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Benchmark Tokyo rubber futures ended down Wednesday in thin trading, hurt by a stronger yen.
An appreciating yen makes assets denominated in the Japanese currency less affordable when purchased in other currencies. In addition, weakness in crude-oil prices weighs on rubber prices.
The Singapore ribbed smoked sheets, however, benefited from the currency moves as they are priced in U.S. dollars. The benchmark September contract ended the session higher.
Asian Rubber Futures
Aug 10 Change from previous close
Tocom Jan RSS3 Y152.6/Kg Down Y0.8/Kg
Shanghai Jan SCR5 CNY12,630/Ton Down CNY90/Ton
Thai Sep RSS3 THB60.50/Kg Up THB1.40/Kg
Sicom Sep RSS3 US 168 cents/Kg Up US 5.5 cents/Kg
Sicom Sep TSR20 US 130.50 cents/Kg Down US 0.5 cents/Kg
Asian Physical Rubber
Grade Shipment Aug 10Aug 08
RSS3 Sep/Oct 161-153 161-154
STR20 Sep/Oct 132-132 131-132
SIR20 Sep/Oct 129-121 130-131
SMR20 Sep/Oct 130-130 130-131
SVR3L Sep/Oct 140-141 140-141
USS Aug THB52.90-THB54.96/Kg THB53.16-THB55.70/Kg
Read more: http://www.nasdaq.com/article/asian-rubber-futures-end-mixed-as-currency-moves-dominate-20160810-00219#ixzz4GzrctIQT
