Asian Rubber Futures End Mostly Weaker

Asian rubber futures end mostly lower Wednesday on investors’ concernes about sluggish demand in top buyer China.

Tokyo rubber futures contract prices underperformed as the Japanese yen strengthened against the U.S. dollar, putting pressure on the yen-denominated commodity.

The Shanghai rubber futures contract remained under pressure, mirroring downward moves in other commodities on the Chinese market.

Still, the most-active rubber contract on the Shanghai futures exchange for September delivery rose slightly by 50 yuan to finish at 11,895 yuan($1,828) a metric ton.

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Asian Rubber Futures
                        May 11               Change from previous close

Tocom    Oct RSS3       Y181.1/Kg               Down Y0.5
Shanghai Sep SCR5       CNY11,895/ton           Up CNY50
Thai     Sep RSS3       THB60.15/Kg             Unchanged
Sicom    Oct RSS3       167.0 US cents/Kg       Down 2.0 US cents/Kg
Sicom    Oct TSR20      143.9 US cents/Kg       Down 0.1 US cents/Kg

Asian Physical Rubber

Grade Shipment May 11May 10

RSS3  Jun/Jul 182-173 183-175
STR20 Jun/Jul 147-148 147-148
SIR20 Jun/Jul 146-147 146-147
SMR20 Jun/Jul 145-146 145-146
SVR3L Jun/Jul 170-171 170-171

USS      Jun             Unchanged                 THB60.06-THB60.59/Kg