Rubber futures ended mixed in Asian trading Tuesday as markets continued to look for drivers.
Benchmark Tokyo rubber future prices edged lower, guided by a fall in Shanghai rubber futures, said a Tokyo-based analyst.
“Investors continue to remain worried over the health of China,” the world’s second-largest economy, resulting in slow demand for rubber from Chinese automobile companies, he said.
The Tocom benchmark April contract finished 1.3 yen higher at Y154.7 ($1.26) a kilogram in the night session, which is considered part of the next day’s trading. The May contract opened Tuesday at Y156.4 per kilogram.
Asian Rubber Futures
Nov 24 Change from previous close
Tocom Apr RSS3 Y154.7/kg Down Y5
Shanghai Jan SCR5 CNY10,225/ton Down CNY100
Thai Jun RSS3 THB46.80/Kg Up THB0.10
Sicom Mar RSS3 126.5 US cents/Kg Up 3.0 US cents/Kg
Sicom Mar TSR20 112.9 US cents/Kg Up 0.5 US cents/Kg
Asian Physical Rubber
Grade Shipment Nov 24 Nov 23
RSS3 Dec/Jan 120-121 122-123
STR20 Dec/Jan 114-115 115-116
SIR20 Dec/Jan 114-114 114-114
SMR20 Dec/Jan 113-113 114-115
SVR3L Dec 120-121 120-121
USS Dec THB36.67-THB37.25/Kg THB37.83-THB38.66/Kg
