Rubber futures prices were mixed Wednesday as Shanghai futures lost ground at the end of the day, likely on profit- taking.
Tokyo rubber future prices, which closed earlier in the day, rallied from the previous day’s loss, as firmer Shanghai rubber futures helped investors to cover their short positions, said Kaname Gokon, an analyst at Okato Shoji brokerage in Tokyo.
“Prices went up after Shanghai stock market climbed and as Shanghai rubber futures rose,” he said.
The strong market trend is “expected to continue this week,” said Mr. Gokon.
Asian Rubber Futures
Dec. 9 Change from previous close
Tocom May RSS3 Y170.8/kg Up Y1.8/kg
Shanghai May SCR5 CNY10,240/ton Down CNY10/ton
Thai Jul RSS3 THB49.50/Kg Unchanged
Sicom Apr RSS3 US 136.1 cents/kg Down US 0.4 cents/kg
Sicom Apr TSR20 US 117.0 cents/kg Up US 2 cents/kg
Asian Physical Rubber
Grade Shipment Dec. 9 Dec. 8
RSS3 Jan/Feb 129-130 129-130
STR20 Jan/Feb 122-123 122-123
SIR20 Jan/Feb 118-119 118-119
SMR20 Jan/Feb 120-121 121-122
SVR3L Jan/Feb 120-121 120-121
USS Jan THB39.12-THB39.59/Kg THB38.85-THB39.39/Kg
