Products Directory   |    Rubber Trade   |    Classifieds   |    E-Rubber Shop   |    E-Rubber Newsletter   |    Rubber Jobs   |    Home

IRD Services   |    Join Free   |    Add Your Company   |    Premium Membership   |    Advertise With Us   |    Discussion Forum
Search:  
   Quick Products:   Cables, Rubber Bands, Foot Wears, More...
  Welcome Guest Login
   Forgot Password | Join Free 21 December,2024

Ask Rubber Experts   |   Rubber News   |    Rubber Prices   |    IRD Network Member   |    Rubber Events

   IndiaRubberDirectory.com > Rubber News

Rubber Prices To Rise Further Next Week

KUALA LUMPUR Dec 9  

Malaysian rubber prices are likely to rise further next week following bullish sentiment in overseas markets, dealers said.

They said that the current rally of rubber futures prices on the Tokyo Commodity Exchange (TOCOM) and the firmer U.S. crude oil prices were among the factors that would boost prices.

The benchmark TOCOM rubber futures for May delivery has breached the key resistance level of 210.0 to settle at 214.9 yen on Friday while crude oil futures price rose to US$63 per barrel.

"Sentiment is relatively steadier, helped by the rise in crude oil prices (which forms the raw material used in the production of synthetic rubber) and thus would contribute to push up the natural rubber prices," a dealer said.

The announcement by Thailand and Indonesia, the world's number one and two rubber producers, on actual or possible export curbs would also lend support to the market.

On Friday-to-Friday basis, the Malaysian Rubber Board (MRB) official physical price for tyre grade SMR 20 climbed by 18 sen to 565.00 sen per kg from 547.00 sen per kg.

Latex in bulk appreciated 6.0 sen to 364.00 sen per kg from 358.00 sen per kg. 
 
December 10, 2006


Copyright 2006 Pertubuhan Berita Nasional Malaysia
All Rights Reserved

Malaysia Economic News
 
December 9, 2006 Saturday 
 
188 words 
 

 

More News

Rubber Product Manufacturers

Get listed in IRD
       Premium listing in IRD
        Send Comments
        Recommend Site

 

 

 

 



 

 











New Page 1

 
    Rubber Articles
   Technical Papers
   Press Releases
   Rubber Articles
   Rubber Statistics
 
 
 
 
 
 
 
 




Contact Us : www.indiarubberdirectory.com C/o Team Web Power, No.52, First Floor, Anna Nagar Plaza, C-47, IInd Avenue,
Anna Nagar, Chennai 600040. India. 
Phone:- +91-44-42170137 Mobile:- +91-9444001705

|    About Us    |    Vision    |    Disclaimer    |    Privacy Policy     | Sitemap     |    Feedback    |    Contact Us    |    Home    |

Contact Us : www.indiarubberdirectory.com , No.52, First Floor, Anna Nagar Plaza, C-47, IInd Avenue, Anna Nagar, Chennai 600040.Tamilnadu, India.

Phone: +91-44-42170137  Mobile: +91-9444001705  Email: rubberdirectory@gmail.com