By Lucy Craymer
Rubber futures across the region ended mixed and prices remained in a tight range as focus turned to the upcoming wintering season.
A Japanese trader said that after some weakness in prices he expected to see a short term rebound, particularly as the market starts to eye the coming of the wintering season and is wary of what this will mean for supply.
Wintering is a period when rubber trees lose their leaves and latex production drops by up to 75%.
The trader added that rubber stocks in Japan had been decreasing and this was likely to provide some support for rubber futures prices in the Tocom rubber futures exchange.
Asian Rubber Futures
Oct 22 Change from previous close
Tocom Mar RSS3 Y166.5/Kg Down Y2.4 Kg
Shanghai Jan SCR5 CNY11,130/ton Down CNY85
Thai May RSS3 THB49.25/Kg Up THB0.45
Sicom Nov RSS3 US 127.6 cents/kg Down US0.1 cents
Sicom Nov TSR20 US 124.9 cents/kg Up US0.9 cents
Asian Physical Rubber
Grade Shipment Oct 22 Oct 21
RSS3 Nov/Dec 128-130 128-130
STR20 Nov/Dec 129-130 129-130
SIR20 Nov/Dec 124-124 124-124
SMR20 Nov/Dec 127-128 127-128
SVR3L Nov 131 131
USS Nov THB40.11 - THB40.35 THB40.33-THB41.50
