Asian rubber futures remained under pressure Wednesday, hurt by tumbling Chinese exports along with a stronger yen.
The weak Chinese economic data led to a fall in Shanghai rubber futures, pulling the Tocom down, says Kaname Gokon, an analyst at Okato Shoji brokerage in Tokyo.
The August rubber contract finished 4.7 yen lower at Y172.7($1.54) a kilogram Wednesday.
The most active rubber contract on the Shanghai futures exchange for May delivery fell 310 yuan to finish at CNY11,350($1,742) a metric ton.
Asian Rubber Futures
Mar 09 Change from previous close
Tocom Aug RSS3 Y172.7/Kg Down Y4.7/Kg
Shanghai May SCR5 CNY11,350/Ton Down CNY310/Ton
Thai Sep RSS3 THB51.25/Kg Up THB2.05/Kg
Sicom Apr RSS3 US 140.4 cents/Kg Down US 5.2 cents/Kg
Sicom Jul TSR20 US 128.6 cents/Kg Down US 4.0 cents/Kg
Asian Physical Rubber
Grade Shipment Mar 09 Mar 08
RSS3 Apr/May 141-142 146-147
STR20 Apr/May 129-130 132-133
SIR20 Apr/May 128-129 132-133
SMR20 Apr/May 127-128 131-132
SVR3L Apr/May 132-133 132-133
USS Apr THB44.74-THB45.45/Kg THB45.45-THB46.65/Kg
