Rubber prices across Asia continued to slide as they became another casualty of concerns about the situation in China.
Tocom benchmark six-month rubber futures touched a low of Y146.2 a kilogram in early trading, the lowest level since March 2009, as U.S. crude oil fell to its lowest level since June 2004 and the Chinese stock market halted trading for the day after the CSI-300 Index, a blue-stock chip index, plunged 7%.
Traders say sluggish demand from China will continue to dampen investor confidence.
Asian Rubber Futures
Jan 7 Change from previous close
Tocom May RSS3 Y148.2/kg Down Y2.4/kg
Shanghai May SCR5 CNY10,065/ton Down CNY65/ton
Thai Aug RSS3 THB45.10/Kg Untraded
Sicom May RSS3 US 111.7 cents/kg Down US 5.5 cents/kg
Sicom May TSR20 US 108.3 cents/kg Down US 1.4 cents/kg
Asian Physical Rubber
Grade Shipment Jan 7 Jan 6
RSS3 Feb/Mar 112-113 114-115
STR20 Feb/Mar 109-109 110-111
SIR20 Feb/Mar 107-108 109-110
SMR20 Feb/Mar 107-108 109-110
SVR3L Feb/Mar 118-119 118-119
USS THB33.30-THB34.05/Kg THB34.00-THB34.25/Kg
