Rubber news

Agri-commodities market may be bullish
Hyderabad: The failure of kharif crops might lead to a “bullish” situation for the prices of pulses. “My gut feeling is that it will be bullish with regard to pulses, while there is no cause for concern over the overall food situation,” Mr B.C. Khatua, Chairman of Forward Markets Commission (FMC), said.

Addressing a press conference here on Wednesday, he said India was in a peculiar condition where it was the largest producer and consumer of pulses. If there was a shortfall, global supplies were not enough to fill that gap.

“A poor monsoon will have an impact on the domestic markets. This will lead to a bullish agri commodities market,” he said, pointing out that agri processors should keep in mind the impending price risks. (BL)
http://www.thehindubusinessline.com/2009/10/29/stories/2009102950681900.htm

Spot rubber rules firm
Kottayam: The spot rubber market finished unchanged on Wednesday. A marginal improvement in the domestic rubber futures on NMCE failed to catalyse the sentiments as most of the traders preferred to stay back following the predictions on the onset of north-east monsoon.

Futures improve
RSS 4 improved with the November futures rising to Rs 111.30 (110.73); December to Rs 113.20 (112.54), January to Rs 114.98 (114.39) and February to Rs 116.76 (116.10) a kg on the National Multi Commodity Exchange (NMCE). The November futures for RSS 3 closed at ¥233.7 (¥233.6) (Rs 121.53) and December at ¥233.1 (¥234) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

Rubber declines

Oct. 27 (Bloomberg) -- Rubber declined for a second day after crude oil slumped the most in a month, reducing investor interest in the commodity as an alternative to synthetic products made from petroleum for use in tires.
Futures in Tokyo fell as much as 1.3 percent to 227.7 yen ($2,475 a metric ton), retreating further from a one-year high of 235.7 yen reached Oct. 23. Oil slipped yesterday as U.S. equities slumped on concern the government will phase out a tax credit for homebuyers, and as OPEC may raise production targets when it meets in December after the International Energy Agency warned that rising prices threaten the global economic recovery.
“Rubber was sold in tandem with oil and other commodities as a slump in global stocks reduced the risk appetite of investors,” Shuji Sugata, research manager at Mitsubishi Corp. Futures Ltd., said today by telephone. Prices could fall to as low as 210 yen if oil breaks below $75 a barrel, he added.
March-delivery rubber declined 0.1 percent to settle at 230.5 yen a kilogram on the Tokyo Commodity Exchange. April- delivery rubber, listed on the exchange today, settled at 230.8 yen after opening at 228.8 yen.
Futures often move in the same direction as crude oil as competing synthetic rubber is made from naphtha, distilled from petroleum. December-delivery oil dropped 2.3 percent to close at $78.68 a barrel in New York yesterday, the biggest decline since Sept. 24 and the lowest settlement since Oct. 16. It traded up 0.2 percent at $78.86 as of 4:25 p.m. Tokyo time.
“Rubber futures trimmed earlier losses as a slide in oil came to a halt in Asian trading today,” Takaki Shigemoto, a commodity analyst at research and investment company JSC Corp. in Tokyo, said today by phone.
Japan’s Currency
Losses in rubber futures were also limited as Japan’s currency fell to the lowest level in a month against the dollar, raising the appeal of yen-denominated contracts, Sugata said.
The dollar strengthened on concern U.S. bank losses will derail the global economic recovery, sapping demand for higher- yielding assets. The Standard & Poor’s 500 Index slid 1.2 percent in New York yesterday, led by bank shares after analyst Dick Bove downgraded Fifth Third Bancorp, SunTrust Banks Inc. and U.S. Bancorp on concern loan losses will remain high.
January-delivery rubber on the Shanghai Futures Exchange settled down 0.1 percent at 19,155 yuan ($2,805) a ton. Prices were capped because of rising inventories, Shigemoto said.
Rubber inventories increased 5,526 tons to 110,683 tons, the Shanghai Futures Exchange said on Oct. 23. The volume was the largest level since November, 2004.

Global Output news

Global Rubber Supply May Climb 30 Percent by 2015 (Update2)
By Claire Leow and Supunnabul Suwannakij
Oct. 27 (Bloomberg) -- Global rubber supply may jump 30 percent by 2015 compared with last year after more than one million hectares were planted between 2005 and 2008, the International Rubber Study Group said.
Supply may increase by 50 percent by 2020 because of the “dramatic increase in total new planting,” it said in a report today. “In 2008 total new planting is estimated to have reached around six times the level of 2000.”
The report covers 11 Asian countries that accounted for 92 percent of world natural rubber production in 2008.
Rubber, used in tires and gloves, reached a one-year high last week as rising crude oil increased the cost of making rival synthetic product from petroleum, and as Thailand, Indonesia and Malaysia, the top producers, cut exports to combat a collapse in prices last year. Rubber had rallied to a 28-year peak in June 2008, spurring farmers to increase planting.
Plantings increased in Vietnam and Thailand, and those trees are maturing, the group’s secretary general Hidde Smit said in an interview this month.
Rubber trees take about six years from planting to the first tapping and produce for about two decades after that.
Output Forecast
Asian production may climb 29 percent to 10.63 million tons by 2015, and global output may be 11.53 million tons, the report said. Production may total 9.3 million tons next year, compared with a revised 8.94 million tons in 2008. The report didn’t give a forecast for this year.
The eleven countries are: Thailand, Indonesia, Malaysia, India, Vietnam, China, Sri Lanka, Cambodia, the Philippines, Myanmar and Laos.
The table summarizes some key forecasts from selected countries. IRSG Production Forecast by Selected Origins (’000 Tons)
Country 2008 2010 2015 2020
Thailand 2,914 3,055 3,618 3,804
Indonesia 2,089 2,097 2,306 2,513
Malaysia 922 896 866 902
India 805 822 929 1,005
China 575 654 1,001 1,285
Vietnam 621 680 1,027 1,442
Laos 3 9 269 555
Myanmar 82 94 214 328
Region
Asia 8,250 8,556 10,633 12,487
Africa 446 477 576 720
LatinAmerica 241 265 325 385
TOTAL 8,937 9,298 11,534 13,592
(Source: International Rubber Study Group)

Rubber Declines for Second Day as Oil’s Retreat Reduces Demand

Rubber Declines for Second Day as Oil’s Retreat Reduces Demand
Oct. 27 (Bloomberg) -- Rubber declined for a second day after crude oil slumped the most in a month, reducing investor interest in the commodity as an alternative to synthetic products made from petroleum for use in tires.
Futures in Tokyo fell as much as 1.3 percent to 227.7 yen ($2,473 a metric ton), retreating further from a one-year high of 235.7 yen reached Oct. 23. Oil slipped yesterday as U.S. equities slumped on concern the government will phase out a tax credit for homebuyers, and as OPEC may raise production targets when it meets in December after the International Energy Agency warned that rising prices threaten the global economic recovery.
“Rubber was sold in tandem with oil and other commodities as slump in global stocks reduced risk appetite of investors,” Shuji Sugata, research manager at Mitsubishi Corp. Futures Ltd., said today by telephone.
March-delivery rubber declined 0.8 percent to 229.0 yen a kilogram on the Tokyo Commodity Exchange at 10:26 a.m. local time. April-delivery rubber, listed on the exchange today, traded at 230.9 yen after opening at 228.8 yen.
Futures often move in the same direction as crude oil as competing synthetic rubber is made from naphtha, distilled from petroleum. December-delivery oil dropped 2.3 percent percent to close at $78.68 a barrel in New York yesterday, the most since Sept. 24 and the lowest settlement since Oct. 16. It traded at $78.8 as of 10:35 a.m. Tokyo time.
Losses in rubber futures were limited as Japan’s currency fell to the lowest level in a month against the dollar, raising the appeal of yen-denominated contracts, Sugata said.
S&P 500 Index
The U.S. currency strengthened against the euro and the yen on concern U.S. bank losses will derail the global economic recovery, sapping demand for higher-yielding assets. The Standard & Poor’s 500 Index slid 1.2 percent in New York yesterday, led by bank shares after analyst Dick Bove downgraded Fifth Third Bancorp, SunTrust Banks Inc. and U.S. Bancorp on concern loan losses will remain high.
January-delivery rubber on the Shanghai Futures Exchange lost 0.8 percent to 19,015 yuan ($2,785) a ton at 9:37 a.m. local time.
Rubber inventories increased 5,526 tons to 110,683 tons, the Shanghai Futures Exchange said on Oct. 23. The volume was the largest level since November, 2004.

Spot rubber turns weak on global cues

Spot rubber turns weak on global cues
Kottayam: Spot rubber prices weakened on Monday. The market slipped in the absence of buyers following a bearish closing in the domestic and international rubber futures. Major manufacturers continued to stay back and most of the traders were reluctant to enlarge their commitments fearing further correction in prices. Sheet rubber moved down to Rs 109.50 from Rs 110 a kg on buyer resistance. The trend was mixed.



Futures firm

The November futures for RSS 4 closed at Rs 111.18 (111.14), December at Rs 113.01 (113.12), January at Rs 114.96 (115.04) and February at Rs 116.10 (116.25) a kg on National Multi Commodity Exchange (NMCE). RSS 3 declined at its October futures to ¥245 (¥254) (Rs 124.51), November to ¥234.8 (¥237.8), December to ¥234 (¥237.3), January to ¥232.1 (¥234.9), February to ¥230.8 (¥233.9) and March to ¥230.8 (¥233.9) a kg during the day session on Tokyo Commodity Exchange (TOCOM). (BL)

http://www.thehindubusinessline.com/2009/10/27/stories/2009102751011700.htm

Spot rubber prices decline

Spot rubber prices decline
KOCHI: Spot rubber prices declined for the third consecutive day and stood at Rs 110.25 per kg on Friday. The prices had climbed to Rs 112 per kg on Tuesday. The peak production season in rubber has started from October and would last till January 2010. The production in these four months is almost 60 % of the total production in the country.

Domestic prices were expected to increase in line with the increase in international prices, which touched Rs 115.33 per kg on Friday. The oil prices have touched US $ 80 per barrel and might stoke the natural rubber prices by making synthetic rubber prices costlier. Above all the fall in global production has accelerated and stood at of 5.1% as on September 2009. (ET)
http://economictimes.indiatimes.com/markets/commodities/Spot-rubber-prices-decline/articleshow/5153655.cms

Rubber Declines From One-Year High as Oil’s Retreat Saps Demand

Rubber Declines From One-Year High as Oil’s Retreat Saps Demand

Oct. 21 (Bloomberg) -- Rubber dropped from a one-year high as oil retreated for a second day, reducing the appeal of the commodity as an alternative to synthetic products made from petroleum for use in car tires.
Rubber futures also fell after the dollar increased against the euro, boosting speculation demand for commodities as an alternative investment may weaken. The most-active contract in Tokyo dropped as much as 1.2 percent after reaching 226.5 yen a kilogram ($2,494 a metric ton) yesterday, the highest level since Oct. 7, 2008.
“The market retreated as it lost support from oil,” Takaki Shigemoto, a commodity analyst at research and investment company JSC Corp. in Tokyo, said today by phone.
March-delivery rubber lost 0.5 percent to 225.7 yen on the Tokyo Commodity Exchange at 11:45 a.m. local time. January- delivery rubber on the Shanghai Futures Exchange dropped 1.6 percent to 18,890 yuan ($2,767) a ton.
Oil in New York fell below $79 a barrel as the dollar climbed and an industry report showed an increase in crude stockpiles in the U.S., the world’s biggest energy consumer.
Crude declined for the first time in nine days yesterday as U.S. equities lost ground and the dollar rose from a 14-month low against the euro, limiting investors’ need for commodities to hedge against inflation. The American Petroleum Institute reported that crude supplies rose 3.85 million barrels.
Auto Sales
Rubber futures in Tokyo gained 66 percent this year amid speculation that the global economic recovery may boost auto sales and demand for the raw material used in tires.
Dongfeng Motor Group Co. expects vehicle sales in China to reach 13 million this year, Supervisor Yong Ren said at the Tokyo International Automotive Conference yesterday.
China’s sales of cars, sport-utility vehicles and multipurpose vehicles climbed to a record 1.015 million units last month, according to the China Association of Automobile Manufacturers. Overall vehicle sales, including trucks and busses, rose 78 percent to 1.33 million units.
Rubber futures were supported by speculation that the Chinese government may take physical delivery of as much as 50,000 tons at the expiry of the November contract on the Shanghai Futures Exchange, Shigemoto said. The volume is equivalent to half the stockpiles monitored by the bourse.
“The Chinese government is said to take action to support local rubber prices,” Shigemoto said.
Rubber inventories increased 4,404 tons in the week ended Oct. 15 to 105,157 tons, the most since November, 2004, the Shanghai exchange said last week.

Tokyo news

Rubber Reaches One-Year High as Stock Rally, Oil Boosts Demand
Tokyo: Rubber rose for a second day, reaching its highest level in a year, as a rally in equities boosted investor confidence that the global economic recovery will increase demand for raw materials.

Prices in Tokyo climbed as much as 2.9 percent to 225.1 yen a kilogram ($2,490 a metric ton), the highest level since Oct. 7, 2008. Futures also gained as oil’s advance to a one-year high boosted the appeal of natural rubber as an alternative to synthetic products made from petroleum.

“The bull run in global stocks increased investor appetite for risk assets, leading to their purchases of commodities,” Hisaaki Tasaka, analyst at Tokyo-based commodity broker ACE Koeki Co., said today by phone. “Stronger oil is also positive for the price of rubber.” (Bloomberg)

Spot rubber stretches to Rs 111/kg

Spot rubber stretches to Rs 111/kg
Kottayam: Physical rubber prices flared up on Monday. According to sources, the market moved up on covering purchases though there was no trendsetting factor specific to rubber observed behind the bull run. Sheet rubber improved to Rs 111 from Rs 109 a kg during the last week end. There were no fresh enquiries from the tyre sector. The market made all-round gains with comparatively better volumes.

The National Multi Commodity Exchange (NMCE) remained closed owing to Bahu-Beej.

Futures weak
The October futures for RSS 3 weakened to ¥217.6 (¥219.9) (Rs 110.76) while the November futures improved to ¥220.5 (¥214), December to ¥218.9 (¥212.2), January to ¥219 (¥212.5), February to ¥218.3 (¥212.6) and March to ¥218.8 (¥212.8) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

The October futures for the grade closed at ¥217.6, December at ¥217.5, January at ¥219.3, February at ¥218.8 and March at ¥219.3 a kg while the November futures remained inactive during the night session. (BL)
http://www.thehindubusinessline.com/2009/10/20/stories/2009102050201000.htm
Meet to address rubber growers’ needs
Mangalore: A State-level rubber growers’ conference will be held at Ujire in Dakshina Kannada district on October 23.

Mr Sridhar Bhide, President of Belthangady Taluk Rubber Growers’ Marketing and Processing Cooperative Ltd, told Business Line that rubber growers from Dakshina Kannada, Udupi, Shimoga, Chikmagalur and Kodagu will participate in the conference to discuss various issues related to the sector.

Stating that rubber is being cultivated in around 25,000-30,000 hectares in the State, he said the conference would request the Rubber Board and the Government to set up a rubber research institute and a model rubber plantation in Karnataka. It will also seek the establishment of a rubber tappers’ training school and a laboratory for testing soil and leaf.

The conference will also deliberate on topics such as new varieties in rubber, disease control and low-frequency tapping. (BL)
http://www.thehindubusinessline.com/2009/10/20/stories/2009102050631100.htm

Natural Rubber output falls in Malaysia

NR output falls in Malaysia
KUALA LUMPUR, Malaysia (Oct. 20, 2009)—Natural rubber production fell 27.8 percent in Malaysia in August from the same month a year earlier, along with a 17.2-percent decline in NR exports, according to a Malaysian government agency.
NR output fell to 74,769 metric ton in August, with the smallholding sector contributing 93.5 percent of that amount, according to the Department of Statistics Malaysia. Products slumped 9.9 percent from July.
Exports declined to 14,240 tons compared to the same month in 2008, although that was an 11.1-percent rise from July 2009. The department said domestic consumption for August grew 1.3 percent from the year-ago month to 41,024 tons.

Eatrhquake could lead to shortages in Rubber

Click on this link to read this article.http://rubberandplastics.texterity.com/rubberandplastics/20091017?pg=1&pm=2&u1=texterity#pg1

Rubber Reaches One-Year High as Stock Rally, Oil Boosts Demand

Rubber Reaches One-Year High as Stock Rally, Oil Boosts Demand
Tokyo: Rubber rose for a second day, reaching its highest level in a year, as a rally in equities boosted investor confidence that the global economic recovery will increase demand for raw materials.

Prices in Tokyo climbed as much as 2.9 percent to 225.1 yen a kilogram ($2,490 a metric ton), the highest level since Oct. 7, 2008. Futures also gained as oil’s advance to a one-year high boosted the appeal of natural rubber as an alternative to synthetic products made from petroleum.

“The bull run in global stocks increased investor appetite for risk assets, leading to their purchases of commodities,” Hisaaki Tasaka, analyst at Tokyo-based commodity broker ACE Koeki Co., said today by phone. “Stronger oil is also positive for the price of rubber.” (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601012&sid=acv20VoLEDls

Spot rubber stretches to Rs 111/kg

Spot rubber stretches to Rs 111/kg
Kottayam: Physical rubber prices flared up on Monday. According to sources, the market moved up on covering purchases though there was no trendsetting factor specific to rubber observed behind the bull run. Sheet rubber improved to Rs 111 from Rs 109 a kg during the last week end. There were no fresh enquiries from the tyre sector. The market made all-round gains with comparatively better volumes.

The National Multi Commodity Exchange (NMCE) remained closed owing to Bahu-Beej.

Futures
The October futures for RSS 3 weakened to ¥217.6 (¥219.9) (Rs 110.76) while the November futures improved to ¥220.5 (¥214), December to ¥218.9 (¥212.2), January to ¥219 (¥212.5), February to ¥218.3 (¥212.6) and March to ¥218.8 (¥212.8) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

The October futures for the grade closed at ¥217.6, December at ¥217.5, January at ¥219.3, February at ¥218.8 and March at ¥219.3 a kg while the November futures remained inactive during the night session. (BL)
http://www.thehindubusinessline.com/2009/10/20/stories/2009102050201000.htm

Rubber production slips 5.7% in Jan-Aug

News-National
Spot rubber improves on covering purchases
Kottayam: Spot rubber continued to post moderate gains on Wednesday. According to sources the market improved mainly on covering purchases. It was also rumoured that the major consuming industries were active in the main marketing centres but they preferred to keep a low profile. Sheet rubber moved up to Rs 108.50 from Rs 107.50 a kg and the market made all-round gains with comparatively better volumes.

Futures firm
The October futures for RSS 4 firmed up to Rs 108.48 (107.73), November to Rs 109.50 (109.12), December to Rs 111.42 (111.05) and January to Rs 113.19 (112.54) a kg on National Multi Commodity Exchange (NMCE). RSS 3 improved at its October futures to ¥216 (¥215) (Rs 111.59), November to ¥219.6 (¥216.4), December to ¥219.2 (¥218.7), January to ¥218 (¥217.8), February to ¥217.5 (¥217) and March to ¥217.9 (¥217.4) a kg during the day session on Tokyo Commodity Exchange (TOCOM). The November futures concluded at ¥220.8, December at ¥218.4, January at ¥216.6, February at ¥216.2 and March at ¥216.3 a kg while the October futures remained inactive during the night session. RSS 3 slipped to Rs 111.22 (111.62) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) firmed up further to Rs 110.89 (110.41) a kg at Bangkok. (BL)
http://www.thehindubusinessline.com/2009/10/15/stories/2009101550581600.htm
Rubber production slips 5.7% in Jan-Aug
Kochi: The country’s natural rubber production slipped 5.7 per cent during the first eight months of 2009.

The Rubber Board has indicated that the trend is likely to continue and the year may close with a production shortfall of 3.7 per cent over last year.

In this backdrop, prices are likely to remain steady to firm this year, sources in the rubber trade said. Supporting the domestic price line, output of seven major rubber-producing countries, accounting for 93 per cent of the global production, recorded a 3.7 per cent fall during the 12 months ending August compared with the previous year.

Although better production in August helped reduce the global shortfall, the deficit continues and prices are expected to remain firm. (BL)
http://www.thehindubusinessline.com/2009/10/15/stories/2009101550611600.htm

रबड़ समाचार

Covering buys buoy spot rubber prices
Kottayam: Physical rubber prices improved on Tuesday. The market gained on covering purchases on early trades and managed to sustain in the positive side though the initial energy was wiped-out later following the weakness in domestic futures.

Buyers stayed back on late trades as the Japanese futures surrendered the day’s gains partially towards the morning close. Sheet rubber improved to Rs 107.50 from Rs 107 a kg but the grade was seller at the quoted rate during the closing hours.

The trend was mixed as ungraded rubber and ISNR 20 finished unchanged amidst comparatively dull volumes.

Futures slip
RSS 4 slipped at its October futures to Rs 107.65 (108.06), November to Rs 109 (109.91), December to Rs 110.80 (111.44) and January to Rs 112.59 (112.89) a kg on National Multi Commodity Exchange (NMCE). (BL)
http://www.thehindubusinessline.com/2009/10/14/stories/2009101451461200.htm

Mixed trend in spot rubber

Mixed trend in spot rubber
Kottayam: Spot rubber witnessed a mixed trend on Wednesday. There was no fresh demand from major consuming industries and most of the grades slipped on buyer resistance though the arrivals were meagre.

Sheet rubber continued to trade unchanged at Rs 107 a kg amidst low volumes.

Meanwhile, latex 60% improved against the general trend on better demand coupled with short supply.

Futures slip
The October futures for RSS 4 slipped to Rs 106 (106.94), November to Rs 106.13 (107.03), December to Rs 107.25 (Rs 108.34) and January to Rs 109.15 (Rs 109.98) a kg on National Multi Commodity Exchange (NMCE), . (BL)
http://www.thehindubusinessline.com/2009/10/08/stories/2009100852141600.htm

rubber rates

Latex 67 incl tax abvl various brands,
Co's no offer.
Lot99buyer,no seller
RSSv103buyer
RSSiv107buyer,no seller
ISNR20@97buyer.
kochi@97 buyer
Market tight..

Rubber Board to give priority for upgrading quality of RSS-4 sheets

Rubber Board to give priority for upgrading quality of RSS-4 sheets
Kottayam: The Rubber Board would give high priority for quality upgradation of RSS 4 grade sheets as it forms the main component for the manufacture of radial tyres brought out by the tyre companies. It is an important part of the future action plans now under consideration of the Board and this objective could be realised by group processing with the active cooperation of the Rubber Producers Societies, said Mr Sajen Peter, Chairman Rubber Board at a meet the press programme organised by the Press Club, Kottayam.

The sheet rubber produced by the Indian rubber grower is the best in the world. However, the Board will have to constantly monitor the quality aspects, especially when the rubber required for radial should not be less than grade four. Evaluating the price situation, Mr Peter said compared with the prices obtained in 1980-81, the present price could not be termed high, as in fact it is 0.55 per cent less. (BL)
http://www.thehindubusinessline.com/2009/10/03/stories/2009100350611000.htm