TOKYO (Jan 5): Benchmark Tokyo rubber futures dipped to a two-week low on Friday, ending the first week of the new year with a nearly 1% decline, as investors took profits ahead of a long weekend in Japan.
To repeat this month's two percentage point price increase to offset higher cost
KUALA LUMPUR (Nikkei Markets) -- Malaysia's Top Glove will raise the selling price of its products by two percentage points in February, repeating this month's move as the world's largest rubber glove producer by capacity seeks to offset higher costs, its chairman said Tuesday.
SINGAPORE—Halcyon Agri Corp. Ltd., a global natural rubber supply chain manager, has completed its acquisition of the assets and entities of the Polymer Division of RCMA Group Pte. Ltd. In doing so, the firm established a Halcyon Rubber and Plantations business unit that will be headed by Robert Meyer, Halcyon Agri executive director and CEO.
Following a pledge made last week by Thailand, Indonesia and Malaysia to withhold exports of 350,000 tonnes of natural rubber until March, experts say the price of the rubber produced in the kingdom will increase.
TOKYO (Jan 9): Benchmark Tokyo rubber futures rose on Tuesday, in line with firm oil prices and Shanghai futures, brokers said.
NEW YORK (Reuters) - The U.S. dollar fell to a more than six-week low against the Japanese yen and weakened against a basket of major currencies on Wednesday after a report that China was ready to slow or halt its U.S. Treasury purchases.