prices including gold and crude oil, poor performance of stock market, economic downtrend etc.
U.S. crude oil futures fell to nearly $112 a barrel. The dollar was trading at around 109.78 yen. Asian physical rubber prices were lower reflecting a decline in Tokyo futures prices.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 297.2 yen per kilogram, 5.5 yen down.
U.S. crude oil futures fell to nearly $112 a barrel. The dollar was trading at around 109.78 yen. Asian physical rubber prices were lower reflecting a decline in Tokyo futures prices.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 297.2 yen per kilogram, 5.5 yen down.
Friday, August 15, 2008
Rubber futures gain on strong oil
Natural rubber futures climbed for a second day in Tokyo commodity exchange, increasing crude oil prices raised the making cost of synthetic rubber. Costlier crude oil boosts prices of naphtha, distilled from petroleum, a raw material for synthetic rubber. Rebound in crude oil prices, disrupted production in Thailand and firmness in other commodities fuelled short covering, tight physical supplies giving additional support.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 3.5 yen, traded at 305.5
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 3.5 yen, traded at 305.5
Thursday, August 14, 2008
Rubber Rises From Three-Month Low
Rubber futures in Tokyo commodity exchange rose more than one percent from a three-month low, as rain fall disrupted production in Thailand. Production during this period may slightly drop. Futures gained for the first time in five days, solidness in physical prices providing additional support. On Tuesday, the January contract fell as far as 303.1 yen, the lowest since May 2.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 308 yen per kilogram, 3.6 yen up.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 308 yen per kilogram, 3.6 yen up.
Wednesday, August 13, 2008
Rubber Declines to Three-Month Low on Oil Slides
Rubber futures in Tokyo Commodity Exchange dropped to three and a half month low falling crude oil prices and concern demand for the commodity used in tires may decline. Rubber futures fell 1.3% to 303 yen, the lowest since May 2. Rubber and platinum futures in Tokyo were under pressure on speculation declining global growth will reduce demand for tires.
Crude oil fell for a third day. The dollar traded near five and a half month high against the euro and seven-month high against the yen as crude oil traded a 14-week low. The Malaysian rubber market fell further today as players continued to stay on the sidelines.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 2 yen, traded at 305.2 yen
Crude oil fell for a third day. The dollar traded near five and a half month high against the euro and seven-month high against the yen as crude oil traded a 14-week low. The Malaysian rubber market fell further today as players continued to stay on the sidelines.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 2 yen, traded at 305.2 yen
Friday, August 8, 2008
Rubber future fell for a second day
Rubber futures in Tokyo commodity exchange fell for a second day, traded near two-month low on concern demand for the commodity used in tires may decline. The futures also declined as supply in Thailand increased.
A rise in dollar against euro is another drag for rubber market. New York crude oil is traded at 119.74.
Malaysian rubber is traded lower for sixth consecutive day today. Asian physical rubber prices edged lower on today as Tokyo futures prices near a two-month low.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 2.5 yen, traded at 312.7.
A rise in dollar against euro is another drag for rubber market. New York crude oil is traded at 119.74.
Malaysian rubber is traded lower for sixth consecutive day today. Asian physical rubber prices edged lower on today as Tokyo futures prices near a two-month low.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 2.5 yen, traded at 312.7.
Thursday, August 7, 2008
Rubber futures dip on concern of yen
Rubber futures in Tokyo fell to lowest in more than two months on concern demand for tires may drop. Japanese government said that their economy was deteriorating. It is concerned that the slowing global economy may hurt rubber market. Futures also declined in strong output from Thailand, on account of high-production season. Losses were limited by falling yen against the dollar. The Japanese currency declined to the lowest in almost seven months against dollar today (IUSD = 109.58 Japanese yen).
A weaker yen inflates the yen based futures prices. The U.S. crude oil is traded at 118.80 per barrel. Asian physical rubber prices is under pressure from a drop in Tokyo futures prices. Malaysia rubber prices ended lower for the fifth consecutive day today with traders remaining on the sidelines.
The natural rubber prices is to their highest levels. It is a dangerous signal to increase output, even if global economy keep downward movement. There is an appetite to plant more trees when prices are high, Thailand, Indonesia and Malaysia together account for more than 70% of global output, are likely to resist the temptation to plant more trees. Cash rubber prices have risen more than 19% this year.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 2 yen, traded at 314.7.
A weaker yen inflates the yen based futures prices. The U.S. crude oil is traded at 118.80 per barrel. Asian physical rubber prices is under pressure from a drop in Tokyo futures prices. Malaysia rubber prices ended lower for the fifth consecutive day today with traders remaining on the sidelines.
The natural rubber prices is to their highest levels. It is a dangerous signal to increase output, even if global economy keep downward movement. There is an appetite to plant more trees when prices are high, Thailand, Indonesia and Malaysia together account for more than 70% of global output, are likely to resist the temptation to plant more trees. Cash rubber prices have risen more than 19% this year.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 2 yen, traded at 314.7.
Wednesday, August 6, 2008
Rubber Futures on Speculation
Natural rubber futures in Tokyo were narrowly mixed on Wednesday, contracts remained under pressure. Supply from Indonesia may decrease as the low production season begins. Rubber out put from Indonesia is expected to start declining this month.
The U.S dollar is around a seven-week high above 108.44 yen on this day. Crude oil dropped for a forth day in New York. Malaysian rubber prices closed lower, in the morning session, extending their downward movement for the fourth day.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 314.9 yen per kilogram, 0.1 yen up.
The U.S dollar is around a seven-week high above 108.44 yen on this day. Crude oil dropped for a forth day in New York. Malaysian rubber prices closed lower, in the morning session, extending their downward movement for the fourth day.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 314.9 yen per kilogram, 0.1 yen up.
Tuesday, August 5, 2008
Rubber falls as demand declines on crude oil price
Rubber futures in Tokyo Commodity Exchange fell more than one percent to a two-month low on concern that demand for tires may slow, and as investors sold commodities after crude oil fell.
New York Crude oil dropped below $120 for the first time since May. Platinum, a key precious metal used to clean vehicle exhaust fumes, fell nearly 6% to a six months low. Car sales slipped to a 16-years low in U.S.
Malaysian rubber prices moved down today on profit taking reaction to the weaker rubber futures in tocom.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 315.2 yen per kilogram, 7 yen down.
New York Crude oil dropped below $120 for the first time since May. Platinum, a key precious metal used to clean vehicle exhaust fumes, fell nearly 6% to a six months low. Car sales slipped to a 16-years low in U.S.
Malaysian rubber prices moved down today on profit taking reaction to the weaker rubber futures in tocom.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 315.2 yen per kilogram, 7 yen down.
Rubber falls to Two-Month low
Natural rubber futures in Tokyo fell more than one percent to a two-month low on speculation that a slowing U.S. economy may reduce demand for vehicles and tires.
Worries about sluggish economic growth have put downward pressure on rubber, despite a rise in crude oil prices. The rubber has fallen below the 324–yen level, which took to be a line of support, the next support line is likely to be around the 313–yen level.
Asian physical rubber prices fell on this day, pressured by a decline in Tokyo futures and an increase in physical supplies.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 322 yen per kilogram, 3.8 yen down.
Worries about sluggish economic growth have put downward pressure on rubber, despite a rise in crude oil prices. The rubber has fallen below the 324–yen level, which took to be a line of support, the next support line is likely to be around the 313–yen level.
Asian physical rubber prices fell on this day, pressured by a decline in Tokyo futures and an increase in physical supplies.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 322 yen per kilogram, 3.8 yen down.
Saturday, August 2, 2008
Tokyo rubber dips
Natural rubber futures in Tokyo declined, giving up the previous day’s gains, pressured by weak crude oil prices.
The physical market supplies from Indonesia might decline due to wintering.
Malaysian rubber prices rebounded today to close steady. Rally on the Tokyo futures contract prices is one of the factor which pulled the market.
Crude oil in New York extended decline after falling 11% in July. The oil prices fell further towards $123 on Friday.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 327.1 yen per kilogram, 5.4 yen down.
The physical market supplies from Indonesia might decline due to wintering.
Malaysian rubber prices rebounded today to close steady. Rally on the Tokyo futures contract prices is one of the factor which pulled the market.
Crude oil in New York extended decline after falling 11% in July. The oil prices fell further towards $123 on Friday.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 327.1 yen per kilogram, 5.4 yen down.
Friday, August 1, 2008
Rubber Spot gains
Rubber market shows a better trend today. Rubber Kottayam RSS – 4 moved up to Rs.142 from Rs.137.50.
Most of the plantations are affected by continuing showers resulting in the disruption of tapping.
Natural rubber futures in Tokyo rose 1.5%, the largest gain since July 25. Gains in futures may limited by rising supply in Thailand.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 332.5 yen per kilogram, 3.5 yen up.
Most of the plantations are affected by continuing showers resulting in the disruption of tapping.
Natural rubber futures in Tokyo rose 1.5%, the largest gain since July 25. Gains in futures may limited by rising supply in Thailand.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 332.5 yen per kilogram, 3.5 yen up.
Thursday, July 31, 2008
Rubber Tokyo down
Rubber Tokyo futures dropped 1.5% on Wednesday. Lower crude oil prices and rising supply from Thailand is all behind the downward trend of rubber future.
Cheaper crude oil prices may alter synthetic rubber production. Asian physical rubber prices is pressured by a decline in futures contract prices on the Tokyo commodity exchange , but lingering supply tightness provided support.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 329 yen per kilogram, 2.7 yen down.
Cheaper crude oil prices may alter synthetic rubber production. Asian physical rubber prices is pressured by a decline in futures contract prices on the Tokyo commodity exchange , but lingering supply tightness provided support.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 329 yen per kilogram, 2.7 yen down.
Monday, July 28, 2008
Rubber Tokyo Falls
Tokyo rubber futures fell back on Monday after the new key January contract opened.
Tokyo Commodity Exchange:
Rubber for December 2008 delivery traded at 334 yen per kilogram, or $3.09, down by one yen.
Tokyo Commodity Exchange:
Rubber for December 2008 delivery traded at 334 yen per kilogram, or $3.09, down by one yen.
Thursday, July 24, 2008
Asian stocks rise
Asian stocks advanced, the best week in 11 months. The stronger Dollar shows confidence.
Tocom Rubber Futures falls to a seven-week low on Thursday, although firm physical prices continued to provide some support.
Falls in Asian physical prices have been limited due to tight supply conditions in the world’s top producer Thailand, While many buyers have stayed on the sidelines waiting for prices to fall. Futures declined as supplies increased in Thailand, the world’s largest producer and exporter.
Tocom Rubber Futures falls to a seven-week low on Thursday, although firm physical prices continued to provide some support.
Falls in Asian physical prices have been limited due to tight supply conditions in the world’s top producer Thailand, While many buyers have stayed on the sidelines waiting for prices to fall. Futures declined as supplies increased in Thailand, the world’s largest producer and exporter.
Tuesday, July 22, 2008
Rubber Tokyo edged down
Tocom Rubber Futures edged down on Tuesday. The market is however waiting for new incentives to drive prices in the near term.
U.S. Crude Oil Futures fell on this day as tropical Storm Dolly.
U.S. Crude Oil Futures fell on this day as tropical Storm Dolly.
Wednesday, July 16, 2008
Tocom Declined
Natural Rubber futures in Tokyo Commodity Exchange lost as much as 1.3 per cent.
Futures declined on a seasonal increase in out put in Thailand. Weather conditions in Thailand turned favorable for rubber output.
The dollar traded near a two week low against yen.
Futures declined on a seasonal increase in out put in Thailand. Weather conditions in Thailand turned favorable for rubber output.
The dollar traded near a two week low against yen.
Friday, July 11, 2008
Iflation to 11.89%
During the week ending June 28th, inflation rate moved up by 0.26% from 11.63% in the previous week.
Inflation rose to 11.89% mainly due to higher priced of essential food articles and some manufactured products such as cement, edible oils etc.. , which may prompt Reserve Bank of India to further tighten money supply in its quaterly review slated July 29.
Inflation rose to 11.89% mainly due to higher priced of essential food articles and some manufactured products such as cement, edible oils etc.. , which may prompt Reserve Bank of India to further tighten money supply in its quaterly review slated July 29.
Thursday, July 10, 2008
Hevea braciliencis
Asia is the Main source of Natural Rubber. The three largest rubber producing Countries Indonesia, Malaysia and Thailand together account for around 72 per cent of all Natural Rubber Production.
In India commercial cultivation of Natural Rubber was introduced by British Planters. The first commercial Heavea plantation in India were established at Thattekadu in Kerala in 1902. More than 90% of the rubber produced in in India is from Kerala. In Kerala rubber is generally grown in midlands and highlands.
The major commercial source of natural rubber latex is para rubber tree, hevea brasiliensis belongs to the family Ephorbiaceae. Natural rubber can be extracted from the latex of over 895 species of plants, among which hevea brasiliensis is the most important commercial source of natural rubber. Natural rubber is an elastic hydrocarbon polymer that naturally occurs as a milky colloidal suspension or latex in the sap of some plants.
Rubber latex extracted from rubber trees. The economic life period of rubber trees in plantations is around 32 years, 7 years of immature phase and about 25 years of productive phase. The latex from multiple trees poured into flat pans, and this is mixed with formic acid, which serves as a coagulant resulting in rubber crump. After a few hours the very wet sheets of rubber are wrung out by putting them through a press before they are sent to factories where vulcanization and further processing is done to it.
Rubber exhibits unique physical and chemical properties. Natural rubber is essentially a polymer of isoprene units. A hydrocarbon diene monomer. Synthetic rubber can be made as a polymer of isoprene or various other monomers. Natuaral rubber is an inherently environmentally friendly.
Tires and tubes are the largest consumers of rubber. Other significant uses of rubber are door and window profiles. Hoses, belts, mattings, floorings and dampeners. Natural rubber finds markets in hose, beltings and footwear as well as in many engineering components. This last group includes engine mounts for automobiles, bridge bearings, fenders, and bearings to protect buildings from external and internal sources of vibration, and as an extention of this, from earthquakes.
In India commercial cultivation of Natural Rubber was introduced by British Planters. The first commercial Heavea plantation in India were established at Thattekadu in Kerala in 1902. More than 90% of the rubber produced in in India is from Kerala. In Kerala rubber is generally grown in midlands and highlands.
The major commercial source of natural rubber latex is para rubber tree, hevea brasiliensis belongs to the family Ephorbiaceae. Natural rubber can be extracted from the latex of over 895 species of plants, among which hevea brasiliensis is the most important commercial source of natural rubber. Natural rubber is an elastic hydrocarbon polymer that naturally occurs as a milky colloidal suspension or latex in the sap of some plants.
Rubber latex extracted from rubber trees. The economic life period of rubber trees in plantations is around 32 years, 7 years of immature phase and about 25 years of productive phase. The latex from multiple trees poured into flat pans, and this is mixed with formic acid, which serves as a coagulant resulting in rubber crump. After a few hours the very wet sheets of rubber are wrung out by putting them through a press before they are sent to factories where vulcanization and further processing is done to it.
Rubber exhibits unique physical and chemical properties. Natural rubber is essentially a polymer of isoprene units. A hydrocarbon diene monomer. Synthetic rubber can be made as a polymer of isoprene or various other monomers. Natuaral rubber is an inherently environmentally friendly.
Tires and tubes are the largest consumers of rubber. Other significant uses of rubber are door and window profiles. Hoses, belts, mattings, floorings and dampeners. Natural rubber finds markets in hose, beltings and footwear as well as in many engineering components. This last group includes engine mounts for automobiles, bridge bearings, fenders, and bearings to protect buildings from external and internal sources of vibration, and as an extention of this, from earthquakes.
Tuesday, July 8, 2008
Rubber Spot Moved Down
Today domestic rubber prices moved down to RS.131.50 from Rs.132. Bangok, Malaysia and Tokyo indices are closed slightly lower.
The Spot prices were RSS – 4 : 131.50, RSS – 5 : 129.75.
The Spot prices were RSS – 4 : 131.50, RSS – 5 : 129.75.
Monday, July 7, 2008
Natural Rubber Out put increases
Natural rubber production in the country has substantially registered a high growth this year, according to the rubber board’s provisional data. As per the data natural rubber production increased by 43% to 62000 tonnes in June 2008 compared to 43480 tonnes in the last year. During the period under review, the export of natural rubber has more than doubled to 8500 tonnes, compared to 4105 tonnes. The consumption, however, increased by 5% nearly to 8.6 lakh tonnes in the year ago period.
Natural rubber output increases
Natural rubber production in the country has substantially registered a high growth this year, according to the Rubber Board’s provisional data.
As per the data, the natural rubber production increased by 43 percent to 62000 tonnes in June 2008 compared to 43480 tonnes in the last year same period. During the period under review, the export of natural rubber has more than doubled to 8500 tonnes, compared to 4105 tonnes.
The consumption, however, increased by five per cent to nearly 8.6 lakh tons during 2007-08 as against 8.2 lakh tonnes in the year-ago period
As per the data, the natural rubber production increased by 43 percent to 62000 tonnes in June 2008 compared to 43480 tonnes in the last year same period. During the period under review, the export of natural rubber has more than doubled to 8500 tonnes, compared to 4105 tonnes.
The consumption, however, increased by five per cent to nearly 8.6 lakh tons during 2007-08 as against 8.2 lakh tonnes in the year-ago period
Gold Prices fell
Gold prices fell by Rs.145 to dip below Rs.13000 level on the bullion market today on emergence of selling by stockist influenced by weak global trends. Rising equity market forced some investors to shift their funds from gold to equity market.
Saturday, July 5, 2008
Rubber Spot Weak
Rubber Kottayam RSS – 4 moved down to Rs. 132.50 from 133 yesterday. Exporters and major manufacturers were hesitant to enter the market above Rs. 132.
The Spot prices were RSS – 4 : 132.50, RSS – 5 : 131.00
The Spot prices were RSS – 4 : 132.50, RSS – 5 : 131.00
Tuesday, July 1, 2008
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