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 […]
Asian Rubber Settles Lower; Market ‘Misled’ By Weak Sentiment
Asian Rubber Settles Lower; Market ‘Misled’ By Weak Sentiment 25 September 2014, 18:21 SEAST Asian rubber settled lower Thursday as market confidence remained persistently poor amid forecasts of a supply surplus this year. February natural rubber on the Tokyo Commodity Exchange settled 3.8 yen lower at Y179.6 ($1.64) a kilogram while the new benchmark March […]
Tocom Rubber Down Even As Qingdao Stocks Fall
Tocom Rubber Down Even As Qingdao Stocks Fall 25 September 2014, 09:23 SEAST Tocom RSS3 rubber futures are lower as market sentiment remains lackluster amid forecasts of a supply surplus this year. Despite a decline in Qingdao stocks, prices are getting little upside as investors are likely assessing the data. International Rubber Consortium chief executive […]
NR Market Is Misled By Weak Market Sentiment
NR Market Is Misled By Weak Market Sentiment – IRCo 23 September 2014, 18:05 SEAST The production figure of natural rubber (NR) produced by nine producing countries under the Association of Natural Rubber Producing Countries which constitutes approximately 92% of global NR production has indicated a drop in supply. For the first half […]