Asian rubber markets were mostly down, with lower crude-oil prices weighing on the Tokyo, Shanghai and Thai rubber markets.
Oil prices fell Monday, reversing some of the gains made late last week amid concerns the latest rally in the oil and commodities markets would be difficult to sustain. Oversupply concerns also remain persistent as seasonal summer demand for oil fades. This weakness flowed through to a number of other commodity markets including the rubber market
“Trading remained thin as overall investor sentiment in the rubber market is weak due to soft auto demand in China,” a Tokyo-based analyst said.
February Tocom rubber closed down 1.0 yen($0.008) at Y173.6 a kilogram in the night session, which is considered part of the next trading day.
Asian Rubber Futures
August 31 Change from previous close
Tocom Feb RSS3 Y174.9/Kg Down Y3.7
Shanghai Jan SCR5 CNY1,515/ton Down CNY95
Thai Apr RSS3 THB50.70/Kg Down THB1.10
Sicom Sep RSS3 129.6 US cents/Kg Up 0.3 US cents/Kg
Sicom Mon TSR20 131.6 US cents/Kg Up 2.5 US cents/Kg
Asian Physical Rubber
Grade Shipment Aug 31 Aug 28
RSS3 Sept/Oct 132/133 135/135
STR20 Sept/Oct 132/133 136/136
SIR20 Sept/Oct 125/126 130/130
SMR20 Sept/Oct 131/132 135/135
SVR3L Sept 136 137
USS Sept THB THB44.64-THB45.82/Kg THB45.12-THB45.53/Kg
