The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» LIOC.N0000 (Lanka IOC PLC)
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyYesterday at 1:02 pm by LSE

» Thread for News on CSE and SL Economy
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyFri Jan 24, 2020 10:08 am by lanka

» Gota's Era
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyFri Jan 24, 2020 9:33 am by yellow knife

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Searing Heat in China Is Causing Havoc for Rubber Makers EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Searing Heat in China Is Causing Havoc for Rubber Makers EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
Searing Heat in China Is Causing Havoc for Rubber Makers EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Searing Heat in China Is Causing Havoc for Rubber Makers EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Searing Heat in China Is Causing Havoc for Rubber Makers EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Searing Heat in China Is Causing Havoc for Rubber Makers EmptyTue Dec 10, 2019 5:23 pm by Backstage

January 2020
SunMonTueWedThuFriSat
   1234
567891011
12131415161718
19202122232425
262728293031 

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Searing Heat in China Is Causing Havoc for Rubber Makers

Go down

Searing Heat in China Is Causing Havoc for Rubber Makers Empty Searing Heat in China Is Causing Havoc for Rubber Makers

Post by Backstage on Fri May 17, 2019 2:43 pm

Searing Heat in China Is Causing Havoc for Rubber Makers
By Alfred Cang
May 17, 2019, 11:24 AM GMT+5:30

   Yunnan’s biggest plantation stops tapping because of heat
   Shanghai futures whipsawed in heaviest trading in 9 months


Searing heat in China’s southwest is causing havoc in the world’s largest rubber futures market after forcing the nation’s top plantation owner to cease tapping.

The heatwave scorching Yunnan province, which supplies half the country’s natural rubber production, has created hazardous working conditions and raised the risk of pests, prompting Jiangcheng Rubber Co. to stop tapping this week.

As the local meteorological agency warns that temperatures are set to remain as high as 40 degrees Celsius in some parts of Yunnan, traders are looking for details of operations throughout the rest of the province as speculation swirls that its rubber industry group has ceased tapping at all plantations.
Heatwave in southern China shuts plantations

“Investors are very bullish on rubber prices in Shanghai amid a great deal of speculation that production in Yunnan will be massively reduced because of the hot weather,” said Jia Zheng, a portfolio manager at Shanghai Minghong Investment Co.

An official who answered a call to Yunnan Nongken Group, the state farm supervisor that oversees local tropical agricultural production and the Yunnan Natural Rubber Industry Group, declined to comment on the status of tapping. An official at the China Natural Rubber Association also declined to comment.

The disruption is a big deal for futures in Shanghai because only domestically produced rubber is normally used for physical settlement of the contracts, said Jia from Shanghai Minghong Investment.

Rubber has jumped 3.5% on the Shanghai Futures Exchange this week amid the heaviest trading since August on Thursday. Futures for September climbed to 12,280 yuan a metric ton on Friday, the highest in two months, before giving up gains to trade 0.5% lower by the midday break. The benchmark TSR20 contract on the Singapore Exchange has risen 1.3% this week.

China is a significant producer of natural rubber, with output of about 800,000 tons in 2016, though it’s the largest consumer and importer. The world produces about 14 million tons of natural rubber annually, according to the International Rubber Study Group.
Backstage
Backstage
Top contributor
Top contributor

Posts : 3591
Join date : 2014-02-24

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum