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Wednesday, May 18, 2022

Asian Rubber Futures Ended Higher

Rubber prices ended higher on short covering and bullishness in the Shanghai futures markets, says a Singapore-based trader, who expects rubber prices to remain on a slight uptrend.

“Buyers are still looking for new cues, especially on Chinese demand, which hasn’t been strong,” said the trader.

The Tocom benchmark July contract finished up 0.6 yen at 153.20.

Asian Rubber Futures
                        Feb 18               Change from previous close

Tocom    July RSS3     Y153.2/Kg               Up Y0.6/Kg
Shanghai May SCR5      CNY10,510/Ton           Up CNY 51/Ton
Thai     Sep RSS3      THB43.85/Kg             Down THB2.05/Kg
Sicom    May RSS3      US128.5 cents/Kg        Up 1 cent/Kg
Sicom    May TSR20     US109.7 cents/Kg        Up 0.5 cent/Kg

Asian Physical Rubber

Grade Shipment   Feb 19        Feb 18
RSS3  Mar/Apr    126-127      125-126
STR20 Mar/Apr    110-111      109-110
SIR20 Mar/Apr    109-110      108-109
SMR20 Mar/Apr    108-109      107-108
SVR3L Mar/Apr    125-126      125-126

USS      Feb   THB38.97-THB39.17/Kg

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