Benchmark Tokyo rubber futures snapped a five-day losing streak on Friday, pulling away from a three-month low scaled a day earlier, on the back of higher Shanghai futures prices, brokers said.
The Tokyo Commodity Exchange rubber contract for March delivery finished 4.5 yen higher at 201.7 yen ($1.80) per kg. For the week, it fell 2.7 percent after it touched a three-month low of 195.1 yen in the previous session.
The most-active rubber contract on the Shanghai futures exchange for January delivery rose 330 yuan to finish at 13,575 yuan ($2,062) per tonne.
Shanghai futures got support after China's trade data showed on Friday that the country's natural and synthetic rubber imports rose 34.7 percent to 660,000 tonnes last month from a year earlier.
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.6 percent from the last release on Sept. 29, the exchange said on Friday
The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 145.60 U.S. cents per kg, up 1.4 cent.
Subscribe to:
Post Comments (Atom)
Yen Weakens, Rubber Price Increases
The movement of rubber prices on the Tokyo commodity exchanges continued to rise in the third consecutive day on Tuesday (31/7/2018), in lin...
-
Malaysia's natural rubber production in August 2017 increased by 11.1% to 61,252 tonnes against 55,121 tonnes in the previous month, acc...
-
Rubber prices rebounded and climbed almost two percent in trading this morning, Friday (2/23/2018), in line with the rebound Japanese stock ...
-
Styrene butadiene rubber (SBR) prices in Asia are facing downward pressure in the near term from continued price weakness of rival product ...
No comments:
Post a Comment