Rubber prices ended higher on short covering and bullishness in the Shanghai futures markets, says a Singapore-based trader, who expects rubber prices to remain on a slight uptrend.
“Buyers are still looking for new cues, especially on Chinese demand, which hasn’t been strong,” said the trader.
The Tocom benchmark July contract finished up 0.6 yen at 153.20.
Asian Rubber Futures
Feb 18 Change from previous close
Tocom July RSS3 Y153.2/Kg Up Y0.6/Kg
Shanghai May SCR5 CNY10,510/Ton Up CNY 51/Ton
Thai Sep RSS3 THB43.85/Kg Down THB2.05/Kg
Sicom May RSS3 US128.5 cents/Kg Up 1 cent/Kg
Sicom May TSR20 US109.7 cents/Kg Up 0.5 cent/Kg
Asian Physical Rubber
Grade Shipment Feb 19 Feb 18
RSS3 Mar/Apr 126-127 125-126
STR20 Mar/Apr 110-111 109-110
SIR20 Mar/Apr 109-110 108-109
SMR20 Mar/Apr 108-109 107-108
SVR3L Mar/Apr 125-126 125-126
USS Feb THB38.97-THB39.17/Kg
