Benchmark Tokyo rubber future prices ended lower Tuesday, weighed down by a firmer yen, while the rubber market in Shanghai closed the session slightly higher.
The yen on Tuesday tiptoed close to 100 to the U.S. dollar for the first time since shortly after the U.K.’s vote to leave the European Union, with interest-rate moves in the U.S. and Japan on the minds of investors. The stronger yen makes the yen-denominated commodity more expensive.
In China, rubber futures contracts moved higher, supported by a broad improvement in the country’s agricultural commodities.
Asian Rubber Futures
Aug 16 Change from previous close
Tocom Jan RSS3 Y157.1/Kg Down Y1.8/Kg
Shanghai Jan SCR5 CNY13,110/Ton Up CNY55/Ton
Sicom Sep RSS3 US 169.1 cents/Kg Down US 0.7 cents/Kg
Sicom Sep TSR20 US 132.3 cents/Kg Down US 1.0 cents/Kg
Asian Physical Rubber
Grade Shipment Aug 16Aug 15
RSS3 Sep/Oct 170-161 169-170
STR20 Sep/Oct 133-133 135-136
SIR20 Sep/Oct 132-132 132-133
SMR20 Sep/Oct 132-132 134-135
SVR3L Sep/Oct 140-141 141-142
USS Aug THB53.53-THB54.55/Kg THB54.47-THB55.39/Kg
