Rubber future contracts ended the session largely higher with demand remaining solid in the Shanghai rubber market even as China shares fell.
Stocks in China plunged Thursday amid heightened worries about market liquidity. However, this didn’t result in a sharp selloff across the region, which has occurred previously when Chinese markets have plummeted.
However, he added sentiment might come off as European markets open and this could hurt pricing Friday.
Asian Rubber Futures
Feb 25 Change from previous close
Tocom Mon RSS3 Y156/Kg Up Y1.8/Kg
Shanghai May SCR5 CNY10,665/Ton Up CNY55/Ton
Thai Sep RSS3 THB44.20/Kg Down THB2.05
Sicom Jun RSS3 US 132.O cents/Kg Up US 1.2 cents/Kg
Sicom Jun TSR20 US 114.0 cents/Kg Up US 0.7 cents/Kg
Asian Physical Rubber
Grade Shipment Feb 25 Feb 24
RSS3 Mar/Apr 128-129 128-129
STR20 Mar/Apr 113-114 112-111
SIR20 Mar/Apr 112-113 111-112
SMR20 Mar/Apr 111-112 110-111
SVR3L Mar/Apr 125-126 125-126
USS Feb THB40.29-THB41.25/Kg THB39.59-THB39.77/Kg
