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.
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