Friday, May 29, 2015

Bull on the run

Rubber prices continued to rise as demand from the world's biggest consumer China picked up, while supply constrain from Thailand aided the rally. The joint efforts by major natural rubber producing countries to curb output and boost prices have started to show its results. SICOM benchmark was trading near a nine-month high of 164.90 U.S. cents per kg, and was on track for its biggest monthly gain since September 2012.

The benchmark RSS4 grade rubber closed at `.127 a kg at Kottayam, while RSS3 grade closed at `.121.20 a kg at Bangkok and Malaysian SMR20 closed at `.103.04 a kg. On National Multi Commodity Exchange June 2015 futures closed at `.127.32 a kg, July at `.130.99 and August at `.131.77 a kg. On Tokyo Commodity Exchange, June 2015 futures series closed at ¥229.5 a kg, July at ¥230.2, August at ¥232, September at ¥234.7 October at ¥238 and the contract for delivery in November 2015 closed at ¥241.2 a kg.

To read Rubber4U – 1st June 2015 issue:

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