Asian Rubber Futures End Higher on Brighter Oil Outlook

Asian rubber futures rose slightly on Friday, buoyed by the recent upswing in crude-oil prices.

Oil prices edged down during the Asian trading session but were still nearly 90% higher than levels last seen in February when prices hit a 13-year low.

“We have seen a upward retracement in rubber prices but the movement is not big because there are not major catalyst to push them higher,” a Singapore-based rubber trader said.

The Tocom rubber futures contract for November ended a tad higher Friday at 162.1 yen a kilogram.

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Asian Rubber Futures
                        May 27               Change from previous close

Tocom    Nov RSS3       Y162.1                Up Y2.7/Kg
Shanghai Sep SCR5       CNY10,485/Ton         Up CNY65/ton
Thai     Sep RSS3       THB51.25/Kg           Down THB0.85
Sicom    Sep RSS3       US 146.5 cents/Kg     Up US 0.5 cents
Sicom    Sep TSR20      US127.6 cents/Kg      Up US 1.3 cents/kg

Asian Physical Rubber

Grade Shipment May 27May 26
RSS3  Jun/Jul  152/151 163-153
STR20 Jun/Jul  129/130 130/130
SIR20 Jun/Jul  128/129 127-128
SMR20 Jun/Jul  128/129 128-129
SVR3L Jun/Jul  168/169 165-166



USS      THB55.73-THB55.85/Kg                  THB53.00-THB54.57/Kg