Asian rubber futures settle marginally higher Tuesday as trading remained mostly thin during the day.
The benchmark Tokyo Commodity Exchange rubber contract for March delivery finished 0.2 yen higher at Y174.1 ($1.45) a kilogram.
Markets in Japan were closed for a national holiday on Monday.
Investor sentiment turned negative after Chinese trade data released Tuesday signaled weakening global and domestic demand in the world’s second-largest economy, a Tokyo-based analyst said. The market is expected to stay under pressure given an overall bearish sentiment due to weaker demand from automobile companies in top-buyer China, he added.
The most-active rubber contract on the Shanghai futures exchange for January delivery fell CNY80 to finish at CNY11,710 ($1,849) a metric ton.
Asian Physical Rubber Grade Shipment Oct. 13 Oct. 12 RSS3 Nov/Dec 134/135 135/136 STR20 Nov/Dec 134/135 134/135 SMR20 Nov/Dec 133/134 133/134 SIR20 Nov/Dec 127/127 128/128.5 SVR3L Nov 133 133 Oct. 13 Change from previous close Tocom Mar RSS3 Y174.1/Kg Up Y0.2 Shanghai Jan SCR5 CNY11,710 Down 80 Thai May RSS3 THB52.00/Kg Up THB0.20 Sicom Nov RSS3 133.6 US cents/Kg Unchanged Sicom Nov TSR20 128 US cents/Kg Down 0.2 US cents/Kg USS Nov THB42.23-THB42.43/Kg THB42.62/Kg