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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.
04.23
Domestic Future Markets, India Natural Rubber Prices Fall per Kg
Written By mine on Kamis, 24 Februari 2011 | 04.23
Natural Rubber prices today fell by Rs seven to Rs 231 per kg in the domestic market due to fall in the prices in the International and domestic future markets.
The prices of natural rubber yesterday at the Kottayam market were ruling at Rs 238 per kg.
"Fall in prices of rubber in the international market, Tokyo Commodity exchange (TOCOM) and in the domestic market has affected the prices in the physical markets here," Indian Rubber Dealers Association President George Valy told PTI.
"Internationally there is lot of voltality in the prices of rubber," Valy added.
Prices of natural rubber in the Bangkok market closed at Rs 289.31 per kg as against Rs 292.05 per kg yesterday.
"The prices in the domestic future markets have been affected due to a fall in the prices in TOCOM," National Multi Commodity Exchange Chief Executive Office Anil Mishra told PTI.
"The prices of rubber at Shanghai, the largest consumer, have also fallen as the demand from China is declining and this has again affected the prices," Mishra added.
A two-day Rubber Convention began here today aiming to bring together the government, private investors, rubber growers and traders in a common platform in an initiative by the Confederation of Indian Industries (CII).
CII officials said that the convention included conclave and exhibition for identifying business opportunities through exchange of ideas, knowledge and experience as well as to apprise the rubber growers on intermediary and affordable technologies for rubber processing.
At the conclave, Tripura Industrial Development Corporation (TIDC) Pabitra Kar addressed the key issues in enabling investors to consider Tripura as an important investment destination and the need for cost-effective processing technologies.
''The exhibition showcased the technology required in cultivation, harvest and processing stages and how it would help the entrepreneurs to know about intermediate technology available for rubber processing and enable them to move up the value chain, create business prospect and adopt market-driven practices,'' Mr Kar said.
As many as 25 investment groups and top officials of CII and All India Rubber Industries Association (AIRIA) have attended the conclave while hundreds of rubber growers from different parts of the state participated in the programme.
The CII officials pointed out, being the second largest quality latex producer state in the country, Tripura required to expose rubber processing technologies and machineries.
The prices of natural rubber yesterday at the Kottayam market were ruling at Rs 238 per kg.
"Fall in prices of rubber in the international market, Tokyo Commodity exchange (TOCOM) and in the domestic market has affected the prices in the physical markets here," Indian Rubber Dealers Association President George Valy told PTI.
"Internationally there is lot of voltality in the prices of rubber," Valy added.
Prices of natural rubber in the Bangkok market closed at Rs 289.31 per kg as against Rs 292.05 per kg yesterday.
"The prices in the domestic future markets have been affected due to a fall in the prices in TOCOM," National Multi Commodity Exchange Chief Executive Office Anil Mishra told PTI.
"The prices of rubber at Shanghai, the largest consumer, have also fallen as the demand from China is declining and this has again affected the prices," Mishra added.
A two-day Rubber Convention began here today aiming to bring together the government, private investors, rubber growers and traders in a common platform in an initiative by the Confederation of Indian Industries (CII).
CII officials said that the convention included conclave and exhibition for identifying business opportunities through exchange of ideas, knowledge and experience as well as to apprise the rubber growers on intermediary and affordable technologies for rubber processing.
At the conclave, Tripura Industrial Development Corporation (TIDC) Pabitra Kar addressed the key issues in enabling investors to consider Tripura as an important investment destination and the need for cost-effective processing technologies.
''The exhibition showcased the technology required in cultivation, harvest and processing stages and how it would help the entrepreneurs to know about intermediate technology available for rubber processing and enable them to move up the value chain, create business prospect and adopt market-driven practices,'' Mr Kar said.
As many as 25 investment groups and top officials of CII and All India Rubber Industries Association (AIRIA) have attended the conclave while hundreds of rubber growers from different parts of the state participated in the programme.
The CII officials pointed out, being the second largest quality latex producer state in the country, Tripura required to expose rubber processing technologies and machineries.
11.18
Malaysia Rubber Prices Bullish, India Natural Rubber Record High
Written By mine on Minggu, 23 Januari 2011 | 11.18
Malaysian Rubber Board's official physical seller price for tyre-grade SMR 20 surged 53 sen to 1,646 sen per kg from 1,593 sen last week. India's production of natural rubber in 2010 is estimated at around 8.5 lakh tonnes, whereas the total demand for natural rubber in the country is nearly 10 lakh tonnes per annum.
Rubber prices are expected to continue to scale new highs next week, says a dealer. Natural rubber prices in the global market touched a fresh high of Rs 250 per kg as strong demand from China and the US is fuelling the prices of the commodity.
The dealer said solid demand and a tight supply due to the rainy season would continue to keep the market bullish. "We will see the bad weather pushing prices while the high crude oil price will also boost the market," a dealer said. He said the wintering season is expected to continue until April.
Latex in bulk rose 24 one sen to 1,028.5 sen per kg from 1,004.5 sen previously. The unofficial seller closing price for tyre-grade SMR 20 rose 56.5 sen to hit 1,656.5 sen per kg from 1,600 sen last week, while latex in bulk increased 22.5 sen to 1,030.5 sen per kg from 1,008 sen previously.
Continuing its gain for the third straight week, natural rubber prices today touched all time high of Rs 230 per kg on strong global cues.
Prices of natural rubber, a key component for making tyres, today closed at Rs 230 per kg in Kottayam and Kochi, which accounts for 90 per cent of the country's production.
According to industry sources, the rally in natural rubber prices is due to the surge in prices of the commodity in the international market.
"International prices are at record high level and are likely to remain at that level in near future due to strong demand," Indian Rubber Dealers Federation Treasurer Ibrahim Jalal has said. Domestic prices are following the international trend, he added.
A surge in demand from the US on the back of better-than-expected growth in the automotive segment is further pushing the global prices of the commodity and the impact is also felt on the domestic market, said an expert.
However, the present rally in the prices of commodity is due to the global cues as the supply situation in the country has improved, Jalal said.
Rubber prices are expected to continue to scale new highs next week, says a dealer. Natural rubber prices in the global market touched a fresh high of Rs 250 per kg as strong demand from China and the US is fuelling the prices of the commodity.
The dealer said solid demand and a tight supply due to the rainy season would continue to keep the market bullish. "We will see the bad weather pushing prices while the high crude oil price will also boost the market," a dealer said. He said the wintering season is expected to continue until April.
Latex in bulk rose 24 one sen to 1,028.5 sen per kg from 1,004.5 sen previously. The unofficial seller closing price for tyre-grade SMR 20 rose 56.5 sen to hit 1,656.5 sen per kg from 1,600 sen last week, while latex in bulk increased 22.5 sen to 1,030.5 sen per kg from 1,008 sen previously.
Continuing its gain for the third straight week, natural rubber prices today touched all time high of Rs 230 per kg on strong global cues.
Prices of natural rubber, a key component for making tyres, today closed at Rs 230 per kg in Kottayam and Kochi, which accounts for 90 per cent of the country's production.
According to industry sources, the rally in natural rubber prices is due to the surge in prices of the commodity in the international market.
"International prices are at record high level and are likely to remain at that level in near future due to strong demand," Indian Rubber Dealers Federation Treasurer Ibrahim Jalal has said. Domestic prices are following the international trend, he added.
A surge in demand from the US on the back of better-than-expected growth in the automotive segment is further pushing the global prices of the commodity and the impact is also felt on the domestic market, said an expert.
However, the present rally in the prices of commodity is due to the global cues as the supply situation in the country has improved, Jalal said.
