Rubber futures continue their upward trend in a third successive session Thursday, lifted by gains in stock markets and a selloff in the yen.
Japan’s Nikkei Stock Average ended the day up 1.3%, Australia’s S&P/ASX 200 closed 1.2% higher and Korea’s Kospi rose 0.6%. Hong Kong’s Hang Seng Index, however, closed 0.3% lower. The U.S. dollar was 0.3% higher against the Japanese yen on the day.
He said the Tokyo rubber markets might soon touch January’s high of 166.3 yen($1.46), thanks to stronger equities and an oil markets recovery.
Asian Rubber Futures
Mar 03 Change from previous close
Tocom Aug RSS3 Y164.7/Kg Up Y3.0/Kg
Shanghai May SCR5 CNY10,670/Ton Up CNY160/Ton
Thai Sep RSS3 THB46.05/Kg Down THB2.05/Kg
Sicom May RSS3 US 139.0 cents/Kg Up US 4.8 cents/Kg
Sicom May TSR20 US 123.7 cents/Kg Up US 4.5 cents/Kg
Asian Physical Rubber
Grade Shipment Mar 03 Mar 02
RSS3 Apr/May 136-137 133-135
STR20 Apr/May 122-123 118-119
SIR20 Apr/May 122-123 118-119
SMR20 Apr/May 121-122 116-117
SVR3L Apr/May 132-133 125-126
USS Mar THB41.39-THB41.77/Kg THB41.39-THB41.77/Kg
