“Rubber futures prices are relatively stable right now. On one hand, there is pressure from high inventories. On the other hand, prices are already at a low point historically,” said Peng Cheng, a senior analyst with Everbright Futures.
The Tokyo Commodity Exchange rubber contract for October delivery finished 0.4 yen higher at 188.5 yen per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 10 yuan to finish at 11,455 yuan per tonne.