As a result of tight supply demand in Asia next week, rubber prices are expected to hold Kennedy

Asia next week, rubber prices are expected to hold firm due to tight supply in Thailand and Indonesia, while robust demand from overseas.

Dealers said overseas in the past to Indonesia in January rubber demand has been increasing as a result of the world's largest rubber producer in Thailand to rainfall shortage, and in May forced the export of cargo delayed at least a month.

A dealer in Singapore said that "prices are well supported, as much supply and demand is still strong."

Thailand targets on the 3rd tobacco film (RSS3) 8 cargo on FOB prices steady in the week prior to the 1.45 U.S. dollars per kilogram .9 cargo on FOB price steady at 1.43 U.S. dollars.

Export of raw materials, rubber-level indicator on the 3rd smoke-free film (USS3) steady at 56 baht per kilogram (1.37 U.S. dollars) or so.

Thailand tire on the 20th grade standard rubber (STR20) reported in-1.30 U.S. dollars. Malaysia 20 standard plastic (SMR20) reported that 1.28 U.S. dollars.

Dealers said the world's second-largest exporter of Indonesia, is expected in the near future the price will continue to remain strong.

Jakarta, said one dealer, "suppliers will not sell cheap, because the demand for it, supply is not sufficient."

Indonesia tires standard on the 20th grade plastic (SIR20) of cargo in July per kg FOB price rose from 0.02 to 1.24 U.S. dollars .8 cargo on FOB also rose from 0.02 to 1.25 U.S. dollars, and cargo in September asking price in line.

** China to buy high-hing **

Dealers said that the world's major rubber-consuming countries - China has returned to the market.

Badong a dealer said, "In the past week, China has actively buying rubber, but I heard that Michelin (Michelin) to buy a large quantity of rubber."

In the island of Sumatra in the north, the price of rubber per kg 10,400 Indonesian Rupiah (about 1.08 U.S. dollars), while the price for the South 10200 rupees (1.06 U.S. dollars).

Dealers said the Indonesian island of Sumatra western side of the leaves as a sign the weather, while the supply situation in the north of the island is yet to come pick-up.

Some traders believe that the tight supply, especially in the northern part of Sumatra, the tight supply of the main reasons is that in the past few years, rubber plantation to reduce the number of many farmers to switch more quickly and get a return palm trees.

** India expected to steady the price **

Despite the ample domestic supply, India rubber prices expected to remain steady due to strong demand from the automotive industry and synthetic rubber prices strong.

"Automobile demand sector, and Synthetic oil price fluctuations follow," India in the southern United Planters' Association Chairman of the Council of rubber Thomas said.

The industry is expected, level 4 standard tire rubber (RSS IV) in the prices of about 60-62 rupees per kg level.

Malaysia Dealers said that with the rain eventually weaken, Malaysia's rubber supply is increasing, but still not enough to meet the needs of the hungry.

Japanese traders said the Tokyo Commodity Exchange (TOCOM) the period Gum rise is expected to continue throughout the summer, as a result of tight supply and high oil prices on the fund managers to buy the rubber-hing reduction.

They said that Kennedy's take on energy prices, favorable prices of rubber, as a result of high oil prices, the market usually from natural rubber to synthetic rubber, synthetic rubber as a result of petrochemical products.

"A month before the beginning of higher rubber prices, is continuing now." Kanetsu Asset Management risk management manager Takashi Ogura said.

Traders said fund managers are inclined to buy rubber, as a result of this week have been the key to breaking the contract by the short-term pay close attention to the technical standards of 151.7 and 150.7, an average of seven days for the former mobile lines, the latter a 14-day moving average line.

TOCOM indicators in November about last week touched a year high of 155 yen per kilogram. Brokers said the market is now in the upward trend.