MARKET BUZZ
Benchmark TOCOM rubber futures extended declines on Friday, pulled down as the U.S. dollar dropped to its lowest in three weeks against a basket of currencies. (Reuters)
Investors booked profits in rubber futures on the National Multi-Commodity Exchange for the second consecutive day, after prices rose for four trading days in a row, analysts said. The most active February rubber contract ended at 14,311 rupees per 100kg, down 0.3% from the previous close. (Cogencis)
China imported 560,000 tons of natural and synthetic rubber in November, 2016, a rise of 42.8 per cent from the same period of 2015, according to data from the General Administration of Customs. During the first 11 months of this year, aggregate import volume of natural and synthetic rubber was 5.08 million tons, representing a year on year gain of 23 per cent. (Reuters)
The National Multi-Commodity Exchange of India has added the Central Warehousing Corporation’s warehouse at Trivandrum as an additional delivery centre for rubber and black pepper, the exchange said in a notice.(Cogencis)
India’s natural rubber consumption rose 13.0% on year to 88,000 tn in November, from 77,880 tn, according to data released by the Rubber Board today. The country’s imports of natural rubber rose sharply from a year ago despite a rise in production. India’s natural rubber imports were 43,123 tnduring November, up 22.4% on year. (Cogencis)
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Geofin Comtrade
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