Trying time for the rubber glove industry
CAN it be that the stock market’s love affair with rubber glove manufacturers is on the rocks amid signs that there will be no repeat of the industry boom like last year?
In addition to the slower demand growth in the rubber glove industry, analysts expect additional headwinds in the form of the weak US dollar and higher latex costs. (more)
Natural Rubber Production Up 8.4 Per Cent In June 2010
KUALA LUMPUR, August 13 (Bernama) — Natural rubber production rose by 5,491 tonnes or 8.4 per cent to 70,745 tonnes in June this year compared to the previous month.
Production, however, dropped by 9,954 tonnes from 80,699 tonnes on a year-on-year basis, said the Statistics Department in a statement Friday. (more)
Rubber Prices To Trade Rangebound Next Week
KUALA LUMPUR, Aug 14 (Bernama) — Malaysian rubber prices are expected to be rangebound next week, tracking regional rubber futures, dealers said.
“The local market’s movement will depend on the performance of rubber futures prices on the Tokyo Commodity Exchange (TOCOM). Most players watch TOCOM and when the price is falling, they don’t come in,” a dealer said. (more)
Asian Physical Rubber Prices
BANGKOK, Aug 16 – Asian physical rubber prices were mostly unchanged on Monday as limited supply in producing countries offset slight falls in futures contract prices on the Tokyo Commodity Exchange, dealers said.
Heavy unseasonable rain has hit the south of Thailand, the biggest producer, and disrupted tapping there, while Indonesia, the second-biggest, is in the dry season when rubber trees produce less latex, they said. (more)