Monday, June 1, 2015

Reduction in supply to support prices


Cambodian natural rubber prices rose by about 20% in May 2015 compared to May 2014 as a result of major producers reducing natural rubber supply to the international market.

The U.S. International Trade Commission will hold a meeting at its headquarters 9th June on the final phase of antidumping and countervailing duty investigations of passenger and light truck tyres imported from China.

The benchmark RSS4 grade rubber closed at `.128 a kg at Kottayam, while Malaysian SMR20 closed at `.103.77 a kg. On National Multi Commodity Exchange June 2015 futures closed at `.128.62 a kg, July at `.133.58 and August at `.134.52 a kg. On Tokyo Commodity Exchange, June 2015 futures series closed at ¥231.3 a kg, July at ¥232.1, August at ¥234.6, September at ¥236.8 October at ¥240.3 and the contract for delivery in November 2015 closed at ¥243.8 a kg. On Tuesday, most probably Tocom futures contract for delivery in November 2015 may trade in the range of ¥241 & ¥247 a kg.

To read Rubber4U – 1st June 2015 issue: http://rubber4u.com/Public/Abcd.pdf

No comments:

Post a Comment