A Look Back at Rubber Market News From 2012 -2013
Rubber Market News was an aggregator of rubber related news collected from public sources on the internet. They would codify the information for easy reference. This was their website for a number of years.
Content is from the site's 2012- 2013 archived pages offering a glimpse of the type of articles they provided their readership.
NEWS
Natural Rubber News
Asian Rubber Futures End Mixed; Prices May Hit $4 Per Kg In Q1
8 January 2013, 17:45 SEAST Asian rubber settled mixed Tuesday as firm fundamentals support, but… more »
- Macroeconomic long and short interwoven Shanghai rubber concussion
- In January 9th early Shanghai rubber down 50 to 26,130 yuan
- Tocom Rubber extends gains on weaker Yen
- Rubber Breaches 300-Yen Level as Yen Drops on Stimulus Outlook
- India Rubber board to hold training on scientific Rubber harvesting
- Tocom Rubber futures hit 7-1/2 month high on weak yen
- Rubber climbs to seven-month high on weak Yen
- Asian physical rubber prices were mixed in December 24
- Asian physical rubber prices were mostly decline 21 December, thinly traded
Macroeconomic long and short interwoven Shanghai rubber concussion
Written by HMH |January 10, 2013
Thursday, Shanghai rubber trapped in the the debts range of shock consolidation trend among the background due to the macroeconomic long and short interweave impact.
Treasuries in the resolution of the European Central Bank to discuss interest rates, the auction of the two countries and Italy West market risk sentiment led eurozone economic performance is not satisfactory while Italian West the bilateral New Year for the first time to return to the financial markets, issuing bonds results also make the market cautious.
The euro is facing an upward trend since July last year, since the threat of rising momentum weakened. The resolution of the European Central Bank to discuss interest rates, Governor Mario Draghi speech and meaning West sold the debt will become a key turning point in determining the future trend of the euro. The European Central Bank will announce the latest interest rate decision, the market is widely expected to keep interest rates unchanged for 0.75%. President Mario Draghi held a press conference to express their views on the economic prospects for the euro area, inflation and monetary policy will be expected to Draghi.
At the same time, the Bank of England will announce the latest interest rate decision, the market expected the bank to keep interest rates 0.5% and 375 billion pounds of asset purchases unchanged. Neutral impact of natural rubber.
While Washington just to avoid the U.S. economy plunged into a financial cliff danger, turn to face the new challenges, within the next few months, the United States may face fall into the debt ceiling crisis. The financial cliff placed before the United States is just tip of the iceberg. American financial operation and debt raised space is getting smaller and smaller. If you do not change the debt-dependent mode, delaying strategy has been difficult to break the vicious cycle of fiscal cliff.
The crisis can resolve, depending on how Washington will solve the debt ceiling and the long-term spending problems, negotiations on these issues is likely to increase fiscal austerity, and even lead to the United States was downgraded. A bearish impact on the natural rubber.
The domestic side, the end of the year, broad money (M2) balance of 97.42 trillion yuan, a year-on-year growth of 13.8%, to a low of 0.1 percentage points compared to the end of November, 0.2 percentage points than the previous year, increased inflationary pressures, to constitute a bullish Shanghai rubber.
The market outlook Shanghai rubber after appropriate adjustments, may still continue to rise.
In January 9th early Shanghai rubber down 50 to 26,130 yuan
Written by HMH | January 10, 2013
January 8, Shanghai rubber fluctuated, the main contract RU1305 rose from 105 to 26,180 yuan, a net reduction of more than 20,000 hands to 38.6 million hand full day’s total trading volume, open interest net decrease of 0.3 million hand to 17.8 thousand hands. 9 in early trading, the contract the RU1305 futures prices vulnerable shocks, 50-26130 yuan closed up for the time being, the half-day hands with a total volume of 18.9 million, a net increase of 0.8 million hand positions to 18.6 million contracts.
Dong Jingjiao rose across the board, up down 0.7-2.4 yen, the short and long term contracts on the price of running to 293-308 yen, half-day hands with a total volume of 0.7 million, 3.1 million hand positions, trading flat.
The international producing areas of spot prices rose more or less, Thailand glue spot price rose by 332-334 cents / kg to around 340 cents / kg, Thailand on the 20th standard rubber spot prices rose by 316-318 U.S. cents / kg to around 320 cents / kg, Indonesia on the 20th spot price of the standard rubber from 300-301 cents / kg, up to around 320 cents / kg, Malaysia 20 glue spot price fell to 308 from 310-312 cents / kg -309 cents / kg.
Thailand Hat Yai market raw film reported 87.29 baht / kg, down 0.10 baht / kg; smoked sheet reported 90.19 baht / kg, down 0.92 baht / kg; glue at 83.00 baht / kg, down 1.00 baht / kg.
Singapore natural rubber markets were mixed, the 3rd of plastic-active February contract fell sharply to 3.5 cents / kg to 331 cents / kg, the 20th standard rubber-active February contract rose slightly to 0.8 cents / kg to 302.1 cents / kg.
Domestic production part of the transaction, the Haikou trading hall pending order price of 24,967 yuan, a pending order of 315 tons, not traded, an average price of 25,206 yuan Kunming trading floor pending order, pending order of 245 tons, the average transaction price of 25,170 yuan, turnover 60 tons. Consider the sales areas bids relations, despite producing areas of the spot pending order showed average price of 25,610 yuan of RU1301 latest price premium, but weak consumption, leading to the turnover in the doldrums.
Domestic sales areas, Tianjin, Shanghai spot prices in turn were 25,000 yuan, 25,500 yuan.
The empty party rallies interception weak shocks Shanghai rubber Regional.
CRIA
Natural rubber price in China on January 10, 2013
Written by HMH | January 10, 2013
Shanghai
|
Product |
Market Offer (Yuan/mt) |
|
SCRWF (Hainan, state-owned) |
25500 |
|
SCRWF (Yunnan, state-owned) |
25600 |
|
SCRWF (Yunnan, private-owned) |
25100 |
|
SCR10 (Yunnan, state-owned) |
22300 |
|
Thai RSS3 |
25400-25500 (with 17% VAT included) |
|
SVR3L |
22000-22200 (no tax, unconfirmed); 22900 (low-end price, with 13% VAT included) |
Shandong:
|
Product |
Market Offer (Yuan/mt) |
|
SCRWF (Yunnan, state-owned) |
25700-25800 (unconfirmed) |
|
Thai RSS3 |
25400 (with 17% VAT included, unconfirmed) |
|
SVR3L |
22200 (no tax) |
Guangdong:
|
Product |
Market Offer (Yuan/mt) |
|
SVR3L |
22100 (no tax) |
Yokohama supplies tires to Macau Grand Prix for 30th consecutive year
Written by HMH | November 12, 2012
TOKYO: The Yokohama Rubber Co., Ltd., has announced that it would supply ‘ADVAN’ racing tires to the 59th Macau Grand Prix. This event would take place in Macau (China) from November 15 to 18. This would be YOKOHAMA’s 30th consecutive year as exclusive tire supplier to the Formula 3 Macau Grand Prix.
The final rounds of the 2012 FIA World Touring Car Championship (WTCC) and GT ASIA will be staged concurrently, for which YOKOHAMA would also supply control tires and many vehicles in supporting events, including a local touring car race would also be equipped with YOKOHAMA tires. YOKOHAMA has thus indeed become an essential presence at the Macau Grand Prix.
Known throughout the world, the Macau Grand Prix is run on public roadways in the central area of Macau. YOKOHAMA has been the supplier of control tires since 1983 when Formula 3 vehicles meeting international regulations were adopted. Tires for the event must be suitable for public roadways, different from those used on racetracks. Formula 3 Grand Prix- the heart of the Macau Grand Prix – has traditionally been a stepping-stone to Formula 1 and many who performed well in it are now found among the elite Formula 1 drivers.
This year 30 drivers who finished in top positions in various Formula 3 championships would participate. WTCC is the greatest form of touring car race in the world, authorized by the Federation Internationale de l’Automobile (FIA).
Source: Rubber Country
Asian Rubber Futures End Mixed; Prices May Hit $4 Per Kg In Q1
Written by HMH | January 10, 2013
8 January 2013, 17:45 SEAST
Asian rubber settled mixed Tuesday as firm fundamentals support, but a pullback in the broader market after strong gains last week weighed on some rubber bourses.
Benchmark June natural rubber futures on the Tokyo Commodity Exchange settled Y1.9 higher at Y305.6 a kilogram as major producing regions experience heavy rain, keeping supply tight.
Tocom rubber is vulnerable to currency moves and further gains may be limited as investors liquidate their longs to take profit at the Y306-Y309/kg level, said Kaname Gokon, deputy general manager at Tokyo-based brokerage Okato Shoji.
June Tocom rubber closed Y2.3 higher at Y307.9/kg in the night session, which is considered part of the next trading day.
Benchmark May natural rubber on the Shanghai Futures Exchange settled 0.6% lower.
Asian physical rubber prices were also mixed, taking cues from regional rubber futures. Although the world’s largest importer China was in the market bidding ahead of the Lunar New Year break in February, its bids were often too low for trades, said an exporter in Thailand.
Natural rubber prices may hit $4/kg in 1Q 2013 due to firm fundamentals, said IRCo chief secretary Yium Tavarolit in his weekly report, citing seasonal factors and an improved global macroeconomic outlook.
IRCo
Tocom Rubber extends gains on weaker Yen
Written by HMH | December 27, 2012
TOKYO Rubber Country): Tokyo rubber futures rose to their highest level in more than 7-1/2 months on Thursday, extending gains into a fourth session on a weaker yen amid hopes of further monetary easing in Japan.
The most-active Tokyo Commodity Exchange rubber contract for June delivery was up by 5.3 yen at 301.3 yen as of 14.40 JST.
The contract earlier rose as high as 299.5 yen, the highest for any benchmark since 302.2 hit on May 9. The contract has risen about 15 percent so far this month and 13 percent this year.
China’s rubber futures rose over 3 percent to hit a seven-month high above 26,100 yuan ($4,200) on Thursday, lifted by gains in Tokyo rubber futures.
The most traded rubber futures for May delivery on the Shanghai Futures Exchange hit a high of 26,135 yuan per ton, the highest since early May.
Tokyo rubber futures have been driven higher in recent days as the yen has weakened on expectations that Japan’s new prime minister would pressure the central bank into more forceful monetary easing.
The yen on Thursday traded close to a more than two-year low against the dollar touched in the previous session, reflecting expectations that the new government of Prime Minister Shinzo Abe will push to weaken Japan’s currency and implement aggressive stimulus.
U.S. oil futures rose to their highest in more than nine weeks on Wednesday on hopes that renewed talks will prevent a U.S. fiscal crisis, and as cold weather and technical buying added to the upward momentum.
Indonesia beckons Indian rubber investments with availability of resources
Written by HMH| August 13, 2012
Indonesia, the second largest rubber producer in the world, has invited Indian rubber industry to invest in that country and benefit from ample natural rubber resources.
In a meeting with All India Rubber Industries Association (AIRIA), Dickey Fabrian, Consul-General of the Republic of Indonesia in India, had conveyed his country’s eagerness to increase bilateral trade in rubber goods.
Fabrian invited Indian rubber industry to start their rubber manufacturing units in Indonesia due to availability of natural rubber, inexpensive labour/power and friendly government policies. Indonesia has also invited investment in rubber plantation through lease of land.
Niraj Thakkar, Senior Vice-President of AIIRA and Convener of upcoming India Rubber Expo, said a high-level Indonesian delegation is likely to participate in the India Rubber Expo to be held in Mumbai in January next year to further strengthen the ties between rubber goods manufacturers of two countries.
As such several automotive tyre and rubber goods manufacturing units are looking at ASEAN countries to take advantage of the free trade regime, Thakkar said.