Thursday, June 30, 2016
Wednesday, June 15, 2016
Friday, June 10, 2016
Tocom hits 4 month low & import decreased by 6.51%
TOCOM rubber futures slid to a fresh 4 month
low due to weaker oil prices and fears about slower demand in China. The Tokyo
Commodity Exchange rubber contract for November delivery closed at ¥148 a kg
was down by ¥2.8 per kg, after touching a low of ¥147.5 per kg, the lowest
since 15th February 2016.
Oil prices have rallied by around 90% since
hitting decade-lows earlier this year. Today, U.S oil futures prices fell below
$50 a barre, dragged down by an appreciating U.S dollar sparked profit-taking
and negative sentiment across financial markets.
The
Indian natural rubber production for the month of April 2016 decreased by 2.5%
to 39,000 tonnes compared to 40,000 tonnes during April 2015. While consumption
during April 2016 increased by 5.18% to 85,000 tonnes, from 80,815 tonnes
during April 2015. Natural rubber import decreased by 6.51% to 34,550 tonnes
compared to 36,957 tonnes during April 2015. The natural rubber stock decreased
by 11.98% to 213,000 tonnes compared to 242,000 tonnes during April 2015.
The benchmark RSS4 grade rubber closed at `.133.50
a kg at Kottayam, while RSS3 grade closed at `.100.63 a kg at
Bangkok and Malaysian SMR20 closed at `.81.68 a kg. On
National Multi Commodity Exchange June 2016, the futures closed at `.131.22
a kg, July at `.131.21, August at `.130.13 and September
2016 closed at `.129.61 a kg. Tokyo Commodity Exchange June 2016 futures
series closed at ¥150.9 a kg, July at ¥150.9, August at ¥149.5, September at ¥148.6,
October at ¥148.5 and the contract for delivery in November 2016 closed at ¥148
a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
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