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
Wednesday, October 21, 2009
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.
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
Tuesday, October 20, 2009
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
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
Friday, October 16, 2009
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
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
Thursday, October 15, 2009
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
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
Thursday, October 8, 2009
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
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
Wednesday, October 7, 2009
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..
Co's no offer.
Lot99buyer,no seller
RSSv103buyer
RSSiv107buyer,no seller
ISNR20@97buyer.
kochi@97 buyer
Market tight..
Monday, October 5, 2009
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
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
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