Asian Rubber Futures End Lower as Crude Oil Weighs

Rubber futures prices inched lower Thursday as continuing weakness in crude-oil prices weighed on sentiment.

A drop in crude prices has further “intensified uncertainty,” said Kaname Gokon, an analyst at Okato Shoji brokerage.

Overall, investor sentiment “will not be robust as they continue to withdraw from markets,” he said.

Oil prices rose modestly Thursday after U.S. data showed crude stockpiles fell by more than expected last week but the global crude glut continued to weigh on the market and prices remained subdued.

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Asian Rubber Futures
                        Dec 10               Change from previous close

Tocom    May RSS3       Y168.5               Down Y4.1/kg
Shanghai May SCR5       CNY10,240/kg         Down CNY10/kg
Thai     Jul RSS3       THB49.50/kg          Unchanged
Sicom    Mar RSS3       US 132.0 cents/kg    Down US 1.2 cents/kg
Sicom    Mar TSR20      US 116.4 cents/kg    Down US 0.7 cents/kg

Asian Physical Rubber

Grade Shipment  Dec. 10   Dec. 9

RSS3  Jan/Feb   127-128   129-130
STR20 Jan/Feb   121-122   122-123
SIR20 Jan/Feb   117-118   118-119
SMR20 Jan/Feb   120-121   120-121
SVR3L Jan/Feb   121-121   120-121

USS      Jan   THB39.12-THB39.59/Kg         THB39.12-THB39.59/Kg