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.
Thursday, July 31, 2008
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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