We received one repeat order and one new order for our Ethephon Plus latex stimulants. The items were packed in 25kg. plastic containers and mounted onto wooden pallets.
In view of the urgency of the delivery, we managed to get the items exported within 10 days from the date of receiving the firm order and payment. All documents will be couriered to our customers by today.
We look forward to further orders from our customers very soon.
Interested parties who want to import our latex stimulants can contact us at : TWKANG@emp.com.my.
Rubber May Advance 26% on Supply Shortage, RBS Says (Update1)
June 24, 2010, 8:09 AM EDT(Adds comment from third paragraph.)
By Claire Leow
June 24 (Bloomberg) -- Rubber prices may climb 26 percent next year as supplies lag behind demand, Royal Bank of Scotland Asia Securities (Singapore) Pte. said in an e-mailed report.
Natural rubber may average $4,500 a metric ton next year, up from $3,580 a ton year-to-date, as “heavy rainfall in southern Thailand has disrupted supply” and “inventory levels in China are worse than we expected,” said Nirgunan Tiruchelvam, a commodities analyst.
Rubber futures advanced 1.5 percent this year to 280.2 yen a kilogram in Tokyo, or $3,139 a metric ton. The most active contract climbed 3.6 percent last week on concern rain was affecting Thai crops.
Thailand is the world’s largest producer, and China the biggest consumer. About 70 percent of rubber, tapped as sap from trees, is used in the auto industry for tires.
“This disruption to supply is serious because Thailand accounts for 31 percent” of world production, Tiruchelvam said.
He reiterated his recommendation that investors buy GMG Global Ltd., a producer listed in Singapore, with a 12-month target of 27 Singapore cents. The shares have doubled to 22 cents this year.
--Editor: James Poole