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.
Monday, September 29, 2008
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.
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