Asian rubber futures ended higher Tuesday, driven by an improvement in Shanghai rubber futures.
“The ascent in the Shanghai market has lifted investor confidence,” said Kaname Gokon, an analyst with brokerage Okato Shoji in Tokyo. The upward movement in the Tocom is expected to continue this week, he said.
The Tocom May natural rubber contract ended 2.0 yen higher at Y164.0($1.33) a kilogram.
The most active rubber contract on the Shanghai futures exchange for May delivery rose 215 yuan to finish at CNY10,115($1,581) a metric ton.
Asian Rubber Futures
December 01 Change from previous close
Tocom May RSS3 Y164.0/Kg Up Y2.0
Shanghai May SCR5 CNY10,115/ton Up CNY215
Thai Jul RSS3 THB48.15/Kg Up THB0.34
Sicom Jan RSS3 125.5 US cents/Kg Up 1.5 US cents/Kg
Sicom Mar TSR20 116.0 US cents/Kg Up 1.0 US cents/Kg
Asian Physical Rubber
Grade Shipment Dec 01 Nov 30
RSS3 Jan/Feb 124-125 123-124
STR20 Jan/Feb 119-120 118-119
SIR20 Jan/Feb 117-118 115-116
SMR20 Jan/Feb 118-119 116-117
SVR3L Jan 119-120 119-120
USS Jan THB37.90-THB38.43/Kg THB37.59-THB38.29/Kg
