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Asian Rubber Settles Lower Before U.S. Ruling on China Tire Imports (16-06-2015)

 

Asian Rubber Settles Lower Before U.S. Ruling on China Tire Imports  

Asian rubber settled lower Friday due to losses in oil prices as well as a sharp decline in Shanghai rubber ahead of a key U.S. ruling involving tire imports from China.

Benchmark November natural rubber on the Tokyo Commodity Exchange settled 2.1% lower at Y232.6 ($1.88) a kilogram with investors also seeking to lock in recent gains.

Benchmark natural-rubber futures on the Shanghai Futures Exchange settled 2.8% lower on market jitters ahead of a final U.S. ruling, due Friday, on the implementation of import duties for passenger-vehicle tires made in China, said a Singapore-based trader.

November Tocom rubber closed Y1.6 lower at Y231.0/kg in the night session, which is considered part of the next trading day.

 

Asian Rubber Futures

                        June 12              Change from previous close

 

Tocom    Nov RSS3       Y232.6/Kg            Down Y5.1

Shanghai Sep SCR5       CNY14,120/Ton        Down CNY410

Thai     Jan RSS3       THB62.70/kg          Down THB1.50

Sicom    Jul RSS3       184.9 U.S. Cents/Kg  Down 4.1 Cents

Sicom    Jul TSR20      159.3 U.S. Cents/Kg  Down 2.8 Cents

 

Asian Physical Rubber

 

USS      June         THB58.19-THB58.42/Kg    THB58.58-THB59.40/Kg

http://globalrubbermarkets.com/32697/asian-rubber-settles-lower-before-u-s-ruling-on-china-tire-imports.html

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