By Vibhuti Agarwal
Asian rubber prices ended lower Tuesday, dragged down by weak demand from China, the biggest consumer of rubber.
“The uncertainty in the Asian economy continues to hurt investor sentiment,” says Kaname Gokon, an analyst with Okato Shoji brokerage. Trading will “not be too robust this week as investors keep to sidelines,” he adds.
Benchmark Tocom rubber contract for June delivery closed 3.0 yen lower at 157.0 yen per kilogram Tuesday.
The most active rubber contract on the Shanghai futures exchange for May delivery fell 35 yuan to finish at 10,435 yuan($1,608) a metric ton.
Asian Rubber Futures
Dec 29 Change from previous close
Tocom Jun RSS3 Y157.0/Kg Down 3.0
Shanghai May SCR5 CNY10,435/ton Down CNY35/Ton
Thai Aug RSS3 THB47.05/Kg UNCHANGED
Sicom Jan RSS3 US 117.1/Kg Down US 2.5 cents/Kg
Sicom May TSR20 US 113.0/Kg Down US 0.9 cents/Kg
Asian Physical Rubber
Grade Shipment Dec 29 Dec 28
RSS3 Jan/Feb 117-118 120-121
STR20 Jan/Feb 116-117 117-118
SIR20 Jan/Feb 114-115 115-116
SMR20 Jan/Feb 115-115 116-117
SVR3L Jan/Feb 118-119 118-119
USS Jan THB36.11-THB36.63/Kg THB37.20-THB37.59/Kg
