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

1 comment:

  1. Time for rubber price to rebound after a long time?

    Interesting, an Indonesian rubber company is having an IPO in spore. Worth taking a look.

    ReplyDelete