Rubber Future Prices Demand Outlook 2011

Rubber Future Prices Demand Outlook 2011 : Raw rubber sheet prices are now quoted at 138 baht per kg, while smoked ribbed rubber sheets No 3 (RSS3) were trading Monday in the Hat Yai cash market at 149.55 baht, with latex at 131 baht per kg. World?s leading rubber producer and exporter Thailand said, fast growing economy India?s demand along with China could keep rubber prices up for next year as well. According to Ananta Dalodom, Thailand?s former director-general of the Agriculture Department, rubber prices are expected to stay well above 100 baht per kilogramme.

Demand has shifted to China and India from the United States and Japan during the past three years, making China the largest importer at 2.7 million to 2.8 million tonnes, driven by high growth in the automotive sector.

Natural Rubber and Futures Market
Rubber is one of the most important products to come out of the rainforest. Like maize, rubber also owes its existence to South America. Since a long time, the central and the South Americans had collected rubber from a plant named Castilla elastica. The native South American initially used rubber to play a ball game by making balls of rubber. Slowly over a period of time, other than playing games with rubber balls, rubber was also used in making temporary shoes, fixing stone and metal tools to wooden handles and making water proof clothes. When the Europeans explored the American continent, they were astonished to see this material and introduced natural rubber to the world. Read More...

Commodity Rubber Future Prices Boost Demand Outlook 2011
Commodity rubber future prices jumped to another record high in Tokyo on the back of firm oil prices and supply worries, but profit-taking capped gains, dealers said. Rubber surged to more than 500 yen a kilogram for the first time as signs the global economy is improving boosted speculation demand will keep expanding for the commodity as weather disruptions constrain supplies. The cash price in Thailand also surged to a record. Read More...

Rubber Prices Outlook 2011 and Demand in China, India, Thailand
Demand from India keeps rising due to its economic growth, as India plans to construct roads covering up to 200,000 kilometres using natural rubber as part of the material. Rubber prices have been rising steadily since 2002 when the raw rubber sheet price was 29.15 baht per kg, RSS3 was 30.23 baht and latex 30.49 baht. Read More...

MICHELIN sees rising sales, profit in 2011
French tyremaker Michelin sees sales volume and profit rising again in 2011 after sharp improvements in 2010, as it hikes prices to offset rising raw material costs. Michelin said on Friday (February 11) rising raw material costs would have a 1.5 billion euros ($2 billion) impact on operating income in 2011, but 75 percent of that was offset by price increases already announced or implemented. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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