Rubber futures contracts across Asia ended higher Monday, bolstered by improved global sentiment and a stronger U.S. currency, which supports the dollar-traded commodity, according to analysts.
Asia markets had a strong start to the trading day after the U.S. Bureau of Labor Statistics reported Friday an increase in nonfarm payroll employment of 211,000 in November, beating estimates of a gain of 200,000; the unemployment rate was unchanged at 5.0%.
The data cemented the view that there would be a rate increase in the U.S.
The Tocom rubber futures market ended up a further 0.2 yen a kilogram at Y173.8($1.41) a kilogram in the night session, which is considered part of the next day of trading.
Asian Rubber Futures
Dec. 07 Change from previous close
Tocom May RSS3 Y173.8/Kg Up Y3.5
Shanghai May SCR5 CNY10,325/ton Up CNY110
Thai Jul RSS3 THB49.50/Kg Untraded
Sicom Mar RSS3 133.5 US cents/Kg Up 2.5 US cents/Kg
Sicom Mar TSR20 118.1 US cents/Kg Up 1.5 US cents/Kg
Asian Physical Rubber
Grade Shipment Dec. 07 Dec. 04
RSS3 Jan/Feb 130-131 129-130
STR20 Jan/Feb 122-123 121-122
SIR20 Jan/Feb 119-120 118-119
SMR20 Jan/Feb 122-123 119-120
SVR3L Jan 120-121 120-121
USS Jan THB38.75-THB38.89/Kg THB38.75-THB38.89/Kg
