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23.30
Indonesia Rubber Prices Rises as Market Demand Rises
Written By mine on Senin, 27 Februari 2012 | 23.30
Indonesia rubber prices approaching U.S. $ 4 per kilogram. Blessing is not separated from the increasing market demand. Executive Secretary of the Indonesian Rubber Companies Association (Gapkindo) of North Sumatra, Edy Irwansyah, in Medan, Sunday (26/2), say for shipment in April 2012 the price of Indonesian rubber SIR type 20 closed U.S. $ 3.828 per kg.
He argues, for shipment in August, export prices in the Singapore bourse was closed on February 24 and the position of U.S. 3.879 per kg.
"It is difficult to predict whether prices can penetrate four U.S. dollars per kg again as ever. But with prices approaching U.S. $ 4 U.S. per kg as of today, the export commodities that excited anymore, "said Edy.
The increase in rubber export prices was also directly affect the prices at local markets. If the price of rubber in the manufacturer has Rp29.400 - Rp31.400 per kg.
Rubber traders in North Sumatra, M. Harahap, said that while prices rose, but it's hard to get the sap from the farmer. "The production of increasingly stringent farmers due to weather," he said.
Rubber supply of the little farmer and stock are depleted in the hands of collectors made ??in the manufacturer's selling price bokar grow stronger.
He argues, for shipment in August, export prices in the Singapore bourse was closed on February 24 and the position of U.S. 3.879 per kg.
"It is difficult to predict whether prices can penetrate four U.S. dollars per kg again as ever. But with prices approaching U.S. $ 4 U.S. per kg as of today, the export commodities that excited anymore, "said Edy.
The increase in rubber export prices was also directly affect the prices at local markets. If the price of rubber in the manufacturer has Rp29.400 - Rp31.400 per kg.
Rubber traders in North Sumatra, M. Harahap, said that while prices rose, but it's hard to get the sap from the farmer. "The production of increasingly stringent farmers due to weather," he said.
Rubber supply of the little farmer and stock are depleted in the hands of collectors made ??in the manufacturer's selling price bokar grow stronger.
08.01
Natural Rubber Export Indonesia 2011 Drop on weaker Rubber Demand
Written By mine on Jumat, 18 November 2011 | 08.01
Natural rubber exports Indonesia in the fourth quarter are seen dropping to 500,000 tonnes, from more than 600,000 tonnes per quarter so far this year, on weaker demand from key consumers such as China, an industry official said on Friday.
Worries about slowing demand could lead growers in the world?s second-biggest rubber producer to cut exports if prices keep falling, the country?s rubber association said, ahead of a meeting at the end of this week by top producers to discuss the market.
?Our natural rubber demand from the international market, especially from China and other parts of the globe, has been starting to weaken since October,? Suharto Honggokusumo, executive director of industryassociation Gapkindo, told Reuters.
?We estimate that in the fourth quarter our exports may reach around 500,000 tonnes.?
Indonesia?s January-to-September natural rubber exports were 1.94 million tonnes, up from 1.7 million tonnes in the same period in 2010, Honggokusumo said.
Honggokusumo said he was still optimistic the country?s total natural rubber exports in 2011 would reach 2.4 million tonnes, up from last year?s annual exports of 2.2 million tonnes, but below an earlier forecast for 2.6 millionthis year.
Slowing demand from top consumer China, which accounts for about 35 percent of global consumption, has led it to increase rubber stocks in several tyre-making industrial centres such as in Shandong province, he said.
?Natural rubber prices are down now at $3.3 per kg and Gapkindo has been asking its members to halt rubber exports if the price falls below $3.0 per kg,? Honggokusumo said.
Such a move by the world?s second-largest rubber producer would mirror a recent export ban self-imposed by tin smelters seeking to prop up global tin prices. Indonesia is the world?s top tin exporter.
Tokyo rubber futures ended lower on Friday on profit-taking after recent gains, but prices were still propped up by expectations of further intervention by major producing countries this weekend, dealers said.
The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> for April delivery fell 5.1 yen to settle at 273.5 yen ($3.55) per kg.
The world?s top three rubber-producing countries ? Thailand ? Indonesia and Malaysia ? are meeting in Bangkok where a decision on measures to stabilise falling rubber prices is expected on Saturday.
Benchmark Thai smoked rubber sheet (RSS3) has almost halved from a record high of $6.40 per kg in February. It ended at $3.45 per kg on Friday.
Worries about slowing demand could lead growers in the world?s second-biggest rubber producer to cut exports if prices keep falling, the country?s rubber association said, ahead of a meeting at the end of this week by top producers to discuss the market.
?Our natural rubber demand from the international market, especially from China and other parts of the globe, has been starting to weaken since October,? Suharto Honggokusumo, executive director of industryassociation Gapkindo, told Reuters.
?We estimate that in the fourth quarter our exports may reach around 500,000 tonnes.?
Indonesia?s January-to-September natural rubber exports were 1.94 million tonnes, up from 1.7 million tonnes in the same period in 2010, Honggokusumo said.
Honggokusumo said he was still optimistic the country?s total natural rubber exports in 2011 would reach 2.4 million tonnes, up from last year?s annual exports of 2.2 million tonnes, but below an earlier forecast for 2.6 millionthis year.
Slowing demand from top consumer China, which accounts for about 35 percent of global consumption, has led it to increase rubber stocks in several tyre-making industrial centres such as in Shandong province, he said.
?Natural rubber prices are down now at $3.3 per kg and Gapkindo has been asking its members to halt rubber exports if the price falls below $3.0 per kg,? Honggokusumo said.
Such a move by the world?s second-largest rubber producer would mirror a recent export ban self-imposed by tin smelters seeking to prop up global tin prices. Indonesia is the world?s top tin exporter.
Tokyo rubber futures ended lower on Friday on profit-taking after recent gains, but prices were still propped up by expectations of further intervention by major producing countries this weekend, dealers said.
The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> for April delivery fell 5.1 yen to settle at 273.5 yen ($3.55) per kg.
The world?s top three rubber-producing countries ? Thailand ? Indonesia and Malaysia ? are meeting in Bangkok where a decision on measures to stabilise falling rubber prices is expected on Saturday.
Benchmark Thai smoked rubber sheet (RSS3) has almost halved from a record high of $6.40 per kg in February. It ended at $3.45 per kg on Friday.
12.45
Rubber Market Outlook Improve as Rubber Supply Tight
Written By mine on Minggu, 23 Oktober 2011 | 12.45
Outlook rubber market for the Malaysian is expected to improve next week as supply remains tight and output sluggish, dealers said.
A dealer said the euro debt crisis will, however, continue to loom over the
market with traders adopting a wait-and-see attitude.
Meanwhile, dealers expect the Tokyo Commodity Exchange to be higher
next week as oil prices improve.
For the week just-ended, the Malaysian Rubber Board's official physical
price for tyre-grade SMR 20 dropped 90 sen to 1217.50 sen per kg while
latex-in-bulk softened 27 sen to 799.00 sen per kg.
The unofficial closing price for SMR 20 dropped 100.5 sen to 1203.50 sen per
kg while latex-in-bulk eased 26.5 sen to 798.00 sen.
he outlook of the Malaysian rubber market is expected to be uncertain this week despite the tight supply, dealers said.
A dealer said production has been hit by the uncertain weather.
?Thailand, the largest rubber producer, is badly affected by flooding and the market's direction is still uncertain,? he said.
However, he said, the physical prices were likely to take the lead from the movements on the Tokyo Commodity Exchange and Shanghai Futures Exchange.
On a week-to-week basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell seven sen to 1,307.5 sen per kg from 1,314.5 sen previous Friday.
Latex-in-bulk gained 2.5 sen to 826 sen per kg versus previous Friday's close of 823.5 sen. The unofficial closing price for SMR 20 dropped 15 sen to 1,304 sen per kg, against 1,319 sen previously. Latex-in-bulk shed 2.5 sen to 824.5 sen, from 827 sen a week ago.
A dealer said the euro debt crisis will, however, continue to loom over the
market with traders adopting a wait-and-see attitude.
Meanwhile, dealers expect the Tokyo Commodity Exchange to be higher
next week as oil prices improve.
For the week just-ended, the Malaysian Rubber Board's official physical
price for tyre-grade SMR 20 dropped 90 sen to 1217.50 sen per kg while
latex-in-bulk softened 27 sen to 799.00 sen per kg.
The unofficial closing price for SMR 20 dropped 100.5 sen to 1203.50 sen per
kg while latex-in-bulk eased 26.5 sen to 798.00 sen.
he outlook of the Malaysian rubber market is expected to be uncertain this week despite the tight supply, dealers said.
A dealer said production has been hit by the uncertain weather.
?Thailand, the largest rubber producer, is badly affected by flooding and the market's direction is still uncertain,? he said.
However, he said, the physical prices were likely to take the lead from the movements on the Tokyo Commodity Exchange and Shanghai Futures Exchange.
On a week-to-week basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell seven sen to 1,307.5 sen per kg from 1,314.5 sen previous Friday.
Latex-in-bulk gained 2.5 sen to 826 sen per kg versus previous Friday's close of 823.5 sen. The unofficial closing price for SMR 20 dropped 15 sen to 1,304 sen per kg, against 1,319 sen previously. Latex-in-bulk shed 2.5 sen to 824.5 sen, from 827 sen a week ago.
21.20
Malaysian Rubber Market Prices Ranging per Kg
Written By mine on Kamis, 21 Juli 2011 | 21.20
Malaysian rubber market is expected to see steady trading this week with its price ranging between 1,319 sen to 1,354 sen per kg, dealers said.
?Prices may move in tandem with most markets in the region,? said a dealer.
The dealer said the recovering global oil price could help push the Tokyo rubber futures, but profit-taking activities could curb the price rise.
On a week-to-week basis, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 stayed flat at RM1,354 sen per kg as with previous Friday's closing, while latex-in-bulk gained five sen to 882.5 sen per kg from 887.5 sen per kg previously.
The unofficial closing price for tyre-grade SMR 20 increased to another 8.5 sen to 1,360 sen per kg from 1,351.5 sen per kg which was recorded previous Friday, while latex-in-bulk decreased five sen to 887.5 sen per kg from 892.5 sen per kg previous last Friday.
?Prices may move in tandem with most markets in the region,? said a dealer.
The dealer said the recovering global oil price could help push the Tokyo rubber futures, but profit-taking activities could curb the price rise.
On a week-to-week basis, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 stayed flat at RM1,354 sen per kg as with previous Friday's closing, while latex-in-bulk gained five sen to 882.5 sen per kg from 887.5 sen per kg previously.
The unofficial closing price for tyre-grade SMR 20 increased to another 8.5 sen to 1,360 sen per kg from 1,351.5 sen per kg which was recorded previous Friday, while latex-in-bulk decreased five sen to 887.5 sen per kg from 892.5 sen per kg previous last Friday.
10.33
Rubber Commodity market and trading in Asia
Written By mine on Rabu, 03 November 2010 | 10.33
Rubber has soared about 20 percent on the Tokyo Commodity Exchange this year as the wetter-than-normal weather lowered output, tightening supply at a time when stockpiles in China, the largest buyer, have dropped 71 percent from the year?s high.
Futures in Shanghai surged as much as 3.5 percent to 33,190 yuan ($4,975) a metric ton today, nearing the record of 33,320 yuan reached on Oct. 26.
The flooding across Thailand has killed 107 people and damaged more than 3 percent of farmland, the Department of Disaster Prevention and Mitigation said today. Aside from Songkhla, two other cash-rubber markets in Thailand?s south remained open today, the research institute said.
A ?shortage of supply could worsen as floods in Thailand and Malaysia disrupted tapping activities, affecting output,? said Ker Chung Yang, a commodity analyst at Phillip Futures. ?Firm fundamentals could push prices? higher, he said.
Thai Forecast
Rubber output in Thailand may decline 4.1 percent in the fourth quarter to 930,000 tons, Luckchai Kittipol, President of the Thai Rubber Association, said on Nov. 1.
Floods and heavy rains have also affected Malaysia and Vietnam, the third- and fourth-largest exporters.
Malaysia evacuated more than 19,000 people in the northern states of Kedah and Perlis because of floods, the Star newspaper reported today, citing Padang Terap District Police Chief Ku Yaacob Ku Hamad and Perlis Chief Minister Md Isa Sabu.
Floods in the central provinces of Vietnam have left eight people dead and six missing in the past six days, damaging 6,722 houses and 17,891 hectares (44,210 acres) of rice and other crop land, according to a statement on the government?s website.
Output from India, the fourth-biggest producer, declined 7.6 percent to 82,000 tons in October due to excess rain, the state-run Rubber Board said on Nov. 2. Lower output boosted imports 81 percent to 18,148 tons, it said.
Global production this year is unlikely to increase more than 5.3 percent to 9.4 million tons, compared with a previous forecast for a 6.3 percent rise, the Association of Natural Rubber Producing Countries has said. A further cut in the output forecast is expected, the group has said.
Natural-rubber imports by China may surge 42 percent in the fourth quarter, bringing total purchases this year to 1.68 million tons compared with 1.59 million last year, the group said. China accounts for more than 33 percent of global demand.
?With such underlying fundamentals, I would suggest Tocom rubber will break a significant psychological resistance of 340 yen soon,? said Phillip?s Ker. The contract ended on Nov. 22 at 331.90 yen per kilogram.
Futures in Shanghai surged as much as 3.5 percent to 33,190 yuan ($4,975) a metric ton today, nearing the record of 33,320 yuan reached on Oct. 26.
The flooding across Thailand has killed 107 people and damaged more than 3 percent of farmland, the Department of Disaster Prevention and Mitigation said today. Aside from Songkhla, two other cash-rubber markets in Thailand?s south remained open today, the research institute said.
A ?shortage of supply could worsen as floods in Thailand and Malaysia disrupted tapping activities, affecting output,? said Ker Chung Yang, a commodity analyst at Phillip Futures. ?Firm fundamentals could push prices? higher, he said.
Thai Forecast
Rubber output in Thailand may decline 4.1 percent in the fourth quarter to 930,000 tons, Luckchai Kittipol, President of the Thai Rubber Association, said on Nov. 1.
Floods and heavy rains have also affected Malaysia and Vietnam, the third- and fourth-largest exporters.
Malaysia evacuated more than 19,000 people in the northern states of Kedah and Perlis because of floods, the Star newspaper reported today, citing Padang Terap District Police Chief Ku Yaacob Ku Hamad and Perlis Chief Minister Md Isa Sabu.
Floods in the central provinces of Vietnam have left eight people dead and six missing in the past six days, damaging 6,722 houses and 17,891 hectares (44,210 acres) of rice and other crop land, according to a statement on the government?s website.
Output from India, the fourth-biggest producer, declined 7.6 percent to 82,000 tons in October due to excess rain, the state-run Rubber Board said on Nov. 2. Lower output boosted imports 81 percent to 18,148 tons, it said.
Global production this year is unlikely to increase more than 5.3 percent to 9.4 million tons, compared with a previous forecast for a 6.3 percent rise, the Association of Natural Rubber Producing Countries has said. A further cut in the output forecast is expected, the group has said.
Natural-rubber imports by China may surge 42 percent in the fourth quarter, bringing total purchases this year to 1.68 million tons compared with 1.59 million last year, the group said. China accounts for more than 33 percent of global demand.
?With such underlying fundamentals, I would suggest Tocom rubber will break a significant psychological resistance of 340 yen soon,? said Phillip?s Ker. The contract ended on Nov. 22 at 331.90 yen per kilogram.
23.45
Rubber Prices Drops as European Debt Concerns Trigger Industrial Commodity Sales
Written By mine on Kamis, 30 September 2010 | 23.45
Rubber prices dropped from a five-month high as concern grew that European government finances may be worsening, leading to sales of industrial commodities.
The most-active contract dropped 0.4 percent to 307.9 yen per kilogram ($3,656 a metric ton) before settling at 308.5 yen on the Tokyo Commodity Exchange. The contract touched 312.8 yen yesterday, the highest since April 28.
Asian stocks declined today as yield spreads showed perceptions of Ireland and Portugal?s creditworthiness are deteriorating. Oil and base metals also dropped.
?Rubber tracked losses in equities and other industrial commodities,? Takaki Shigemoto, an analyst at JSC Corp. in Tokyo, said by phone. ?Risk aversion by investors increased amid renewed concern over the European debt issue.?
The MSCI Asia Pacific Index lost 0.7 percent to 126.21 at 4:56 p.m. Tokyo time. Irish bond yields rose to a record against German bunds yesterday and Portugal?s borrowing costs also increased as the countries struggled to rein in their budget deficits. The spread between Irish and German 10-year government bond yields widened to 434 basis points today.
?Concerns about the global economic outlook haven?t cleared,? said Yasushi Noguchi, a strategist at SMBC Friend Securities Co. in Tokyo. ?There are still issues related to Europe?s debt.?
Losses in rubber futures were limited as cash prices increased amid expectations that supplies may remain tight, said JSC?s Shigemoto.
Largest Exporter
Shippers in Thailand, the world?s largest exporter, offered so-called RSS-3 grade rubber for November at $3.59 a kilogram, up from $3.52 at the end of last week, he said.
?Demand from tire makers was strong, while supply was curbed by wet weather,? Shigemoto said.
Natural-rubber supply will be curbed next year as yields from aging trees decline and output growth slows, according to the Association of Natural Rubber Producing Countries. Thailand, Indonesia and Malaysia are the three biggest producers.
?While supply remains tight throughout this year, the possibility of change is remote in 2011,? Jom Jacob, the group?s senior economist, said in a statement earlier this month. The market remains ?bullish? as rains disrupt supply from Thailand and Indonesia, the group said.
The March-delivery contract on the Shanghai Futures Exchange climbed 0.4 percent to 26,685 yuan ($3,987) a ton.
The most-active contract dropped 0.4 percent to 307.9 yen per kilogram ($3,656 a metric ton) before settling at 308.5 yen on the Tokyo Commodity Exchange. The contract touched 312.8 yen yesterday, the highest since April 28.
Asian stocks declined today as yield spreads showed perceptions of Ireland and Portugal?s creditworthiness are deteriorating. Oil and base metals also dropped.
?Rubber tracked losses in equities and other industrial commodities,? Takaki Shigemoto, an analyst at JSC Corp. in Tokyo, said by phone. ?Risk aversion by investors increased amid renewed concern over the European debt issue.?
The MSCI Asia Pacific Index lost 0.7 percent to 126.21 at 4:56 p.m. Tokyo time. Irish bond yields rose to a record against German bunds yesterday and Portugal?s borrowing costs also increased as the countries struggled to rein in their budget deficits. The spread between Irish and German 10-year government bond yields widened to 434 basis points today.
?Concerns about the global economic outlook haven?t cleared,? said Yasushi Noguchi, a strategist at SMBC Friend Securities Co. in Tokyo. ?There are still issues related to Europe?s debt.?
Losses in rubber futures were limited as cash prices increased amid expectations that supplies may remain tight, said JSC?s Shigemoto.
Largest Exporter
Shippers in Thailand, the world?s largest exporter, offered so-called RSS-3 grade rubber for November at $3.59 a kilogram, up from $3.52 at the end of last week, he said.
?Demand from tire makers was strong, while supply was curbed by wet weather,? Shigemoto said.
Natural-rubber supply will be curbed next year as yields from aging trees decline and output growth slows, according to the Association of Natural Rubber Producing Countries. Thailand, Indonesia and Malaysia are the three biggest producers.
?While supply remains tight throughout this year, the possibility of change is remote in 2011,? Jom Jacob, the group?s senior economist, said in a statement earlier this month. The market remains ?bullish? as rains disrupt supply from Thailand and Indonesia, the group said.
The March-delivery contract on the Shanghai Futures Exchange climbed 0.4 percent to 26,685 yuan ($3,987) a ton.
