Rubber futures markets ended the session mixed as investors positioned themselves ahead of a bank holiday in Singapore on Friday.
Furthermore, moves lower are somewhat capped by investors looking to cover short positions as market sentiment across a broad range of commodities improves, a Singapore-based trader said.
The softer Japanese yen is also providing some support for rubber prices on the Tocom, as itmakes pricing more attractive to offshore investors.
December Tocom rubber closed 2.5 yen higher at Y175.4 a kilogram in the night session, which is considered part of the next trading day.
Asian Rubber Futures September 10 Change from previous close Tocom Feb RSS3 Y172.5/Kg Down Y1.4 Shanghai Jan SCR5 CNY11,610/ton Down CNY120 Thai Apr RSS3 THB50.85/Kg THB0.45 Sicom Oct RSS3 138.5 US cents/Kg Up 0.1 US cents/Kg Sicom Oct TSR20 126.4 US cents/Kg Up 0.5 US cents/Kg Asian Physical Rubber Grade Shipment Sept 10 Sept 09 RSS3 Oct/Nov 135-136 135-136 STR20 Oct/Nov 130-131 130-131 SIR20 Oct/Nov 126-126 126-127 SMR20 Oct/Nov 130-131 130-131 SVR3L Oct 132 133 USS Oct THB43.49-THB44.35/Kg THB44.01-THB44.14/Kg