Asia rubber markets ended mixed as rubber futures rallied largely on moves higher in the U.S. dollar against the Japanese yen.
Tocom futures are denominated in Japanese yen and recent strength in the safe-haven currency has weighed significantly on the contract. The Japanese yen fell in the afternoon, however, likely as result of overall improvement in market sentiment, said Masashi Murata, a senior currency strategist at Brown Brothers Harriman.
However, the Shanghai’s rubber futures ended the session slightly lower as concerns about Chinese demand continued.
Asian Rubber Futures
Jul 11 Change from previous close
Tocom Dec RSS3 Y150.3/Kg Up Y3.1/Kg
Shanghai Sep SCR5 CNY10,800/Ton Down CNY25/Ton
Thai Sep RSS3 THB51.35/Kg Down THB2.00/Kg
Sicom Dec RSS3 US 143.5 cents/Kg Untraded
Sicom Dec TSR20 US 125.5 cents/Kg Up US0.5 cents/Kg
Asian Physical Rubber
Grade Shipment Jul 11Jul 08
RSS3 Aug/Sep 159-146 156-143
STR20 Aug/Sep 127-126 126-126
SIR20 Aug/Sep 126-125 125-125
SMR20 Aug/Sep 127-126 125-125
SVR3L Aug/Sep 144-145 144-145
USS Jul THB52.37-THB52.77/Kg THB51.79-THB52.19/Kg