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Asian Rubber Futures End Higher (06-10-2015)

 

Tokyo rubber futures ended higher, boosted by robust Japanese stocks but markets will continue to remain under pressure over weak demand from top buyer China  

By Lucy Craymer

Rubber futures closed higher Monday as volumes remained light with China out on holiday this week and producers remained hesitant to enter the market with prices so low.

Tokyo rubber futures ended higher, boosted by robust Japanese stocks but markets will continue to remain under pressure over weak demand from top buyer China

Japan`s Nikkei 225 Stock Average closed up 1.6%, after the Nikkei Japan Services purchasing managers index for September cooled to 51.4 from 53.7 in August, which was the highest in almost two years. A reading above the 50 level indicates expansion, and below that indicates contraction.

However, trading is expected to be thin in the coming days as “traders and investors are shying away from taking fresh positions” due to national holidays in the Chinese financial markets, says a Tokyo-based analyst.

Asian Rubber Futures

 

                        Oct. 5                  Change from previous close

 

Tocom    Mar RSS3       T171 Kg                        Up Y1.0

Shanghai Jan SCR5                   CLOSED                        CLOSED

Thai      May RSS3       THB51.20/Kg                Up THB0.25

Sicom    Mar RSS3         139.5 US cents/Kg       Up 1.5 US cents

Sicom    Mar TSR20       124.5 US cents/Kg       Up 1.1 US cents/Kg

 

 

Asian Physical Rubber

 

Grade    Shipment         Oct. 5               Oct. 2

RSS3     Nov/Dec           133/134           133/133.4

STR20   Nov/Dec           123/132           129/130

SMR20  Nov/Dec           130/131           130/131

SIR20    Nov/Dec          125/125           124/125

SVR3L  Nov                   132                  130/131

 

 

USS      Oct           THB41.99-THB42.22/Kg     THB41.79-THB41.98/Kg

 

http://globalrubbermarkets.com/37415/asian-rubber-futures-end-higher.html

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