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zhuge_liang Supreme	15-Feb-2007 17:02        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Heavy resistance at 300 yen. Tokyo rubber futures fell by their daily 10-yen limit three times on Thursday, hit by heavy profit-taking. Prices dropped to their lowest since Feb. 7 as yen-based commodities came under selling pressure as the Japanese currency strengthened. The benchmark rubber contract on Tokyo Commodity Exchange for July delivery settled at 284.2 yen per kg, down 10 yen, or 3.4%, from Wednesday's close. Other contracts also fell by their 10-yen limit three times during the day as market players continued selling contracts, dealers said. Speculative buying, supported by supply concerns, pushed prices back up after they hit limit down in the afternoon session, but succumbed again to heavy profit-taking when prices reached the closely watched 286 yen level, dealers said. Prices also fell as TOCOM rubber and other commodities, such as gold, were weighed down by a rising yen as stronger-than-expected Japanese growth data bolstered market expectations of a Bank of Japan interest rate rise next week. Japan's economy grew 1.2% in October-December from the previous quarter, thanks to a rebound in personal consumption, data showed on Thursday, exceeding market expectations for a 0.9% rise. The next key support for July rubber would be 272.3 yen -- this month's low reached on Feb. 6. In the physical market, prices were lower on Thursday in line with TOCOM. But trading was stagnant.
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Nostradamus Supreme	15-Feb-2007 15:14        Nostradamus About Contact  Quote this Post!
x 1   x 1  Alert Admin	Growing supply concerns are expected to support prices in the next few weeks as Thailand is in the wintering dry season, when latex output falls. TOCOM rubber and other commodities, such as gold, were weighed down by the yen's surge as stronger-than-expected Japanese growth data bolstered market expectations of a Bank of Japan interest rate rise next week. A higher yen makes commodities priced in other currencies more attractive for investors. The dollar was quoted at 120.21/24 yen , down from around 120.70 yen just before the release of Japanese GDP data. Japan's economy grew 1.2% in October-December from the previous quarter, government data showed on Thursday, beating market expectations due to an upturn in personal spending. The market is now watching whether July TOCOM rubber can sustain the 14-day moving average of around 287 yen. The next key support for July rubber would be 272.3 yen -- this month's low reached on Feb. 6. On the physical front, prices were lower on Thursday in line with TOCOM. Trading was stagnant with buyers in China, the world's biggest rubber consumer, staying on the sidelines ahead of the Lunar New Year holiday next week.
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zhuge_liang Supreme	15-Feb-2007 14:24        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	The key rubber contract on Tokyo Commodity Exchange tumbled its daily 10-yen limit to 284.2 yen per kg on heavy profit-taking fuelled by a firmer Japanese yen. At 0546 GMT, the benchmark rubber contract on TOCOM for July delivery fell to the lowest since Feb. 7 for the second time in a day as yen-based commodities were under heavy selling pressure due to a stronger Japanese currency, prompting profit-taking after a three-month rally. "Profit-taking went up again when prices rebounded to around 286 yen," said a Japanese dealer.
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zhuge_liang Supreme	15-Feb-2007 00:13        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'm not vested. Just interested in the share. You have a nice day too. Rubber futures on the Tokyo Commodity Exchange slipped back into minus territory from early highs Wednesday, pressured by renewed selling toward the end of the session. The benchmark, most distant July 2007 contract closed the day at 294.2 yen per kilogram, down 1.5 yen from Tuesday, after ranging from 292.6 yen to 298.7 yen. The remaining five contracts were 0.2-1.7 yen lower. Rubber futures got off to a higher start on short covering and buying by day traders. The four most distant contracts from April to July climbed to new listing-to-date highs. Sentiment weakened in the afternoon as buyers moved to cash in on the gains for fears of precariously high prices.
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alpha23 Member	14-Feb-2007 14:12        alpha23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i sure will! thanks zhuge_liang~ but vol of gmg drop todae, market seem like lost interest in it le... may i noe whether if u vested in this? still vested* have a nice vday , all~
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zhuge_liang Supreme	14-Feb-2007 13:38        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	alpha23, I'll try to post at least 1-2 times daily to keep you posted. Pls check regularly. Tokyo rubber futures rose to a new seven-month high on Wednesday as growing wariness about supply from Thailand, the world's top producer, drew strong speculative buying. Prices crept higher to test key resistance at 300 yen despite thin demand for physical rubber as the Lunar New Year approaches. The benchmark Tokyo Commodity Exchange rubber contract for July delivery ended the morning session at 296.7 yen ($2.45) per kg, up 1.0 yen from Tuesday's close. It rose as far as 298.7 yen a kg -- the highest since July 6 last year. But the contract faced psychological resistance at 300 yen, with many investment funds and speculators looking to lock in profits. Rubber has been on an upward trend since late November as speculators flocked into the volatile market. Tapping in Thailand is usually halted for around a month at this time of year at different times in different plances, and there was no tapping in around 50% of rubber plantations at the moment, traders said. On the physical front, trading was thin this week as Chinese businesses, including some in Singapore, were expected to wind down business ahead of Lunar New Year while rubber users were waiting for prices to come down, traders said. "Tyre-makers are on the sideline. They don't buy if prices are high like this," one trader said. However, traders said demand for rubber appeared to be backed strongly by solid global economic growth. For instance, top Japanese tyre maker Bridgestone Corp. said on Tuesday it would probably beat its operating profit forecast for 2006 by 15% due to higher sales volumes, a more profitable product line-up and a weaker yen. Bridgestone's revenue is growing due to robust overseas sales, but rising costs are eating into profits across the industry.
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zhuge_liang Supreme	14-Feb-2007 00:23        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	You're welcome, alpha23. Rubber futures showed a mixed performance after four days of rise on the Tokyo Commodity Exchange Tuesday. The most active July 2007 contract settled at 295.7 yen per kilogram, up 0.3 yen from Friday. The Tokyo market was closed for a national holiday on Monday. Rubber futures got off to a generally firm start on short covering, but buying soon fizzled out. The key contract's weak start unleashed selling on the market as a whole. Losses expanded later on the back of oil products futures' steep falls. In the afternoon, sentiment stiffened on buybacks by day traders. As a result, the four most distant contracts from April to July swung back to the plus side at the close.
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alpha23 Member	13-Feb-2007 13:55        alpha23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks for the daily updates zhuge_liang. Appreicate it lots!
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zhuge_liang Supreme	13-Feb-2007 13:47        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Japanese rubber futures fell almost 1% on Tuesday on profit-taking after recent rallies, but underlying sentiment stayed bullish on concerns about falling supply from the world's top producer, Thailand. The benchmark rubber contract on the Tokyo Commodity Exchange  for July delivery ended the morning session at 292.7 yen kg, down 0.9% from Friday's close. It moved in a range of 291.9 to 295.0 yen after Japanese financial markets reopened following a public holiday on Monday. "There was no tapping in around 50% of rubber plantations in Thailand as leaves fall and rubber trees don't produce latex anymore," a trader in Thailand's Hat Yai rubber centre said. Tapping is seasonally halted for around one month during the wintering period in Thailand to allow rubber trees to revive. But traders were reluctant to chase TOCOM rubber futures on rallies with the physical market expected to be slow this week as buyers from China, the world's top consumer, will be less active as the Lunar New Year holiday approaches. There were no new fundamental developments that would lead to aggressive purchases of buy TOCOM rubber, with inventories in Japan still high. Crude rubber stocks held at Japanese warehouses were down 1.7% at 17,331 tonnes on Jan. 31 from 17,626 tonnes on Jan. 20, industry data showed on Friday. Stocks remained high after rising more than than 20% to an eight-month high in the previous survey. They were 55% above the year earlier 11,181 tonnes, data from the Rubber Trade Association of Japan showed. July TOCOM rubber faced some technical resistance around 300 yen, but it held above the seven-day moving average of around 285 yen and the 14-day average of around 284 yen. On the physical front, prices remained firm on falling supply.
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zhuge_liang Supreme	12-Feb-2007 14:29        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most Asian physical rubber prices were unchanged in thin trade on Monday with the Tokyo Commodity Exchange, which sets the global trend, closed for a public holiday. But prices remained firm on concerns about falling supply as Thailand, the world's no. 1 producer, is in the wintering dry season when latex output falls. The physical market was expected to be slow this week as some Chinese buyers stopped buying ahead of the Lunar New Year, starting at the end of the week, while users were reluctant to buy at high prices, traders said.
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zhuge_liang Supreme	12-Feb-2007 13:38        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Strong demand from China will ensure that rubber prices stay high. Chinese natural rubber imports stood at 150,000 tonnes in January, up 33.9% yoy, preliminary customs data showed on Monday. The government said synthetic rubber imports were 108,544 tonnes, up 22.2% from the same month in 2006. Customs data showed December imports of natural rubber were 158,866 tonnes and synthetic rubber imports were 94,643 tonnes.
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zhuge_liang Supreme	09-Feb-2007 21:42        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubber futures on the Tokyo Commodity Exchange extended gains in a hectic session Friday, after repeating fluctuations between the plus and minus columns. The benchmark, most distant July 2007 contract settled at 295.4 yen per kilogram, up 2.1 yen from Thursday, after trading in a range of 290.2 yen to 297.0 yen. Rubber futures got off to a solid start on buying by day traders and sellers' loss-cut repurchases. The February and May contracts climbed to new lifetime highs. Buyers moved to cash in on the gains later for fears of precariously high prices. As a result, all contracts sank into negative territory. Prices swung back to plus territory on renewed buying toward the morning close. In the afternoon, rubber futures moved narrowly around the previous day's closing levels amid buying and selling for weekend repositioning. But buying outdid selling toward the end of the session.
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shplayer Elite	09-Feb-2007 16:59        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	MRB prices showed strong gains at midday today.
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shplayer Elite	09-Feb-2007 16:56        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	ysh2006, GMG owns rubber plantations in Cameroons and Ivory coast. So, how well it does (financially) depends on how much it can sell its produce (rubber). Hence, rubber prices is a key factor in its profitability.
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ysh2006 Senior	09-Feb-2007 13:00        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear Sir; Pls enlighten me why rubber price got to do with GMG price movement? Thanks ysh2006
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zhuge_liang Supreme	09-Feb-2007 12:44        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures edged higher for the fourth consecutive day on Friday, boosted by crude oil's climb above US$60, but struggled with profit taking during early trade. The benchmark Tokyo Commodity Exchange rubber contract for July delivery ended the morning session at 294.9 yen per kg, up 1.6 yen from Thursday's close of 293.3 yen. Trading was still volatile as prices fell as far as 290.2 yen per kg early in the session as investors took profits ahead of a long weekend, dealers said. "It's a long weekend, so they just grab their profit and wait for the appropriate time to get into the market again next week," one said. TOCOM will be closed on Monday for a national holiday and trading will resume on Tuesday. However, dealers said they expected prices to rise a little on Friday afternoon due to the rise in oil prices and concern about falling rubber supply. U.S. crude oil futures hit a one-month high of US$60.40 a barrel on Friday after a US$2 rise a day earlier amid signs of falling crude exports from producer group OPEC. On the physical front, rubber prices were barely changed but buoyant on Friday, supported by TOCOM. However, trading was thin as investors waited for prices to drop, traders said. "Next week will be another quiet week in February as the Chinese will be on holiday while other tyre makers might be on the sidelines waiting to buy only when prices drop," a Singapore-based trader said. Chinese buyers were in the market during a TOCOM correction earlier this week and bought some small lots of rubber ahead of the Lunar New Year holiday. Floodwaters in Indonesia receded in Jakarta but it was still raining in several parts of the country, including rubber areas on Sumatra, an Indonesian trader said.
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zhuge_liang Supreme	08-Feb-2007 17:19        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures closed higher in choppy trade on Thursday as prices surged to a near seven-month high before heading downwards due to profit taking. The benchmark rubber contract on Tokyo Commodity Exchange for July delivery settled at 293.3 yen per kg up 1.9% from Wednesday's close. It rose has far as 297.7 yen, the highest since last July. Prices have risen 26% from the year low of 235.8 yen on Jan. 9. "We expected prices to hit 300 yen, but they failed," a dealer Tokyo said. "That's because of huge profit taking." "There was a lot of profit taking along the upside way," another Japanese dealer said. Sentiment remained bullish due to steady demand from the tyre industry while supply was expected to fall due to unfavourable weather in rubber producing countries, dealers said. But traders were unsure whether TOCOM would rise toward 300 yen again on Friday as another round of profit taking was expected.The view that supplies may tighten is expected to continue to spur buying on TOCOM. Prices on the physical market followed TOCOM up, backed by the start of wintering in top producer Thailand and floods in Indonesia.
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zhuge_liang Supreme	08-Feb-2007 13:50        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tokyo rubber futures remained on a bullish tear on Thursday, hitting a seven-month high as investment funds and speculators piled in a day after most contracts rose the daily 10-yen limit. The limit has been raised to 15 yen, according to TOCOM guidelines. The benchmark Tokyo Commodity Exchange rubber contract for July delivery ended the morning session at 293.9 yen per kg, up 6.0 yen from Wednesday's close of 287.9 yen. The contract hit a high of 295.3 yen, the highest for a TOCOM rubber benchmark since mid-July. TOCOM rubber fell by about 18 yen from the year's high of 290.6 yen earlier this week, sparking heavy bargain hunting. The key contract is likely to challenge the closely watched level of 300 yen, hit last July. The view that supplies may tighten is expected to continue to spur buying on TOCOM, although some traders anticipate a correction when prices reach 300 yen. Prices on the physical market followed TOCOM up, backed by the start of wintering in top producer Thailand, when latex output falls, and floods in Indonesia. The floods have disrupted transportation and though conditions are improving, especially in Jakarta, several parts of the country remained soaked by rain, traders said. Indonesia is in the rainy season expected to last until April.
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Jennie Member	07-Feb-2007 16:55        Jennie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tocom is moving up and down. It's limits up today. Prices on Tocom is becoming non-reflective. What's happening in the market? What's causing the volatility?
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zhuge_liang Supreme	07-Feb-2007 13:30        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Japanese rubber futures surged 3.5%, hitting the daily 10-yen limit on Wednesday as investors bought on dips after a several days of falls. The benchmark rubber contract on the Tokyo Commodity Exchange  for July delivery ended the morning at 287.9 yen per kg, the highest since Feb. 1, when it was at 289.5 yen. "Prices fell a couple of times and it looked profitable to take speculative buying positions," a dealer in Tokyo said. "Speculative day-traders bought on dips as prices were quite cheap," another Japanese dealer said. TOCOM prices were expected to rise further over the next few days, after taking a breather, to test the key resistance of 300 yen it marked last July, dealers said. In addition, the prospect that supply might tighten also encouraged players to buy, expecting to take profit when prices rise to near 300 yen, they said. Rubber futures were likely to stay on a bullish trend, supported by falling supply as top rubber producing countries were hit by erratic weather, they said. On the physical front, rubber prices rose on Wednesday, tracking the TOCOM trend. Trading revived briefly over the past few days as China, the world's top rubber consumer, bought a few lots during TOCOM's recent correction. "It was a golden period of time that buyers, especially the Chinese, were waiting for as they knew that prices would drop in line with TOCOM," a Singapore-based trader said. Flood waters started to recede in parts of Jakarta, the Indonesian capital, but huge areas remained submerged. "There were also rains in some rubber growing areas as we are in the rainy season," an Indonesian trader said.
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