Rubber Report - 20 March 2017 Rubber Report - 20 March 2017 | DZHI - DZH International 

Rubber Report - 20 March 2017

  • i2Matrix
  • 20 March 2017
Rubber ends up 1.6% on firm Shanghai
TOKYO (March 17): Benchmark Tokyo rubber futures ended up 1.6% on Friday, after touching their highest since March 8 earlier as firm Shanghai futures improved market sentiment.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, clocked a 2.4% weekly gain as brokers said the selling pressure on the overall market has eased after news that Thailand has postponed an auction for 120,000 tonnes of rubber because of low prices.
The Tokyo Commodity Exchange rubber contract for August delivery finished 4.1 yen higher at 268 yen (US$2.36) per kg, after rising to a peak of 270 yen.
Japanese markets will be closed on Monday for Spring Equinox holiday.
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 2.4% from last Friday, the exchange said on Friday.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 530 yuan to finish at 18,230 yuan (US$2,640) per tonne.
China’s power consumption in February jumped 17.2% year on year to 448.8 billion kilowatt hours, the National Energy Administration said on Friday.
The front-month rubber contract on Singapore’s SICOM exchange for April delivery last traded at 203.60 US cents per kg, up 2.9 US cents.
(US$1 = 113.3300 yen)
(US$1 = 6.9066 Chinese yuan)
-- Reuters



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Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 ( business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

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Benny Lee's interview with Bloomberg Malaysia