By Lucy Craymer
Rubber prices ended lower Tuesday, hit by sharp falls in oil prices and equity markets across Asia, according to analysts.
Crude-oil prices slid back below $30 a barrel in early Asia trade. Saudi Arabia reiterated it wouldn’t cut investments despite current low prices, stoking fears the market would continue to remain saturated, traders said. In addition, shares in China dropped to their lowest level since late 2014 as concerns persisted about accelerating capital outflows and the risk of further currency depreciation.
The Tocom Commodity Exchange July contract started trading Tuesday and closed its first day at Y158.3 a kilogram.
Asian Rubber Futures
Jan. 26 Change from previous close
Tocom Jun RSS3 Y157.3/Kg Down Y5.9/Kg
Shanghai May SCR5 CNY10,230/ton Down CNY120/ton
Thai Aug RSS3 THB47.80/Kg Down THB0.20/Kg
Sicom May RSS3 US 130.2 cents/Kg Down US 1.3 cents/Kg
Sicom May TSR20 US 107.1 cents/Kg Down US 3.4 cents/Kg
Asian Physical Rubber
Grade Shipment Jan. 26 Jan. 25
RSS3 Feb/Mar 124-124 128-129
STR20 Feb/Mar 110-111 112-113
SIR20 Feb/Mar 108-109 111-112
SMR20 Feb/Mar 108-109 111-112
SVR3L Feb/Mar 125-126 125-126
USS Jan THB38.77-THB39.33/Kg THB40.42-THB40.65/Kg
