TOKYO (April 12): Benchmark Tokyo rubber futures ended higher on Thursday buoyed by firm oil prices, however, gains were curbed by sluggish Shanghai futures and on concerns over high inventories.
The Economic Times reports Indian natural rubber production is likely to be 1 lakh metric tons short of the Rubber Board projected figure of 8 lakh metric tons for 2017-18, even as the consumption is set to reach a new peak. For 11 months to February 2018, the production clocked 6.49 lakh metric tons, just 2 percent higher from a year earlier.
PETALING JAYA: Malaysia's natural rubber production increased by 14.9% in February 2018 to 63,246 tonnes from 55,039 tonnes in the previous month, according to Department of Statistics.
Gold prices eased off multi-week highs on Thursday as minutes from the Federal Reserves’s last policy meeting raised expectations for a faster pace of U.S. rate hikes.
TOKYO (April 11): Benchmark Tokyo rubber futures snapped three straight sessions of gains to close lower on Wednesday after hitting a more than one-week high earlier in the session, as the market came under pressure from weaker Shanghai futures.
The global demand of natural rubber (NR) grew 7.6% from 3.123 million tonnes during Q1 2017 to 3.361 million tonnes during Q1 2018.