Rubber Futures Pare Gains as Investors Lock in Profit After Record Rally

Rubber Futures Pare Gains as Investors Lock in Profit After Record Rally
Posted: 13 Dec 2010 10:45 PM PST
Rubber retreated from a record rally as some investors cashed in profits and falling crude oil cut the appeal of the commodity used to make tires and gloves. The cash price in Thailand also reached a record. May-delivery rubber on the Tokyo Commodity Exchange declined as much as 0.8 percent to 392.5 yen per kilogram (4,703 a metric ton) after climbing to an all-time high of 400.1 yen earlier.




Thai Physical Rubber Price Climbs to Record 141.05 Baht a Kilo
Posted: 13 Dec 2010 10:42 PM PST
Dec. 14 (Bloomberg) -- The physical price of natural rubber in Thailand, the world’s largest producer and exporter, climbed to a record 141.05 baht per kilogram, from 138.55 baht yesterday, as persistent rains have lowered output amid continued demand from China and India, according to the Rubber Research Institute of Thailand. (Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=




Spot rubber gains as growers hold back stocks
Posted: 13 Dec 2010 10:40 PM PST
Kottayam, Dec. 13 Spot rubber prices improved on Monday. On the spot, prices firmed up reacting to sharp gains in the domestic and international markets. Supply concerns continued to haunt the sentiments though there has been a positive change in weather as rains subsided during the past couple of days. According to observers, growers mostly preferred to hold on their stocks expecting the rally




Tokyo rubber futures hit record high
Posted: 13 Dec 2010 10:38 PM PST
Singapore (december 14, 2010) : the most active rubber contract on the tokyo commodity exchange surged to a record on monday on fund buying driven by tight supply in producing countries and rising imports from top consumer china. tocom's may rubber contract hit a high at 396.4 yen a kg before settling at 395.5 yen, up 13.6 yen from previous settlement. the previous record was 388.9 yen a kg hit



Spot rubber rules firm


Kottayam, Dec. 14

The physical rubber prices were firm on Tuesday. According to analysts, the market moved up since the gap between the domestic and international rates widened mainly following the spurt in Bangkok spot prices.

Weakness on NMCE failed to dampen the sentiments though it affected the strength partially during closing hours. There were no buyers from major consuming industries or quantity sellers but the undercurrent was bullish as the inflow of the raw material continued to be meagre.

Sheet rubber improved to Rs 200 (199.50) a kg according to traders. The grade settled firm at Rs 199.50 (198.50) a kg both at Kottayam and Kochi as reported in the official website of the Rubber Board.

RSS 4 weakened at the December series to Rs 200.50 (201.23), January to Rs 203.97 (205.06), February to Rs 207.15 (208.31) and March to Rs 210.40 (211.12) a kg on National Multi Commodity Exchange (NMCE). The volumes totalled 6198 lots and open interest 6852 lots. The turnover was Rs 127.98 crores.

The December futures for RSS 3 increased to ¥387.7 (Rs 210.22) from ¥385.9 a kg during the day session but then slipped to ¥385 (Rs 208.73) in the night session on Tokyo Commodity Exchange (TOCOM). RSS 3 (spot) flared up to Rs 212.63 (208.69) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 200 (199.50); RSS-5: 191 (189.50); ungraded: 187 (186); ISNR 20: 193 (191.50) and latex 60 per cent: 128 (128).