Rubber Asia focus: the price is expected to remain strong

Asia next week, rubber prices are expected to hold firm due to tight supply in Thailand and Indonesia, while robust demand from overseas. Dealer said that in the past overseas in January of Indonesia's rubber demand has been increasing as a result of the world's largest rubber producing countries Thailand's rubber Rainfall so tight supply and force the export of cargo in May delayed by at least a month. A Singapore dealer said that "prices are well supported, as much supply and demand is still strong." Indicators on the 3rd Thailand Tobacco Film (RSS3 ) In August cargoes 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. Exports of raw materials, rubber-level indicator on the 3rd smoke-free film (USS3) steady at 56 per kg Thai baht (1.37 U.S. dollars) or so. Tire on the 20th Thailand-class standard rubber (STR20) reported in-1.30 U.S. dollars. Malaysia 20 standard plastic (SMR20) reported that 1.28 U.S. dollars. Traders said the world's second-largest exporter of Indonesia in the near future With prices expected to remain strong. Jakarta a dealer said, "providers will not sell cheap, because the demand for it, supply is not sufficient." Indonesia tires standard on the 20th grade plastic (SIR20) of the FOB cargo in July Price per kilogram 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.

Dealers said that the world's major rubber-consuming countries - China has returned to the market. A dealer Badong said, "In the past week, China has actively buying rubber, but I heard that Michelin (Michelin) to buy a considerable amount of rubber Great. "In the island of Sumatra in the north, the price of rubber per kg Indonesia 10,400 rupees (1.08 U.S. dollars), while the price for the South 10200 rupees (1.06 U.S. dollars). Traders said the Indonesian island of Sumatra occurred in the western The weather leaves a sign at the same time 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, the number of rubber plantations Reduced number of farmers to get more return on palm trees and beds.

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. "Strong demand for the automotive industry, and Synthetic oil price fluctuations follow," India in the southern United Planters' Association of Rubber Council Chairman Thomas said. 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 Increase, 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, continued . "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.