Shanghai rubber futures bucked the negative trend in the market, closing higher Thursday as it played catch-up with markets around the region after being closed for several days for holiday observance.
Broadly, however, markets continued to be rangebound as they awaited news that could stimulate rubber demand, said a Singapore-based trader. Alternatively, news that the haze in Indonesia or the dry conditions caused by El Nino are starting to hit production could provide support for products and move markets outside the range.
The Tocom March futures in the night session closed down 1.4 yen at Y170.4($1.42) a kilogram. The night session is considered part of the next day of trading.
Oct. 8 Change from previous close Tocom Mar RSS3 Y171.7 Kg Down Y0.2 Shanghai Jan SCR5 CNY11,510/Ton Up CNY210 Thai May RSS3 THB50.30/Kg Down THB0.70 Sicom Mar RSS3 140 US cents/Kg Up 1.0 US cents Sicom Mar TSR20 126 US cents/Kg Up 0.5 US cents Asian Physical Rubber Grade Shipment Oct. 8 Oct. 7 RSS3 Nov/Dec 132/133 133/134 STR20 Nov/Dec 131/132 131/132 SMR20 Nov/Dec 130/131 130/131 SIR20 Nov/Dec 124/125 125/126 SVR3L Nov 132 132 USS Oct THB42.12-THB42.40/Kg THB42.29-THB42.45/Kg
