Rubber prices Tuesday fell across Asia guided by a decline in Shanghai rubber futures that came under pressure early after the latest soft reading for China’s economy.
Sluggish exports data from the world’s second-largest economy continues to worry investors, said a Tokyo-based analyst, who added that a drop in crude-oil prices had further intensified uncertainty.
In November, China’s exports fell 3.7% year-over-year in yuan terms and imports declined 5.6%.
While oil prices stabilized somewhat during Asia market hours, both West Texas Intermediate and Brent crude had earlier hit their lowest levels since 2009 after the Organization of the Petroleum Exporting Countries last week opted not to cut supply.
Asian Rubber Futures
Dec. 8 Change from previous close
Tocom May RSS3 Y170.8/kg Down Y2.8/kg
Shanghai May SCR5 CNY10,250/ton Down CNY75/ton
Thai Jul RSS3 THB49.50/kg Untraded
Sicom Mar RSS3 US 132.5 cents/kg Down US 2.0 cents/kg
Sicom Mar TSR20 US 117.2 cents/kg Down US 0.7 cents/kg
Asian Physical Rubber
Grade Shipment Dec. 08 Dec. 07
RSS3 Jan/Feb 129-130 130-131
STR20 Jan/Feb 122-123 122-123
SIR20 Jan/Feb 118-119 119-120
SMR20 Jan/Feb 121-122 122-123
SVR3L Jan 120-121 120-121
USS Jan THB38.85-THB39.39/Kg THB38.75-THB38.89/Kg
