Rubber futures prices ended mixed Friday, with profit-taking and broad weakness in a number of commodities capping moves higher in rubber futures.
Brent crude was recently down 0.2% at $45.38 a barrel.
On Thursday, U.S. oil prices fell 0.4% on amid signs of robust U.S. production, despite data showing a lower-than- expected increase in U.S. oil inventories and a decline in the number of working oil rigs in the country.
Crude oil is used to make synthetic rubber, a competitor to natural rubber.
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Tocom May rubber futures traded down a further Y0.5 at Y162.3($1.32) a kilogram in the night session, which is considered part of the next day’s trading.
Asian Rubber Futures
Nov 27 Change from previous close
Tocom May RSS3 Y162.8/kg Down Y1.9/Kg
Shanghai May SCR5 CNY10,110/ton Up CNY40/ton
Thai Jun RSS3 THB48.00/Kg Down THB0.5/Kg
Sicom Mar RSS3 127.7 US cents/Kg Down 0.7 US cents/Kg
Sicom Mar TSR20 115.4 US cents/Kg Up 0.1 US cents/Kg
Asian Physical Rubber
Grade Shipment Nov 27Nov 26
RSS3 Dec/Jan 126-126 124-128
STR20 Dec/Jan 118-119 119-120
SIR20 Dec/Jan 115-116 116-117
SMR20 Dec/Jan 117-118 118-119
SVR3L Dec 120-121 120-121
USS Dec THB38.08-THB38.40/Kg THB37.01-THB37.44/Kg
