Tuesday, May 31, 2016
Saturday, May 14, 2016
Friday, May 13, 2016
Soft launch for new market
The International Tripartite Rubber Council
(ITRC) said ITRC members Thailand, Indonesia and Malaysia have announced the
soft launch of a regional rubber market (RRM). The trade platform is
anticipated to be operational by June 2016. They had selected potential sellers
to trade on the platform and will next invite buyers to register and trade on
the platform, said ITRC’s operational arm, the International Rubber Consortium
(IRCo).
It was reported by the International Rubber
Study Group that global natural rubbber stock in September 2015 was 2.8 million
tonnes compared with 3.2 million tonnes in 2014.
U.S. oil futures moved lower on Friday, as
renewed concerns over a global supply glut and a stronger U.S. dollar weighed. U.S
crude futures for June delivery were down 1.13% at $46.17 a barrel.
Russian company, Omsk Carbon Group (OCG) is
increasing prices for its carbon black products with effect from 1st June.
The benchmark RSS4 grade rubber closed at `.129
a kg at Kottayam, while RSS3 grade closed at `.118.63 a kg at
Bangkok and Malaysian SMR20 closed at `.94.07 a kg. On
National Multi Commodity Exchange May 2016, the futures closed at `.129.67
a kg, June at `.125.46, July at `.125.68 and August 2016
closed at `.125.68 a kg. Tokyo Commodity Exchange May 2016 futures
series closed at ¥164 a kg, June at ¥168.4, July at ¥169.9, August at ¥170.1,
September at ¥171.4 and the contract for delivery in October 2016 closed at ¥173.1
a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
Monday, May 9, 2016
Measures to control crisis
The inadequate allocation of funds to the
Rubber Board of India would have a cascading effect on the activities and
functioning of crucial departments like production, research and extension. The
increasing concerns over the decline in natural rubber production, the
Parliamentary panel has called upon the Finance Ministry to allocate adequate
funds to carry out re-plantations optimally.
According to the China’s Ministry of Commerce
statement, it will start an anti-dumping review on chloroprene rubber imported
from Japan, United States and European Union from 10th May 2016. The review,
which will last till 9th May 2017, the anti-dumping measures will continue to
be effective during the review.
The benchmark RSS4 grade rubber closed at `.135
a kg at Kottayam, while Malaysian SMR20 closed at `.96.28
a kg. On National Multi Commodity Exchange May 2016, the futures closed at `.134.57
a kg, June at `.136.55, July at `.137.28 and August 2016
closed at `.137.30 a kg. Tokyo Commodity Exchange May 2016 futures
series closed at ¥175.5 a kg, June at ¥176.5, July at ¥178.2, August at ¥177.8,
September at ¥178.9 and the contract for delivery in October 2016 closed at ¥180.7
a kg. On Tuesday, most probably Tocom futures contract for delivery in October
2016 may trade in the positive range of ¥178 & ¥184 a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
Tuesday, May 3, 2016
Recovery washed out
Soft domestic demand and slowdown in new
business from overseas markets were said to be behind the sluggish performance
for UK manufacturers in April 2016. While in the first quarter of 2016
Indonesia's manufacturing activity declined 1.34% from the fourth quarter of
2015 according to data from Statistics Indonesia (BPS). This decline is
primarily caused by weaker growth of the processed tobacco industry (-9.99%),
rubber & plastic industry (-7.66%), paper & paper products industry
(-5.73%), the motor vehicles, trailers and semi-trailers industry (-4.54%) and
electrical equipment (-4.13%).
Tokyo prices had climbed to a nine-month high
amid hopes for improved demand from China and on speculation that dry weather
across Southeast Asia could reduce rubber output. But on 2nd May, benchmark Tokyo
Commodity Exchange rubber futures fell to their lowest in nearly two weeks, as
the yen soared to an 18 month high versus the dollar. The Tocom rubber contract
for October delivery fell 3.7% to close at ¥187.3 per kg, the lowest since 19th
April.
Vietnam's natural rubber exports this year
could drop 12% compared to 2015, to a six-year low at around 1 million tonnes,
as part of the country's commitment to curb supplies and help stabilise prices,
an industry official said on Thursday.
The benchmark RSS4 grade rubber closed at `.137
a kg at Kottayam, while RSS3 grade closed at `.119.72 a kg at
Bangkok and Malaysian SMR20 closed at `.98.72 a kg. On
National Multi Commodity Exchange May 2016, the futures closed at `.132.42
a kg, June at `.134.44 and July 2016 closed at `.135.40
a kg. Tokyo Commodity Exchange May 2016 futures series closed at ¥182 a kg,
June at ¥182.7, July at ¥184, August at ¥184.1, September at ¥185.5 and the
contract for delivery in October 2016 closed at ¥187.3 a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
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