Thursday, January 10, 2013
GMG
GMG / Rubber: Counter in good volume today. We note that Rubber Prices has been on an ascending trend, testing an 8 mth high as as speculations grew that China, the world’s biggest consumer, will step up purchases before holidays next mth. China boosted natural-rubber imports by 15% to 3.28mtons last ye, according to Association of NaturalRubber Producing Countries. Imports are likely to keep rising as expanding car sales boost demand for tires, notes Fujitomi Securities
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Time for rubber price to rebound after a long time?
ReplyDeleteInteresting, an Indonesian rubber company is having an IPO in spore. Worth taking a look.