Asian rubber futures ended mixed Monday as a stronger U.S. dollar supported the yen-denominated rubber futures contract, while the Shanghai rubber contract continued to come under pressure.
The yen was moderately weaker against its rival currencies during Asian trade after sharp gains Friday following the Bank of Japan’s surprisingly moderate easing and the U.S.’s soft economic growth data. The market also continued its focus on the timing of a possible interest-rate increase by the Federal Reserve this year.
“Overall, domestic commodity market near month is strong,” Galaxy Futures added.
Asian Rubber Futures
Aug 1 Change from previous close
Tocom Jan RSS3 Y155.9/Kg Up Y2.4/Kg
Shanghai Jan SCR5 CNY12,440 /Ton Down CNY10/Ton
Thai Sep RSS3 THB58.20/Kg Up THB2.45
Sicom Dec RSS3 US 148.1 cents/Kg Up US1.6 cents/Kg
Sicom Dec TSR20 US 128.3 cents/Kg Up US1.6 cents/Kg
Asian Physical Rubber
Grade Shipment Aug 1
RSS3 Sep/Oct 170-159
STR20 Sep/Oct 130-128
SIR20 Sep/Oct 129-128
SMR20 Sep/Oct 129-128
SVR3L Sep/Oct 144-145
USS Aug THB59.49-THB60.13/Kg THB60.18-THB60.42/Kg
Write to Lucy Craymer at [email protected]
