Asian Rubber Futures End a Tad Higher


Asian ended the session slightly higher due to the broadly softer U.S. dollar and an improvement in sentiment after ’s central bank announcement.

The cross-asset rally came after China’s central bank announced over the weekend that it would expand a pilot program to boost banks’ lending abilities.

Rubber futures’ move mirrored improvements elsewhere: the Shanghai Composite Index closed up 3.3% while Chinese firms in Hong Kong led the Hang Seng Index up 1.2%. Brent traded up 0.8% at $53.09 in Asia trade after hitting its highest level since last week.

The Tocom rubber futures were closed during the day session, however. The Tocom benchmark March futures contract ended up 1.1 yen higher at 175.1 yen a kilogram in the night session, which is considered part of the following day’s trading.

                        Oct. 12                  Change from previous close

Tocom    Mar        CLOSED
Shanghai Jan SCR5       CNY11,790/Ton           Up CNY180
Thai     May        THB51.80/Kg             Up THB0.15
Sicom    Mar        143 US cents/Kg         Unchanged
Sicom    Mar TSR20      129.9 US cents/Kg       Up 1.7 US cents


Grade    Shipment      Oct. 10       Oct. 9

     Nov/Dec       135/136       134/135
STR20    Nov/Dec       134/135       132/132
SMR20    Nov/Dec       133/134       132/132
SIR20    Nov/Dec       128/128.5     127/127.5
SVR3L    Nov           133            132

USS                 THB42.62/Kg              THB41.91/Kg


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