Rubber futures continue to trade mixed as volumes remained light and there were no clear drivers to give the market direction.
The Tokyo rubber markets will continue to “remain weak as investors are reluctant to take fresh positions,” over persistent worries of softening demand in China, said Megumi Saito, an analyst at commodity broker Yutaka Shoji. However, “the market still lacks a sense of direction,” she added.
The Tocom rubber futures contract ended up Y1.2 a kilogram in the night session, which is considered part of the next trading day.
Nov 19 Change from previous close Tocom Apr RSS3 Y157.6/Kg Up Y0.1 Shanghai Jan SCR5 CNY 10,340/Ton Down CNY125/ton Thai Jun RSS3 THB46.50/Kg Unchanged Sicom Feb RSS3 US 125.0 Cents/Kg Up US 1.3 Cents/Kg Sicom Feb TSR 20 US 115.9 Cents/Kg Fown US 0.2 Cents/Kg Asian Physical Rubber Grade Shipment Nov 19 Nov 18 RSS3 Dec/Jan 122/123 121/122 STR20 Dec/Jan 120/121 121/122 SMR20 Dec/Jan 117/118 117/118 SIR20 Dec/Jan 117/118 117/118 SVR3L Dec 120/121 122/123 USS Nov THB37.44-THB38.22/Kg THB37.78-THB38.19/Kg
