Natural Rubber Fundamental Daily Analysis

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Tocom rubber price in midday trading Wednesday (28/12) was observed to rise. Prices of natural rubber futures for the most active contract, namely in June 2017 helped to strengthen the yen weakened. USDJPY traded higher by 0.20 percent at 117.67.

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased.

Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon in June 2017 moved up by 2.6 yen or 1.0 percent at 259.80 yen per kilogram, an increase compared to the previous closing at 257.20 yen per kilogram.

For the next trading session the Rubber price is expected to meet the resistance level at 265.00 yen. No further resistance at 270.00 yen. Meanwhile if lower prices will find support at 255.00 yen and 250.00 yen.

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Japan's trade commodity exchanges, including exchanges Tocom rubber off in early trading today, Tuesday (03/01), a holiday for the Bank Holiday. Tocom rubber price on the final trading session on Friday (30/12) finished up. 

Price of natural rubber futures for the most active contract, namely in May 2017 helped strengthen weaker yen and rising crude oil prices. USDJPY currency pair traded up 0.09 percent at 116.64. A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities relatively cheaper, so the demand has increased.

Analysts estimated that Rubber price movements on the next trading day may still appreciate by the increase in crude oil production cuts with the optimism that began in January 2017's. For the next trading session price is expected to meet the resistance level at 269.00 yen.

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Natural rubber prices Tocom futures trading on Thursday afternoon ended down. Weakening Tocom rubber prices triggered a strong yen and weakening crude oil. USDJPY pair fell to 115.77. The strengthening of the yen occurred after the US dollar weakens after FOMC minutes which show a large uncertainties in the coming US fiscal policy

The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined.

Analysts estimated that Tocom Rubber Price futures at the next trade is potentially affected by the natural pressure of the strengthening Japanese yen. Rubber will test the support level at 268.00 yen and 263.00 yen. Prices will meet resistance at 278.00 and 283.00 yen if the price reverses into positive territory.

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Natural rubber prices Tocom futures on Friday afternoon (06/01) ended down. The weakening of rubber prices eroded Tocom drop in crude prices. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased.

In today's trading, the price of rubber futures for the most active contract which a contract that expires in June 2017 fell by 2.10 percent, to 267.5 yen per kilogram, down from its previous close on 273 , 1 yen per kilogram.

Analysts estimated that Tocom rubber futures for the next session will weaken by the potential weakening of Crude Oil that can push prices Tocom rubber. But also need to be observed Yen movements that can affect the price of rubber Tocom. Price may test the support level at 261.50 yen and 256.50 yen. Prices will meet resistance at the level of 272.50 if the price is in positive territory.

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Tocom rubber price in midday trading Wednesday is about to rise. Prices of natural rubber futures for the most active contract, namely in June 2017 helped to strengthen weaker yen and rising crude oil prices. Observed the Japanese Yen weakened.

A weaker yen makes Tocom futures price of natural rubber rose as expected. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Tocom rubber price increases also supported the rise of crude oil in the Asian trading session.

Natural rubber prices in Tocom for the most active contract is for the contract in June 2017 during rise about 10.1 yen or 3.6 percent at 289.50 yen per kilogram, for the next trading session price is expected to meet the level of resistance at position 295,00 yen. No further resistance at 300.00 yen.

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Tocom rubber prices on Thursday afternoon (12/01) finished up. Natural rubber futures prices for the most-active contracttriggered a decline in rubber production. Worrying decline in production occurred in the presence of flash floods in Thailand.

In yesterday's trading, the prpice of Tocom rubber surged to a near four-year high on Wednesday amid fears of widespread flooding in southern Thailand, the world's largest rubber producer, will affect supplies, dealers said. Worrying decline in production continues to this day.

Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon ended June 2017 rose by 8.1 yen or 2.8 percent at 299.00 yen per kilogram, an increase compared to the previous closing at 290.90 yen per kilogram.

Analysts estimated that Rubber price futures for the next session is still potentially positive with declining inventories in Thailand and India. But today they will weaken if the yen continues to strengthen. For the next trading session price is expected to meet resistance at 304.00 yen.

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Natural rubber prices Tocom futures trading on Friday afternoon ended down. Weakening Tocom rubber prices triggered by profit-taking after prices reach a level of 300 Tocom rubber.

 

Benchmark Tokyo rubber futures extended gains to reach a near four-year highs on Thursday, achieving 300-yen / kg, due to concerns over supply from flooding in Thailand plus a rebound in oil prices provide support, dealers said.

 

Thailand will lose about 10% of rubber production in the 2016-2017 crop after flooding happened in the main areas of developing countries, said a senior industry official said on Thursday. Southern Thailand has suffered flooding since January 1, causing widespread flooding that has killed 36 people.

 

Profit taking also triggered poor Chinese import data. This morning released the Chinese imports in December 2016 bukukan rise 3.1 percent, down from growth of 6.7 percent in November. The weakening of the Chinese imports has prompted concern the decline in demand from China.

 

Analysts estimated that Tocom Rubber futures price for the next trading session is projected to rise influenced by the weakening of Yen and the rise in crude oil. Commodity prices Tocom rubber futures exchange will test resistance level at 298.50 yen and 303.50 yen.

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Tocom rubber prices on the trading session Monday afternoon finished up. Natural rubber futures prices for the most-active contract gained ie June 2017 triggered a decline in rubber production.

Global natural rubber production is likely to fall in the first quarter of 2017 due to floods had disrupted tapping in top producer Thailand, Association of Natural Rubber Producing Countries (ANRPC) said. Production for the period is expected to fall 0.8 percent from a year ago to 2.44 million tonnes.

Worrying for decline in production is still going on with the flood in Thailand. Southern Thailand has suffered flooding since January 1, causing widespread flooding that has killed 36 people. World rubber prices have soared amid concerns about the impact on production.

Natural rubber prices in Tocom for the most active contract, namely a contract on June 2017 increased by 11.5 yen or 3.9 percent at 305.00 yen per kilogram, an increase compared to the previous closing at 293.50 yen per kilogram.

Analysts estimated that Tocom Rubber price for the next trade session has chance to rise since there is declining inventories in Thaildand and India. But today they will weaken if Yen continues to strengthen. For the next trading session price is expected to meet the resistance at 310.00 yen.

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Tocom rubber prices on the trading session Friday afternoon (27/01) was observed to rise. Prices of natural rubber futures for the most active contract, namely in June 2017 helped to strengthen the yen weakened.

Observed that Japanese Yen weakened. USDJPY traded higher 0.30 percent at 114.92. This means weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased.

Natural rubber prices in Tocom for the most active contract, namely to contract on June 2017 moved up 15.3 yen or 4.9 percent at 327.90 yen per kilogram, an increase compared to the previous closing at 312.60 yen per kilogram.

For the next trading session price is expected to meet the resistance level at around 333.00 yen . No further resistance and price may rise at around 338.00 yen. Meanwhile if lower prices will find support level between 323.00 yen and 318.00 yen.

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Tocom rubber prices on Friday afternoon (10/02) closed up. Prices of natural rubber futures for the most active contract, namely in July 2017 helped strengthen by this weaker yen and rising crude oil prices.

Natural rubber prices in Tocom for the most active contract, for the contract on July 2017 ended up at 4.0 yen or 1.3 percent at 311.70 yen per kilogram, an increase compared to the previous closing at 307.70 yen per kilogram. Many analysts estimated that Tocom Rubber price movements for the next trading session may still appreciate the weaker yen and rising crude oil.

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Tocom rubber prices on Monday afternoon (13/02) closed up. Prices of natural rubber futures for the most active contract, namely in July 2017 helped to strengthen by the weakened Yen. USDJPY also rose about 0.4 percent on 113.68.

 

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom for the most active contract surged by 4.6 percent at 326.00 yen per kilogram.

 

For the week Tocom rubber prices also jumped 3.6 percent, largely driven currency weakening yen, rising crude oil, rubber price increases Shanghai stock exchange. Analysts estimated the movements on the next trading day may still appreciate by the weakening yen. For the next trading session price is expected to touch resistance level at 331.00 yen.

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Tocom rubber prices on Tuesday afternoon (14/02) ended flat. Prices of natural rubber futures for the most active contract, namely in July 2017 helped to strengthen the stability of crude oil prices.

The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices rose slightly by 0.12 percent at 326.40 yen per kilogram.

Analysts for today estimated that Tocom rubber price movements on the next trading day may still appreciate by the increase in crude oil. For the next trading session price is expected to meet the resistance level at 331.00 yen. No further resistance at 336.00 yen.

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Natural rubber prices on Wednesday afternoon (15/02) ended down. The weakening of rubber prices supported by weakening crude Oil prices. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased.

In today's trading, it seems that the price of Rubber futures price for then most active contract which will expire on July 2017 decreased by around 2.1 percent, to 319.7 yen per kilogram, down from its previous close..

Analysts predicted Tocom rubber futures for next session will weaken by the potential weakening of Crude Oil. But also need to be observed the Yen movements that can affect the price of Rubber. Natural Rubber futures exchange will test the support level at 315.00 yen and 310.00 yen.

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Natural rubber prices on Thursday afternoon (16/02) ended down. The weakening of rubber prices triggered by Yen. The strengthening observed where USDJPY pair fell about 0.2 percent rate at 113.94.

The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined.

In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in July 2017 ended lower by 1.1 percent to 316.2 yen per kilogram.

Analysts estimated that Rubber futures price movement for the next session is potentially affected by the natural pressure of the strengthening Japanese yen. Commodity prices Tocom rubber futures exchange will test the resistance level at 321.00 yen and 326.00 yen.

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Natural rubber prices this friday afternoon seems to moving down. The weakening of rubber prices show bearish sentiment because triggered a selloff in Thailand and weakening of rubber prices in Shanghai.

Weakening Rubber prices triggered a selloff in Thailand. It is estimated that Rubber to have sold 96,000 tons of the commodity in the auction held on Tuesday, an official in the rubber authorities told Reuters on Wednesday, adding it will hold another auction for 125,000 tons in March.

Likewise, the price of rubber on the Shanghai bourse declined. The most active rubber contract on the Shanghai futures exchange for May delivery extended losses in afternoon trade, to finish at 20,320 yuan per ton.

In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchanges dropped by -18.7 yen or -5.9 percent to 297.5 yen per kilogram, down from its previous close at 316,2 yen per kilogram.

Analysts predicted that the price movement of Rubber on next session is potentially affected by the weakening of the pressure of natural rubber prices Shanghai and sentiments of Thailand. Commodity prices will test the support level at 292.50 yen and 287.50 yen

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Natural rubber prices ended down. Tocom rubber prices triggered by the yen's rise. The increase of Yen exchange rate makes this commoditues becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined.

In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in July 2017 ended lower by 3.4 percent to 279.8 yen per kilogram, down from its previous close at 289, 5 yen per kilogram.

Analysts estimated Rubber futures price for the next session is potentially affected by the natural pressure of the strengthening Japanese yen. Price of Tocom rubber futures exchange will test the support level at 275.00 yen and 270.00 yen.

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Tocom rubber prices on Monday afternoon (27/02) closed up. Prices of natural rubber futures for the most active contract, namely August 2017 rose helped by a rising crude oil prices. Rubber price also supported by the rise of crude oil on Asia session.

The increase of crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber futures price increased by 2.9 yen or 1.09 percent at 270 yen per kilogram

Analysts predicted Rubber's price movement for the next session may still appreciate by the weaker yen and rising crude oil. For the next trading session price is expected to take the resistance position at 275.00 yen also for further resistance at 280.00 yen.

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Natural rubber prices on Tuesday afternoon (28/02) ended down. Tocom rubber prices triggered weakening the yen's rise. USDJPY exchange rate fell about 0.3 percent in 112.39. The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined.

 

In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract ono August 2017 ended lower by 1.3 percent to 266.4 yen per kilogram.

 

Analysts estimated the price movement of rubber futures at the next trade is potentially affected by the natural pressure of the strengthening Japanese yen. Commodity prices will test the support level at 261.00 yen and 256.00 yen.

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Natural rubber prices Tocom futures trading on Friday afternoon (03/03) ended down. Weakening Tocom rubber prices triggered by a strong yen and slowing growth in China's services.

 

The increase in the exchange rate of the Japanese yen also makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined.

 

In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in August 2017 which ended lower by 0.7 percent to 272.9 yen per kilogram, down from its previous close at 274, 7 yen per kilogram.

 

Analysts estimated that the price movement Tocom rubber futures at the next trade is potentially affected by the natural pressure of the strengthening Japanese yen. Tocom rubber futures exchange will test the support level at 268.00 yen and 263.00 yen

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Natural rubber prices on Tuesday afternoon (07/03) ended down. The weakening of rubber prices eroded by crude oil prices. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased.

 

In today's trading, the price of rubber futures for the most active contract on the Tokyo commodity exchanges that contract expires in August 2017 decreased by 6.6 yen, or 2.4 percent, to 269.4 yen per kilogram.

 

Analysts predicted the movemnet would have potential for weakening. But also need to be observed Yen movements that can affect the price of rubber Tocom. Commodity prices Tocom rubber futures exchange will test the support level at 264.00 yen and 259.00 yen.

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Tocom's natural rubber futures on Friday afternoon (26/05) ended down. The weakening of Tocom rubber prices eroded by the strength of the yen and the weakening of crude oil. A rise of Yen makes the price of commodities traded in this currency relatively more expensive for overseas buyers. The impact of demand for these commodities has decreased.

 

On afternoon trade, the price of rubber futures for the most active contract on the Tokyo commodities exchange, ended down by 11.4 yen to 216.2 yen per kilogram, down from its previous close of 227, 6 yen per kilogram.

 

For this week Tocom rubber prices remain positive around 1.2 percent, largely supported by the weakening of the Yen and rising crude oil. This weekend's price drop limits further increases.  Analysts had forecast that Rubber futures is still potentially naturally affected by the strength of the Japanese yen and the weakening of crude oil.

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Tocom rubber prices moved up helped by the weakening Yen. For overseas buyers the weakening of the yen makes the commodity prices traded in the currency become relatively cheaper so that demand increases.

 

The price of natural rubber at Tocom for the most active contract for the November 2017 contract this afternoon moved up by 5.6 yen at 187.20 yen per kilogram, this is way higher compared to the previous trading closing at 181.60 yen per kilogram.

 

Analysts expect that Tocom rubber price movement for next session still potentially to strengthen with the weakening of Yen. For the next trading session the price is expected to meet resistance level at 192.00 yen. The next resistance is at 197.00 yen.

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Natural rubber on Monday's afternoon (12/06) ended weak. The rubber price weakening was triggered by the strengthening of Yen. A rise of yen makes the price of commodities traded in this currency relatively more expensive for overseas buyers. The impact of demand for these commodities has decreased.

 

In afternoon trade, the price of rubber futures for the most active contract on the Tokyo commodities exchange, ended down by -0.1 yen to 186.9 yen per kilogram, down from the previous close at 187, 0 yen per kilogram.

 

Analysts expect that Tocom's futures rubber futures movement will move weaker with a stronger yen. However, if the strengthening of crude oil continues to support price increases. Futures of rubber futures on the Tocom exchange will test Support levels at 180.00 yen and 175.00 yen.

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Tocom rubber price on Thursday afternoon trading session (22/06) ended up. The price of natural rubber futures for the most active contract of November 2017 strengthened helped by the bargain hunting effort.

 

The bargain hunting action came after Tocom's rubber price tumbled about 2 percent in yesterday's trade as crude oil slumped. The price of natural rubber at Tocom for the most active contract ended up 3.2 yen or 1.7 percent at 189.50 yen per kilogram, up from its previous close of 186.30 yen kilogram.

 

Analysts expect that Tocom's rubber price movements in subsequent trades will still have the potential to strengthen if the bargain hunting action continues. However, it should be noted that the movement of the yen is strengthened and the potential for crude oil weakening. For the next trading session the price is expected to meet resistance level at 194.50 yen.

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Tocom's natural rubber futures on Friday afternoon (08/06) ended down slightly. The weakening of Tocom rubber price triggered by a slight strengthening Yen. Yen monitored strengthen on this afternoon. The US Dollar / Yen pair traded down by about 0.03 percent at 111.30.

 

An increase in Japanese yen makes the price of commodities traded in this currency relatively more expensive for overseas buyers. The impact of this demand for commodities has decreased. In afternoon trading, the price ended down slightly by 0.11 percent to 189.3 yen per kilogram.

 

Analysts estimated Rubber futures prices on the next trade will move weak if the currency strengthening Yen occurs. But the rise in crude oil could be a price supporter sentiment.