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Rubber price up on rising stocks in Japan, increased purchase by China TOKYO (Commodity Online): Despite lower demand for
rubber in Indian as well as in global market, the price of rubber in
Tokyo Commodity Exchange (TOCOM) surged on Thursday to one week high,
while in India’s National Multi Commodity Exchange (NMCE), the commodity
down marginally.
According to reports, the rubber futures in TOCOM rose tracking rising stocks in Japan and increased purchase by China.
China stepped up purchase of Malaysia rubber, raising hopes that the
world’s largest consumer will keep the momentum up, after the commodity
plunged to 2 years low. The commodity was sold to China at $2.83 to
$2.84 per kg, the lowest since at least December 2009.
Also, the firm crude oil prices in the global market on the back of
lower output in Norway added to price of rubber in the global market.
But the gains capped by the lingering fear over the Euro zone crisis.
The investors are reluctant in investing in riskier assets like rubber.
Meanwhile, in India, the demand from the auto-mobile sector dropped
drastically due to lower cars sales registered for the month of May amid
higher arrivals in the domestic market putting pressure over the
prices.
Car sales in India dropped on higher petrol prices.
For July delivery, in TOCOM, rubber traded 2.7 yen to 236.2 yen per
Kg and in NMCE, the commodity traded at Rs 18590 per ton on 28th June at
11:15 IST. Total hits:
7
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Last modified:
29/06/2012 02:30:23 PM | | | Recent:
 Asian PET production margin turns negative Wed; first time in 2 months19/06/2013 03:19' PMThe Asian polyethylene terephthalate production margin flipped to
negative territory early Wednesday -- for the first time since the Asian
close on April 17 -- as Chinese produces lowered their PET offers to reduce
inventories. US PVC exports stall, despite shale gas cost advantage19/06/2013 02:56' PMYou
can lead a horse to water, but you can't make her drink. That seems to
be the critical message from the current state of US PVC export demand.
This should be booming, based on the cost advantage provided by shale
gas. But reality is different, as the chart based on Global Trade Information Services data shows: China truck tire overcapacity 'immense'19/06/2013 02:41' PMNIAGARA FALLS, Ontario (June 18, 2013) — Three things are noteworthy
about China's truck tire industry, according to Boudewijn De Loose,
global marketing manager of Bekaert Corp.: production overcapacity, a
virtually non-existent retreading sector and a continuing measurable
demand for bias-ply tires. Naphtha cracks at one month low, prices likely to dip further as excess supply exceeds demand19/06/2013 01:52' PMOpen-spec H1-August prices fell by US$4-5/ton from Monday to
US$879.50-882.50/ton CFR (cost & freight) Japan on Tuesday because
of overnight losses in crude futures, ICIS data showed. Naphtha prices
in Asia may slide further on the back of a regional supply glut and
modest demand from crackers. Also, naphtha crack weakened to a
one-month low of US$88.03/ton against Brent crude futures at the close
of trade on Monday, down by 2.4% from 14 June- with naphtha spread at
its weakest levels since 16 May. ABS prices inch up after holiday in China19/06/2013 01:44' PMBoth local and overseas suppliers to China issued small increases on
their ABS prices after returning from the Dragon Boat festival last
week, as per ChemOrbis. The producers’ price increases were attributed
to higher feedstock costs. Spot styrene prices on an FOB South Korea
basis climbed US$15/ton week over week, supported by firmer energy
markets while spot ACN prices are holding steady.
Global carbon fiber market to see double-digit annual growth, expected to reach US$3 bln in 201819/06/2013 01:39' PMThe global carbon fiber market is forecast to experience double-digit
growth annually for the next five years in terms of dollars and pounds
shipment respectively. The market is expected to reach US$3 bln in 2018
from US$1.8 bln in 2013. From its user segments, the industrial market
is expected to witness annual double-digit growth, while aerospace
experiences high single-digit growth. The sporting goods market is
likely to witness the lowest growth in 2013-2018 April carbon export growth rate dropped18/06/2013 03:12' PMAccording to Chinese customs statistics released: April 2013, 7,033 tons of carbon black imports and exports
62,061 tons, exports and imports are negative qoq growth in exports
also grew sharply | Other News: Copper Climbs for Third Day as U.S. Data Boost Demand Outlook01/01/1900 12:00' AMCopper rose for a third day as a
better-than-estimated service-sector growth in the U.S., the
world’s second-biggest user of the industrial metal, boosted the
demand outlook. Aluminum, zinc and lead also advanced. New NPK fertilizer plants underway28/06/2012 03:05' PMBinh Dien Fertilizer Co. plans to develop two NPK fertilizer plants to meet market demand. Europe PE prices at six-month low on naphtha drop28/06/2012 03:01' PMLONDON (ICIS)--European polyethylene (PE) prices are at a six-month low as producers take advantage of the drop in naphtha prices to produce material for spot and export sales at levels at which most traders cannot compete, sources said on Wednesday. PDH unit to supply rest of US Eastman's propylene needs28/06/2012 02:39' PMHOUSTON (ICIS)--Enterprise Product's new propane hydrogenation (PDH) unit in Texas could allow Eastman Chemical to secure any propylene it does not already make on its own, an executive for the US-based specialty chemicals producer said on Wednesday. Asia ADA under pressure; tightening supply to temper falls28/06/2012 02:31' PMSINGAPORE (ICIS)--Spot adipic acid
(ADA) values in Asia are still under pressure to decline because
of poor demand, but a tightening of regional supply amid production cuts
and delayed start-ups of new plants should help temper the price falls,
industry sources said on Thursday. Oil Falls on Europe; Gold, Rubber Decline: Commodities at Close27/06/2012 03:34' PMThe Standard & Poor’s GSCI gauge of
24 commodities rose 0.1 percent to 568.28 at 5:05 p.m. Singapore
time. The UBS Bloomberg CMCI index of 26 raw materials fell 0.1
percent to 1425.258. US BD producer undercuts rivals, nominates 16% drop for July
27/06/2012 03:19' PM
HOUSTON (ICIS)--A US butadiene (BD) producer
has nominated a 17 cent/lb ($375/tonne, €300/tonne) drop for July, a
reduction that puts its contracts at 90 cents/lb next month, market
sources said on Tuesday. |
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| LONDON (ICIS)--The European polyethylene terephthalate (PET) market is in limbo as producers decide how best to
limit losses in ... |  PVC demand has remained weak in 2009 following collapse in consumption in H2-2008 as the weak economic outlook continued to ... | |
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