Natural Rubber Fundamental Daily Analysis

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Tocom rubber price on Monday afternoon trade seems closed up. The price of natural rubber futures for the most active contract of November 2017 strengthened helped by the weakening of the Yen and rising crude oil prices.

 

A weaker yen makes Tocom's natural rubber futures lifted. For overseas buyers the weakening of the yen makes commodity prices traded in these currencies become relatively cheaper so that demand increases.

 

The price of natural rubber at Tocom for the most active contract for November 2017 this afternoon ended up 0.4 percent at 190.10 yen per kilogram, increase from its previous close at around 189.30 yen per kilogram.

 

Analysts expect that Tocom's rubber price movement in next trading today may still strengthen with the weakening of Yen and the rise in crude oil. For the next trading session according to expectations, the price is expected to touch resistance level at 195.00 yen.

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Tocom rubber price on Tuesday afternoon trade (27/06) ended up. The price of natural rubber futures for the most active contract of November 2017 strengthened helped by rising crude oil prices.

 

Crude oil futures rose for a fourth straight session on Tuesday in Asia session, helped by short covering of investors, despite concerns about a bloated supply of oil still threatening prices.

 

The price of natural rubber at Tocom for the most active contract for the November 2017 contract this afternoon ended up by around 3.3 yen or 1.7 percent at 193.40 yen per kilogram.

 

Analysts estimate that Tocom rubber price movement in next trading today still has the potential to strengthen limited with the increase of crude oil. However, if the weakening Yen continues then it will depress the price of Tocom rubber.

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Tocom rubber price on Wednesday afternoon trade (28/06) moved up. The price of natural rubber futures for the most active contracts by December 2017 ended up again driven by rising rubber prices in Shanghai.

 

The most active rubber contract on the Shanghai futures exchange rose around 250 yuan or 2% at 13,045 yuan per ton. The natural rubber price at Tocom for the most active contract for December contracts rose by 6.0 yen or 3.1 percent at 199.60 yen per kilogram.

 

Analysts estimated Rubber price movement for the subsequent trades have the potential to strengthen limited by rising rubber prices in the Shanghai market. Also be observed by the movement of Yen and crude oil prices.

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Tocom's natural rubber futures on Thursday afternoon (06/07) ended down slightly. A slight decline of Tocom rubber prices triggered by a rebound in Shanghai rubber prices and crude oil which made a comeback.

 

The most active rubber contract on the Shanghai futures exchange is for September delivery where it rose around 75 yuan to end at 12,900 yuan (US $ 1,896) per tonne, after hitting a one-week low hit on Tuesday. 

 

Analysts expect that Tocom's futures rubber futures will move further if the crude oil price continues to strengthen. On the next session it seems that Rubber futures on Tocom will test resistance levels at 201.50 yen and 206.50 yen.

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Tocom rubber price on Friday afternoon ended up. The price of natural rubber futures for the most active contract in December 2017 ended up on the rise in rubber prices on the Shanghai Stock Exchange.

 

The most active rubber contract on Shanghai exchange for September delivery rose about 1.93 percent at 13,455 yuan per tonne. The natural rubber price at Tocom for the most active contract for December contract ended up  0.9 percent at 201.60 yen per kilogram, up from its previous close of 199.90 yen per kilogram.

 

Many analysts estimated that Tocom's rubber price movement in subsequent trades has the potential to strengthen limited with the rise in rubber prices in the Shanghai market. Also be observed the movement of Yen and crude oil prices.

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Rubber prices continued to strengthen at the end of trading today, Wednesday (16/08/2017), amid optimism over the improved demand for this commodity. Natural rubber on the Exchange (Tocom), closing up 0.66% or 1.40 points to the level of 214.30 yen per kilogram (kg).

 

Previously, the price of rubber opened in the red zone with around 0.19% decline in the position of 212.50 yen per kg, after trading on Tuesday (15/8) ended up rebounding 1.38% at 212.90. Also, pushing up the price of rubber, the yen closed down 0.15% or 0.17 points to 110.84 per dollar.

 

In addition, the strengthening of crude oil prices prompted investors to be more optimistic that demand will improve after reports of increased car sales. In addition, the impact of increased car sales also increased sales of rubber which is a major component for car tires. It was reported that vehicle sales in China rose by 6%.

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Rubber prices posted a rebound in today's trading on Monday, boosted by optimism over improving demand. The price of rubber for delivery in January 2018, the most-active contract on the Tokyo Commodity Exchange (Tocom), closed up 0.28% or 0.60 points at 216.80 yen per kilogram (kg).

 

Earlier this morning, rubber prices opened with a 0.19% rise or 0.40 points at 216.60 yen per kg position, after trading on Friday ended down 0.46% at around 216.20. The natural rubber price was able to rebound from weakness recorded last weekend, although at the same time the performance of the yen currency again appreciated.

 

However, he continued, the high amount of rubber stocks limit the price increase. Japan's raw crude stockpiles reportedly rose 0.3% to 7,616 tons, while the number of rubber stocks monitored by the Shanghai Futures Exchange rose 2% to 395,158 tons on Aug. 17.

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Prices of Natural Rubber futures closed higher on Thursday, boosted by expansion data from China's manufacturing sector. Based on National Bureau of Statistics (NBS) data, the manufacturing purchasing managers index (PMI) rose to 51.7 in August.

 

The PMI figure is higher than the median forecast of economists in a Bloomberg survey of 51.3, as well as a PMI figure of 51.4 in July. Also, the weakening of the yen and the Nikkei index's rise also provided fresh impetus and wind for this commodity. The Japanese yen exchange rate weakened 0.22% or 0.24 points to 110.48 yen

 

Therefore, the price of rubber for delivery in February 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), closed up 1.16% or 2.50 points to 218.60 yen per kilogram (kg). Previously, rubber prices opened with a 0.14% increase or 0.30 points at 216.40 yen per kg position, after trading on Wednesday ended up 0.28% at 216.10.

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The rubber price rally ended in today's trading on Thursday (7/9/2017), with a weakening of more than one percent. The price of rubber for delivery in February 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), closed down 1.07% or 2.50 points at 231 yen per kilogram (kg).

 

The weakening of rubber prices today ended the rally posted three days in a row before. Analysts say rubber prices are affected by crude oil prices and a stronger yen with investors picking up sentiment from weaker crude oil prices and a stronger yen to take profits after recent rallies.

 

The price of WTI crude oil today was down around 0.33% while the yen's price actually appreciated around 0.16% or 0.17 points to 109.07 per US dollar, having previously ended depreciating 0.40% towards 109.24.

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The price of rubber continues its rally on the third day in a row until today, although at the same time the yen appreciates. The price of rubber for delivery in February 2018, the most-active contract on Tokyo Commodity Exchange (Tocom), closed up 0.14% or 0.30 points at 213.90 yen per kilogram (kg).

 

Previously, the rubber price opened with a weakening about 0.56% or 1.20 points at 212.40 yen per kg position, after trading on Monday (25/9) ended up more than one percent at 213.60.

 

The strengthening of rubber prices on the Tocom exchange in morning trading was in line with the strengthening of rubber prices on the Shanghai Stock Exchange. According to some analysts, rubber prices get support from downstream plant activities where every factory increases its inventory.

 

From September 20, 2017 to Tuesday, September 26, 2017, it was noted that the price of rubber in the Japanese commodity exchange, TOCOM has risen by 0.14 percent, or strengthened by about 1.70 yen per kg.

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The price of rubber closed down nearly 2% in today's trade, in line with the fall in rubber prices on the Shanghai Stock Exchange. The price of rubber for delivery in March 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), closed down 1.94% or 4 points to 201.80 yen per kilogram (kg).

 

Meanwhile, rubber for January delivery on the Shanghai Futures Exchange (SHFE) dropped 6.95 to 10,980 yuan per tonne. Futures on Shanghai bourse continued to weaken as traders eagerly closed off selling and buying ahead of the long holiday.

 

The market is also monitoring the amount of inventories in Shanghai, which may continue to be a pressure on January's rubber shipments. In contrast to the price of rubber, the yen exchange was down 0.26% to 112.60 per US dollar.

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Rubber prices managed to continue strengthening at the end of trading the second day in a row on Thursday, driven by optimism around the demand for this commodity. The price of natural rubber for March 2018 delivery at Tokyo Commodity Exchange (Tocom), closed up 0.82% at 197.60 yen per kilogram (kg).

 

According to analysts, improving economic conditions in China has lifted market optimism. The market is optimistic that demand for rubber will increase. China's National Bureau of Statistics (NBS) reported economic growth in the third quarter / 2017 grew around 6.8% or slowed from the previous two static quarters at 6.9%.

 

The slowdown is triggered by government policies that seek to control the national property market and curb domestic debt growth. Nevertheless, overall China's economic growth rate is still on the right track as it still grows above the government's target of 6.5% this year. Supporting the rubber, it seems Yen also continued to weaken about 0.07% or 0.08 points to 113.01 per US dollar, after on Wednesday ended depreciating 0.65% at position 112,93.

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The movement of rubber prices ended corrected in trading today, amid expectations of increasing the amount of inventory. The price of rubber for delivery in March 2018, the most-active contract on the Tokyo Commodity Exchange (Tocom), closed down 0.25% or 0.50 points at 197.10 yen per kilogram (kg).

 

Earlier, the price of natural rubber opened with a decline about 1.21% or 2.40 points at 195.20 after trading on Thursday (19/10) ended up 0.82% at 197.60 level.

 

Investors began to take profits on expectations that the number of inventories in China will increase. Total rubber stocks monitored by the Shanghai Futures Exchange reported up 3.6% on Oct. 12, an increase for the 18th week.

 

The total rubber inventories in Qingdao increased 5.1% to 198,900 tonnes on October 13. On the other hand, the yen was down 0.59% or 0.66 points to 113.20 per US dollar at 13.49 WIB, after on Thursday (19/10) ended up appreciating 0.35% at 112.54 .

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Strengthening of observed rubber prices eroded in trading this morning, Tuesday and in line with the appreciation of the exchange rate of Yen against US dollar. Rubber for March 2018 gained about 0.20 percent to 196.60 yen per kilogram (kg) in this session.

 

Earlier, the rubber price opened with a 0.56% rebound or 1.10 points at 197.30 level after Monday's trading ended down 0.46% at 196.20 level. Analysts said the positive movement of rubber prices was supported by the weakening performance of the yen.

 

The performance of the yen has weakened about 1.2% over the past month, though this morning is observed to strengthen. Meanwhile, according to the Association of Natural Rubber Producing Countries (ANRPC), the world rubber supply of 2018 is expected to exceed demand levels by 2%.

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The price of rubber moved lower in late trading today, in line with the weakening of crude oil and the strengthening of Yen itself, while Rubber's price for delivery in April 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), fell around 0.1% or 0.20 points towards around 195.50 yen per kilogram (kg).

 

Previously, rubber prices opened stagnant after trading last weekend, Friday (24/11), closed up 2.30% or 4.40 points to 195.70 yen per kg. According to analysts, the strengthening of the yen and the weakening of crude oil prices became a pressure sentiment on the rubber market.

 

China's rubber inventory monitored through the Shanghai Futures Exchange slumped about 37% to 322,408 tonnes per week, down from its highest level since 2003. Supporting the rubber, the yen today rose 0.13% or 0.14 points to 111, 39 per US dollar.

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Rubber prices ended stagnant in trading today, Tuesday amid weaker crude oil prices ahead of OPEC meeting. The price of rubber for delivery in May 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), ended stagnating at 196 yen per kilogram (kg).

 

Earlier, the May's rubber contract price opened down around 0.05% towards 195.90. The price for April 2018 contract was able to finish up about 0.41% at 195 yen per kg after yesterday's trading closed down 0.77%.

 

Analysts said the price of rubber was affected by crude oil prices, triggering a sell-off of this commodity. Japanese rubber inventories were up 8.3% at 6,262 tons. China's rubber stocks monitored by the Shanghai Futures Exchange slumped 37% to 322,408 tonnes per week, down from the highest level since 2003.

 

The weakening of oil is triggered by the start of the recovery of pipelines that drain the crude oil from the Alberta oil field to the US crude oil trading center. On the other hand, the yen exchange rate was observed to weaken 0.16% or 0.18 points to 111.27 per US dollar at 14.09 WIB, after on Monday (27/11) ended up 0.39% at 111.09 .

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Rubber prices fluctuate in trading today, after being affected by a number of sentiments. The price of rubber for delivery for May 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), was falling down 0.59% at 202.80 yen per kilogram (kg). Analysts said rubber prices were weighed by a stronger yen, a weaker Nikkei index, and a weaker crude oil price on Tuesday. 

 

Besides that the weakening of natural rubber prices is also limited by the efforts of producer countries to limit supply. Known, Indonesia, Malaysia and Thailand are rumored to be reimposing the rubber export restriction scheme in December 2017 to lift the price of the commodity in the global market.

 

The three major rubber producing countries that are members of International Tripartite Rubber Council (ITRC) consider the impact of the world natural rubber price decline, especially for the welfare of small farmers. Meanwhile, in addition to the above Japanese yen exchange rate is also observed rising 0.23% 113.29 per US dollar.

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The price of natural rubber is observed to continue strengthening at the end of the third day of trading in a row. The price of rubber for delivery in May 2018, the most active contract on Tokyo Commodity Exchange (Tocom), closed up 0.54% or 1.10 points at 205.30 yen per kilogram (kg).

 

Previously, Rubber price's May contract opened down around 0.15% at 203.90, after yesterday's trading ended up to 204.2 yen per kg. Some analysts have said that there is growing speculation that shipments from Thailand will decline following government efforts to suppress exports.

 

In addition, there is a decrease in seasonal production that occurs. Earlier, Agriculture and Cooperative Minister Grisada Boonrach said the government was balancing to cut rubber production and boost local demand to shore up prices. In line with rubber, the Japanese yen exchange rate was down 0.17% to 112.73 yen per US dollar.

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Rational, and Real, Numbers

 

m/n stands for mth of n, not division.

 

Natural Numbers: 1,2,3,4,.........,n

Rational Numbers: 1/n, 2/n, 3/n,.....n/n

Real Numbers: n ?, 0,1

 

Or, you could start the natural numbers with zero:

 

Natural Numbers: 0,1,2,3,.........,n-1

Rational Numbers: 0, 1/n, 2/n, 3/n,.....n-1/n

Real Numbers: n ?, 0,1

 

COMMENT:

As n ? , m can also approach infinity.