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Supply concerns lift spot rubber May 17, 2021 Sheet rubber and latex made considerable gains Spot rubber bounced back on Monday. RSS-4 improved to ₹172 (169) per kg, according to traders and the Rubber Board. The market regained strength mainly on supply concerns coupled with bargain hunting at lower levels. However, the growing number of active Covid-19 cases in the State continued to raise concerns over demand. In futures, the front month May delivery was down 0.13 per cent from Friday’s settlement price to close at ₹175.60 per kg with a volume of 46 lots on the Multi Commodity Exchange (MCX). RSS 3 (spot) slid to ₹170.93 (171.10) per kg at Bangkok. SMR 20 declined to ₹121.36 (125.54 ) and Latex to ₹114.69 (116.46) per kg at Kuala Lumpur. ....
Copy URL Exports of Malaysia’s natural rubber amounted to 58,852 tonnes in March, an increase of 7.7% against 54,632 tonnes in February, says the Statistics Department. – The Malaysian Insight file pic, May 6, 2021. THE production of natural rubber decreased 27.6% in March 2021 to 36,068 tonnes compared with 49,840 tonnes in the previous month, said the Statistics Department On the contrary, on a year-on-year basis, production showed an increase of 4.5%. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access! ....
Prices of rubber, an industrial commodity, jumped on Tuesday to the highest level in nearly a month amid supply shortage, adding to a rebound that began last week as firm demand along with positive cues in the international market boosted sentiments of market participants. MCX rubber futures due for delivery on May 31 traded 1.52 per cent (Rs 254) higher at Rs 17,010 per tonne, having touched Rs 17,050 per tonne earlier on Tuesday – a level last seen on April 7. Analysts said the commodity is set for higher levels ahead fundamentally on account of tight supplies, thanks to demand from industries such as automobiles and healthcare. ....
Fresh enquiries lift spot rubber May 03, 2021 Shortage of raw material boosts prices Spot rubber continued to regain strength on Monday. The market made all-round gains on fresh enquiries coupled with short covering during the latter half of the trading session. The absence of global guidance as major overseas markets were on long holidays and an alarming increase in Covid-19 cases failed to make any impact on the commodity. “The market is suffering from an acute shortage of the raw material and we expect it to cross ₹170 once again with in a couple of sessions”, a trader told BusinessLine. “Auto makers are also struggling with this pandemic induced shortage of rubber, and may prefer to remain buyers until they feel comfortable with their stock piles.” ....
1 Min Read (Reuters) - Commodities trading firm Hartree Partners has hired Kavan Mehta and Bobby Combs, both vice presidents for Tauber Oil Co’s carbon black feedstocks team, a source close to the matter said. The moves come after Robert Goldsworthy, previously Tauber Oil’s vice president of crude oil marketing, joined Hartree last month. Combs and Mehta started this week, the source said, and will trade carbon black feedstocks, a heavy hydrocarbon mixture typically used to make carbon black for automobile tires. Hartree Partners is a global energy and commodities firm privately held by its management and Oaktree Capital Management LP. ....