Rubber futures markets ended higher in Asia Friday after sharp price falls last week saw investors short covering.
However, rubber prices were meeting resistance and so significant moves higher seem unlikely, a Singapore-based trader said.
Concerns remain in the market about the amount of stock available and where demand is going to come from if China growth remains weak.
Asian Rubber Futures
Nov 13 Change from previous close
Tocom Apr RSS3 Y160.0/Kg Up Y0.6/Kg
Shanghai Jan SCR5 CNY10,830/Ton Up CNY90/Ton
Thai Jun RSS3 THB48.45/Kg up THB0.45/Kg
Sicom Feb RSS3 US 126.0 Cents/Kg Up US 1.2 Cents/Kg
Sicom Feb TSR20 US 118.7 Cents/Kg Up US 0.6 Cents/Kg
Grade Shipment Nov 13 Nov 12
RSS3 Dec/Jan 124/125 123/124
STR20 Dec/Jan 123/124 123/124
SIR20 Dec/Jan 121/122 122/123
SMR20 Dec/Jan 119/120 118/119
SVR3L Dec 123 123
USS Nov THB38.29-THB38.50/Kg THB37.93-THB38.35/Kg
