Rubber prices across Asia ended Monday’s session mixed with Tokyo futures ending slightly higher while losses persisted in Shanghai rubber prices.
Tokyo rubber futures recovered from early weakness to finish higher. Amid a weaker yen, the Tokyo Commodity Exchange rubber contract for September delivery rose 0.6% to Y217.2/kilogram.
“It’s a slow start to the week,” said a Singapore-based trader who expects trading to remain weak.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 175 yuan to settle at 14,660 yuan ($2,129) per ton.
Asian Rubber Futures
April 24 Change from previous close
Tocom Sep RSS3 Y217.2/Kg Up Y1.2
Shanghai Sep SCR5 CNY14,660/ton Down CNY175
Sicom Aug RSS3 214.0 US cents/Kg Up 5.0 US cents
Sicom Jun TSR20 162.3 US cents/Kg Up 4.0 US cents
USS May THB68.82-THB69.52/Kg THB68.62-THB68.72/Kg
(END) Dow Jones Newswires
April 24, 2017 06:39 ET (10:39 GMT)
