DAILY REPORT ON NATURAL RUBBER

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As the week’s session culminates, TOCOM rubber futures was hoovering near the four month peak asn was probably heading to post gains for the fifth consecutive week.
Crude rubber stockpiles held at Japanese warehouses fell 2.5 percent to 6,060 metric tons on September 30 according to data from the Rubber Trade Association of Japan.
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Glove Makers Hope 2013 Budget Provides Incentives for the Rubber Glove Industry

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The Malaysian Rubber Glove Manufacturers Association (MARGMA) is hoping that the 2013 budget introduces more tax incentives for the rubber glove industry.

The assistance by the government would help the rubber glove industry move towards a greater mechanization and automation, and reduce dependency on foreign labor. — Lim Kwee (president of MARGMA)

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Shen Wei (USA) BBQ in China 2012

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Employee appreciation BBQ in China provided by Shen Wei (USA) management team.

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Burma’s Rubber Production Increases

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The country’s rubber export increase by 20,000 tons, reaching 70,000 tons in 2011-12 from 50,000 tons in 2005-06, fulfilling a 2011-12 target.  To further increase rubber outpur, a two-day workshop on rubber growing techniques will be launched in Rangoon on September 15, using local and foreign experts.

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It’s time for our annual Halloween contest! This year’s theme: Superheroes.

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It’s time for our annual Halloween contest!

Our theme this year is Superheroes!

Our costumes this year may help fight fictional crime but we also wanted to help fight real hunger during this upcoming holiday season. Hunger affects 1 in 6 in the US population, including more than 1 in 5 children.

For every vote we receive, Shen Wei will make a $25 donation to Feed America where 96% of all donations go directly to programs to end hunger in America. A $45 donation can provide two families of four with three meals a day for 30 days!

If we receive 100 votes, we can all help feed over 100 families during the holidays so don’t wait, go vote today!

Please vote by replying below, or by sending your vote to Frances at: frances@shenweiusa.com

Voting will be closed November 4.

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Rubber Update

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M’sian rubber market likely to see steady trading this week

KUALA LUMPUR: The Malaysian rubber market is likely to see steady trading this week on expectation of firm demand for the commodity, dealers said. (read more)

MREPC Says Public Citizen Petition to Ban Latex Gloves Lacks Evidence and Confers No Clear Benefit to Healthcare Sector

Malaysian Rubber Export Promotion Council (MREPC) expressed their concern to a recent petition calling for a ban on all natural rubber latex medical gloves. There is no clear evidence that any benefit would result from a ban of latex gloves, but the petition filed by a group Public Citizen to the U.S. Food and Drug Administration (FDA) and argued that the gloves pose a danger to patients and medical works.
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Oil price falls to below $99 a barrel

Oil prices fell to below $99 a barrel yesterday in Asia after a report said Saudi Arabiaplanned to boost its crude production.
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Nitrile on the Rise- What’s Next?

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Nitrile Prices Rise

The demand for nitrile latex has been on the rise in the last five years and its prices had risen by 10-20% to US$2000 per tonne earlier this month. read more

Currency Forecasters See Weak Dollar Continue

The most-accurate currency strategists see no recovery for the dollar in coming month … Wells Fargo & Co., the top forecaster for the second straight quarter, and No. 2 St. George Bank Ltd., say America’s currency will be little changed through June as the Fed lags behind central banks boosting rates. read more

FDA Urged to Ban Use of Powdered Gloves

The FDA’s failure to ban latex gloves or the use of cornstarch in their manufacturing process “demonstrates astonishingly reckless and inexcusable disregard for the health and safety of patients and healthcare workers,” says Public Citizen Health Research Group. read more

Global Natural Rubber Projections Fall

Global production of natural rubber (NR) is projected to fall this year on bad climatic conditions. The total supply of the commodity, based on the trends since the beginning of this year, is likely to be 10.02 million tonnes (mt), as against the earlier projection of 10.06 mt. read more

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