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Wednesday, May 25, 2022

Asian Rubber Futures End Largely Higher

Rubber future contracts ended the session largely higher with demand remaining solid in the Shanghai rubber market even as China shares fell.

Stocks in China plunged Thursday amid heightened worries about market liquidity. However, this didn’t result in a sharp selloff across the region, which has occurred previously when Chinese markets have plummeted.

However, he added sentiment might come off as European markets open and this could hurt pricing Friday.

Asian Rubber Futures
                        Feb 25               Change from previous close

Tocom    Mon RSS3       Y156/Kg              Up Y1.8/Kg
Shanghai May SCR5       CNY10,665/Ton        Up CNY55/Ton
Thai     Sep RSS3       THB44.20/Kg          Down THB2.05
Sicom    Jun RSS3       US 132.O cents/Kg    Up US 1.2 cents/Kg
Sicom    Jun TSR20      US 114.0 cents/Kg    Up US 0.7 cents/Kg

Asian Physical Rubber

 Grade Shipment   Feb 25       Feb 24
 RSS3  Mar/Apr    128-129      128-129
 STR20 Mar/Apr    113-114      112-111
 SIR20 Mar/Apr    112-113      111-112
 SMR20 Mar/Apr    111-112      110-111
 SVR3L Mar/Apr    125-126      125-126

USS      Feb   THB40.29-THB41.25/Kg          THB39.59-THB39.77/Kg

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