Things have been changed on 28 December 2010 because both major markets followed the move on Shanghai Futures Exchange and most weaker–sentiment investors in SHEF were aware of the Chinese Central Bank, which decided to increase the interest rate over the past weekend to tackle its rising inflation.
| ESCRIPTION | 24 DEC | 27 DEC | 28 DEC | CHANGE ** | % CHANGE | UNIT |
| IRCo's DCP | 491.11 | 492.72 | 490.26 | -0.85 | -0.17% | US cents/kg |
| TOCOM/RSS3 * | ||||||
| - Jan. 11 | 407.00 | 411.20 | 401.90 | -5.10 | -1.25% | Yen/kg |
| - Jun. 11 | 416.60 | 417.60 | 407.80 | -8.80 | -2.11% | Yen/kg |
| SHFE/RSS3 *** | 37,045 | 37,215 | 36,610 | -435 | -1.17% | Yuan/ton |
| AFET/RSS3 | ||||||
| - Jan. 11 | 148.00 | 148.00 | 145.80 | -2.20 | -1.49% | THB/kg |
| - Jul. 11 | 149.10 | 147.70 | 145.50 | -3.60 | -2.41% | THB/kg |
| RRIT **** | ||||||
| - RSS3 | 149.30 | 149.80 | 149.80 | 0.50 | 0.33% | THB/kg |
| - STR20 | 148.75 | 149.25 | 149.25 | 0.50 | 0.34% | THB/kg |
| SIR20 ***** | 496.00 | 496.00 | 495.00 | -1.00 | -0.20% | US cents/kg |
| SMR20 ***** | 496.00 | 493.00 | 487.00 | -9.00 | -1.81% | US cents/kg |
Source: IRCo
Note: * Day session
** Change between 24 and 28 Dec.
*** The highest daily trading volume was May 2011
**** RRIT means Rubber Research Institute of Thailand
***** Offer, f.o.b., Asian physical rubber prices for Jan./Feb. delivery, Dow Jones
Where the correction made in SHEF was leading to affect the TOCOM prices down with stronger Japanese YEN and traders’ cut-loss strategies.
According to Dow Jones, benchmark June NR futures on TOCOM settled at JPY407.80 a kilogram or else 2.3% lower and JPY9.8 down. This was due to the strong YEN having been keeping high against the US dollar for the last three weeks. This settlement incurred after the TOCOM’s NR prices have reached a fresh high record for the sixth straight trading session.
No comments:
Post a Comment