RTRS-RUBBER-Tokyo futures rise on Thai intervention plan (01/02/2012)

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Category: ต่างประเทศ

Published on Wednesday, 01 February 2012 03:56

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TOKYO, Feb 1 (Reuters) - Key TOCOM rubber futures 
edged higher early on Wednesday encouraged by Thai government 
plans to start a market intervention scheme in mid-February, 
which countered pressure from a strong yen. 

FUNDAMENTALS 
* The key Tokyo Commodity Exchange rubber contract for July 
delivery <0#2JRU:> rose 1.6 yen to 316.5 yen as of 0035GMT. 
* On Tuesday, a Thai senior Agriculture Ministry official 
said the rubber intervention scheme is expected to start in 
mid-February after several legislative steps have been 
completed. [ID:nL4E8CV4H0] 
* The Thai government has approved a 15 billion baht ($474 
million) plan to buy rubber from farmers at 120 baht per kg to 
support domestic prices. [ID:nL4E8CO34M] 
* U.S. auto sales for January are expected to show 6 percent 
growth from year-earlier levels, evidence of a slow recovery as 
Americans opt to replace cars and trucks they kept on the road 
through the recession. [ID:nL2E8CUCTA] 
* Honda Motor Co <7267.T> slashed its annual profit guidance 
to the lowest level in three years as it counted the cost of 
natural disasters in Japan and Thailand and a strong yen. But it 
forecast a healthy rebound next year. [ID:nL4E8CV11N] 
* For the top stories in rubber market and other news, click 
[TOP/CE], [TOP/MACRO] [RUB/T] or [COM/WRAP] 
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
FACTBOX on physical trading [ID:nL3E7IQ1WF] 
FACTBOX on rubber trading [ID:nL4E7JO0G8] 
Asia Softs outlook: [SOF/AS] 

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> 

MARKET NEWS 
* The yen stayed at a three-month high against the U.S. 
dollar at around 76.22. [USD/] 
* The Nikkei share average dipped on Wednesday after online 
retail giant Amazon.com warned it may log a first 
quarter loss, while U.S. economic data revived concerns about 
the strength of recovery in the world's largest economy.[.T] 
* Brent crude edged higher while U.S. oil slipped on 
Tuesday, as disappointing U.S. data reined in prices that had 
surged on hopes Greece could reach a debt deal and on a European 
Union move toward budget discipline.[O/R] 

DATA EVENTS 
* The following data is expected on Wednesday. 
- 0100 China NBS Manufacturing PMI Jan 2012 
- 0230 China HSBC Manufacturing PMI Jan 2012 
- 0500 India HSBC Markit Mfg PMI Jan 2012 
- 0500 U.S. Total Vehicle Sales Jan 2012 
- 0843 Italy Markit/ADACI Mfg PMI Jan 2012 
- 0853 Germany Markit/BME Mfg PMI Jan 2012 
- 0858 EZ Markit Mfg PMI Jan 2012 
- 1000 EZ Inflation, flash yy Jan 2012 
- 1500 U.S. ISM Manufacturing PMI Jan 
- 1500 U.S. Construction spending Dec 
- Russia HSBC Mfg PMI Jan 2012 


(Reporting by Yuko Inoue) 
(( This e-mail address is being protected from spambots. You need JavaScript enabled to view it. )(81-3-6441-1815)(Reuters 
Messaging: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. )) 

((For morning and afternoon prices at Thailand's state-run central rubber market, click on . 
For other physical rubber prices in Thailand, click on . 
For more details on Indonesian and Malaysian prices click on and . 
* Reuters Terminal users can see cash and futures rubber prices by double clicking on the codes in the brackets: 
- Tokyo rubber futures -- <0#JRU:> 
- Shanghai rubber futures -- <0#SNR:> 
- Singapore rubber futures -- <0#SRS:><0#SRU:> 
<0#STF:> 
- Thai rubber futures <0#ARU:><0#ASR20:> 
- All rubber news [RUB] 
- Tokyo rubber report [RUB/T] 
- Shanghai rubber report [RUB-CN] 
- Thailand rubber report [RUB/TH] 
- Asian rubber report [RUB/AS] 
For Related News and other topics, double click on one of these codes: SPEED GUIDES )) 

Keywords: MARKETS ASIA RUBBER 



For Related News, Double Click on one of these codes:[IF] [J] [MF] [SI] [C] [SOF] [Z] [RNP] [DNP] [PTD] [COM] [DRV] [EMRG] [ID] [ASEAN] [TH] [JP] [MY] [CN] [ASIA] [MKTREP] [RUB] [AGRI] [SFTS] [LEN] [RTRS] [RUB/T] 
Wednesday, 01 February 2012 07:54:27RTRS [nL4E8D10AR] {EN}ENDS 

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