Demand for natural rubber as a substitute for synthetic rubber--To understand the way the latest product information

Demand for natural rubber as a substitute for synthetic rubber

Release time:2011-10-23

 

TOCOM rubber (24,715, -795.00, -3.12%) futures on the 21st the first increase in four sessions, as investors buy on dips as well as the impact of rising oil prices.

    Tokyo Commodity Exchange (TOCOM) rubber futures on the 21st the first increase in four sessions, because the rubber 14-month low prices to attract buyers to buy, and crude oil prices increased the demand for natural rubber.

    TOCOM 3 on the 21st rubber futures rose 2.5 percent to 288.5 yen / kg (about U.S. $ 3,761 / tonne), closed at 282.2 yen / kg.

    Asian stocks rose, and the New York crude oil prices, stimulate the natural rubber as an alternative to synthetic rubber demand. European governments consider measures to deal with the debt crisis eased fears.

    Rubber futures follow other industrial commodities are purchased. But the potential market sentiment in the doldrums, Europe and China due to concerns about the economy continue. For the euro zone debt crisis or recession and led to a slowdown in China or contain rubber demand worries weighed on the rubber market.

    Rubber futures fell 11 percent this week, as March 11 when the largest decline since the week. Rubber futures on the 21st fell to 275.2 yen / kg, the lowest price since August 2010.

    According to the Rubber Research Institute of Thailand, Thai rubber spot price on the 21st fell 3.2 percent to 121.6 baht ($ 3.91) / kg.

    Rubber futures rose also because the International Rubber Alliance (International Rubber Consortium, IRCo), said Thailand, Indonesia and Malaysia, rubber prices are closely monitored, and may take steps to limit the decline in rubber prices. The Secretary General Yium Tavarolit said the sharp decline in rubber futures Group were discussed, but will wait until the situation is stable before making a decision. Rubber price floor is still 120 baht / kg, due to supply and demand fundamentals have not changed.