Asian Rubber Settles Higher; China Jumps Back
Asian Rubber Settles Higher; China Jumps Back 9 October 2014, 17:58 SEAST Asian rubber settled higher Thursday on the prospect of collective producer action to restrict supply. Major rubber producing countries Thailand, Indonesia and Malaysia are set to discuss measures to stem heavy losses in the next few weeks, said Thailand’s Minister of Agriculture and […]
Five Rubber Trade Associations Consensually Agreed To Take Action
Five Rubber Trade Associations Consensually Agreed To Take Action 12 October 2014, 9:00 SEAST The CEO of IRCo invited the Chairmen of five rubber trade associations, i.e. Thai Rubber Association (TRA), Rubber Association of Indonesia (GAPKINDO), Malaysian Rubber Board (MRB), Vietnam Rubber Association (VRA) and Association for Rubber Development of Cambodia (ARDC) on Friday, 10 October […]
The Inconsistency Of Global NR Stocks Reported By LMC Rubber Bulletin
The Inconsistency Of Global NR Stocks Reported By LMC Rubber Bulletin � IRCo 9 October 2014, 16:50 SEAST Compiled by IRCo, October 2014Source: LMC Rubber Bulletin Upon tabulation of the global NR stocks reported by LMC in its monthly Bulletins, IRCo noticed that there are inconsistencies of data particularly in the April, May, June and […]
Rubber Futures Markets Bounce On Prospect Of Producer Action
Rubber Futures Markets Bounce On Prospect Of Producer Action 9 October 2014, 13:44 SEAST Tocom RSS3 rubber futures end higher on the prospect of collective producer action to restrict supply. The upside however is limited with the market skeptical about the impact. “Such announcements require collective action to enforce and from […]
Tocom Rubber Lower; Downside Limited On Producers Action
Tocom Rubber Lower; Downside Limited On Producers Action 9 October 2014, 09:10 SEAST Tocom RSS3 rubber futures are lower on a stronger yen, but the downside is limited on the prospect of coordinated producer action against prevailing low prices, which many say are below production costs. Spot market trade remains slow, however, […]
Tocom Rubber Rises; Vietnam Group Urges Action
Tocom Rubber Rises; Vietnam Group Urges Action 8 October 2014, 09:24 SEAST Tocom RSS3 rubber futures are higher as producer groups are urging action to combat persistently weak prices. Latest to join the fray is the Vietnam Rubber Association (VRA), which is advising members not to offer rubber at prevailing low prices. Members and growers […]
Rubber Producers Move Toward Fighting Price Declines
Rubber Producers Move Toward Fighting Price Declines 7 October 2014, 19:12 SEAST The Southeast Asian cartel that controls the majority of world’s rubber production is moving toward taking action to stem a price slump. Officials from Malaysia and Thailand have discussed taking joint action to support prices, the secretariat for the International Tripartite Rubber Council said […]
Asian Rubber Futures Settle Higher As Producers Seek To Improve Prices
Asian Rubber Futures Settle Higher As Producers Seek To Improve Prices 7 October 2014, 17:52 SEAST Asian rubber settled higher Tuesday as prices received support from news of discussions between major producing countries about the depressed market. The International Rubber Consortium said on its website that a ministerial meeting between Thailand and Malaysia on Monday emphasized […]
VRA Strongly Advises Its Members Not To Offer NR Below US$1,500 Per Ton
The Vietnam Rubber Association (VRA) Strongly Advises Its Members Not To Offer NR Below US$1,500 Per Ton 7 October 2014, 15:00 SEAST
Tocom Rubber Higher; Producers Seek To Improve Prices
Tocom Rubber Higher; Producers Seek To Improve Prices 7 October 2014, 09:03 SEAST Tocom RSS3 rubber futures are higher in slow trade amid a public holiday in China. Prices are getting support from discussions between major producing countries about the depressed market; the International Rubber Consortium says on its website that a ministerial […]