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

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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.

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.

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.