ANRPC Cuts 2011 Global Natural Rubber Output To 9.936 Million Ton

Global natural rubber production was forecast to rise to 9.936 million tonnes in 2011, lower than a previous estimate of 10.025 million tonnes, due to output revisions in Indonesia and the Philippines, industry group ANRPC said on Thursday (May 26).
This was ANRPC's second downward revision of its estimate for this year's output. Production of members of the Association of Natural Rubber Producing Countries reached 9.47 million tonnes in 2010.
"The output growth during the full year 2011 now stands revised down further to 4.9 percent from 5.8 percent forecast a month before and 6.4 percent growth attained during the year before," the ANRPC said in a report.
"The new revision results from a down-scaling of Indonesia's anticipated production for the year to 2.891 million tons, from 2.972 million tonnes expected a month before. Philippines also has downscaled the output anticipated for this year to 107,000 tonnes, from its earlier forecast of 114,000 tonnes."
ANRPC members include Thailand, Indonesia, Malaysia as well as Cambodia, China, India, Papua New Guinea, the Philippines Singapore, Sri Lanka and Vietnam, accounting for 92 percent of global output.
The group also accounts for 92 percent of global exports and 48 percent of global consumption of natural rubber.
Physical prices have dropped almost 20 percent since hitting a lifetime high at $6.40 in February, driven by futures selling on the Tokyo Commodity Exchange and worries about a drop in demand from China as it tightens monetary policy.
(Reuters, May 26, 2011)

ANRPC Announces the Release of Natural Rubber Trends & Statistics for May 2011

Supply growth for Q2 scaled down to 5.8%
Export seen rising 5.2% in Q2
China’s import declines
Thai Baht and Malaysian ringgit turn unfavourable to NR
Yen supports natural rubber
Crude oil impacts on natural rubber
Trends in natural rubber prices
21 Statistical Tables (Providing data and estimates up to May 2011 and forecasts for June & July 2011 covering 11 countries accounting for 92% of the global supply of natural rubber)
The publication is available only to paid subscribers. Annual subscription fee is RM 1,000 only (335 US dollar) for 12 monthly issues from January to December 2011.
For further details, please contact the ANRPC Secretariat at
Email: anrpc.secretariat@gmail.com or secretariat@anrpc.org
Fax: +60 3 2161 3014
Phone: +60 3 2161 1900

Asian Physical Rubber Prices On May 26

Asian physical rubber prices were a little higher on Thursday (May 26), supported by rising futures prices in Tokyo and limited supply in producing countries, dealers said.
PRICES OF PHYSICAL RUBBER COMPARED TO MAY 25

NOTE - The prices quoted above are offer prices collected from traders in Thailand, Indonesia and Malaysia. They are not official prices quoted by state-run rubber agencies in those countries.
(Reuters, May 26, 2011)

Thailand Natural Rubber F.O.B. price May 26, 2011

Source: http://vnb-blog.blogspot.com/2011/05/thailand-natural-rubber-price-26052011.html

Vietnam Natural Rubber (SVR) F.O.B price May 26, 2011

Source: http://vnb-blog.blogspot.com/2011/05/vietnam-natural-rubber-price-26052011.html

Tokyo futures at 1-week high

BANGKOK: Tokyo rubber futures rose 2.6 percent to a one-week high on Wednesday on the back of firm Shanghai futures, but gains were capped by profit-taking, dealers said.

The benchmark rubber contract on the Tokyo Commodity Exchange for October delivery rose 9.9 yen, or 2.6 percent, to settle at 385.8 yen ($4.709) per kg, the highest since May 19.

The nearby May contract expired on Wednesday, finishing 2.9 yen higher at 408.0 yen

"TOCOM prices rose further on speculative buying as players took their cue from rising Shanghai futures," said a Tokyo-based dealer.

The most active Shanghai rubber contract for September delivery rose 680 yuan to finish at 32,295 yuan ($4,969.555) per tonne.

Traders said TOCOM gains were capped by profit-taking as players saw oil prices weaken.

Brent crude futures slipped below $112 a barrel on Wednesday after industry data showed US crude inventories fell less than forecast last week and as the dollar rebounded against the euro.

Dealers said they expected TOCOM prices to rise further on Thursday after the benchmark finished above resistance at 385 yen

Source: http://www.brecorder.com/top-news/111-markets-top-news/15261-tokyo-futures-at-1-week-high.html

Supply Concerns Boost Rubber

Rubber advanced for a second day as persistent rain across southern Thailand, the world’s largest producer, disrupted tapping, raising supply concerns.
The October-delivery contract climbed as much as 2.7 percent to $385.9 yen per kilogram ($4,703 per metric ton) on the Tokyo Commodity Exchange before settling at 385.8 yen.
“Buying momentum continues as the market is concerned over the supply situation in southern Thailand,” said Chaiwat Muenmee, an analyst at commodity broker DS Futures Co.
Monsoon rains were spread across the Andaman Sea and the Gulf of Thailand, covering about 40 percent of southern Thailand, according to the Rubber Research Institute of Thailand.
Farmers in Southeast Asia resumed harvesting after the traditional February-to-May low-production season. Output from the region’s major producers, which represent 92 percent of global supply, may climb 10.5 percent to 2.3 million tons in the three months through June, the Association of Natural Rubber Producing Countries said in a monthly report in April.
The decline in rubber stockpiles in Japan is supporting prices, raising speculation that the country will soon replenish inventories, said Hiroyuki Kikukawa, general manager of research at IDO Securities Co.
Crude rubber stockpiles held at Japanese warehouses fell 0.7 percent to 8,112 tons as of May 10, according to data from the Rubber Trade Association of Japan.
Further gains in rubber prices are likely to be limited as demand from China, the biggest buyer, remains low, said Chaiwat.
“Chinese buyers seem to wait for prices to fall before building up inventories.”
Bloomberg

Source: http://www.thejakartaglobe.com/business/supply-concerns-boost-rubber/443171