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Asian Rubber Futures End Lower on Weaker Shanghai Futures (30-09-2015)


Asian rubber futures dropped Tuesday, tracking losses in Shanghai futures ahead of national holidays in China.   

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09/29/15 08:07 AM EDT

By Vibhuti Agarwal

Asian rubber futures dropped Tuesday, tracking losses in Shanghai futures ahead of national holidays in China.

The Tokyo Commodity Exchange rubber contract for March delivery lost Y6.1 to settle at Y170.6 ($1.42) per kilogram.

The Tocom prices were "pulled down by a slide in Shanghai futures," says Megumi Saito, analyst at Tokyo-based commodity broker Yutaka Shoji.

The most-active rubber contract on the Shanghai futures exchange for January delivery fell 290 yuan to finish at CNY11,335 ($1,782) a kilogram.

Investors in China are "clearing their positions" ahead of a weeklong holiday that will begin on Oct. 1, Ms. Saito says. Overall, the markets will "remain under pressure given an overall bearish sentiment" due to weaker demand in top buyer China, she adds.


Asian Rubber Futures

                         September 29                           Change from previous close


Tocom               Mar RSS3          Y170.6/Kg                    Down Y6.1

Shanghai          Jan SCR5          CNY11,335/Kg               Down CNY290

Thai                  Apr RSS3          THB50.10/Kg                             Up THB0.15

Sicom               Feb RSS3          136.5 US cents/Kg         Down 2 US cents/Kg

Sicom               Nov TSR20       121.8 US cents/Kg          Down 1.8 US cents/Kg


Asian Physical Rubber


Grade  Shipment           Sept 29             Sept 28


RSS3   Nov/Dec           133-134           135-136

STR20  Nov/Dec            131-132           132-133

SIR20  Nov/Dec           125-125.5        125-126

SMR20  Nov/Dec           130-131           130-131

SVR3L  Nov                   127                  135



USS    Nov       THB41.47-THB41.83/Kg              THB41.62-THB42.39/Kg

By Vibhuti Agarwal at vibhuti.agarwal@wsj.com


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(source in Eximbank)
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