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.
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
