Asian rubber future prices finished lower Monday in the absence of clear drivers for the market.
Investors “still remain concerned” about weak demand in China, said a Tokyo-based analyst.
The most active rubber contract on the Shanghai futures exchange for January delivery fell five yuan to finish at CNY10,325($1,615) a metric ton.
The Tokyo Commodity markets were closed due to a national holiday in Japan.
Asian Rubber Futures
November 23 Change from previous close
Tocom Apr RSS3 CLOSED
Shanghai Jan SCR5 CNY10,325/ton Down CNY5
Thai Jun RSS3 THB46.70/Kg Down THB0.50
Sicom Mar RSS3 123.5 US cents/Kg Down 3.0 US cents/Kg
Sicom Dec TSR20 113.9 US cents/Kg Down 2.9 US cents/Kg
Asian Physical Rubber
Grade Shipment Nov 23 Nov 20
RSS3 Dec/Jan 122-123 121-122
STR20 Dec/Jan 115-116 120-121
SIR20 Dec/Jan 114-114 117-118
SMR20 Dec/Jan 114-115 120-121
SVR3L Dec 120-121 117-118
USS Dec THB37.83-THB38.66/Kg THB37.55-THB38.30/Kg
