BANGKOK, Sept 8 (Reuters) – Tokyo rubber futures rose 1.4
percent on Monday as firmer oil prices and a weaker yen spurred
speculative buying.
* The benchmark rubber contract on the Tokyo Commodity
Exchange <0#JRU:> for February delivery rose 4.4 yen to end the
morning session at 313.0 yen ($2.91) per kg. It rose to a session
high of 315.3 yen per kg.

* Oil gained more than $2 to top $108 per barrel on Monday on
worries that Hurricane Ike could threaten Gulf of Mexico energy
production facilities. [O/R]

* The dollar climbed as high as 109.05 yen on trading
platform EBS after the U.S. government seized control of mortgage
housing companies Fannie Mae and Freddie Mac to
shore up the U.S. housing market and protect against more global
financial turbulence.

* On the physical front, rubber prices were higher on the
back of rising futures prices and supply concerns while some
rubber shipments from Thailand have been delayed due to a rail
strike linked to anti-government protests.

PRICES OF ASIAN PHYSICAL RUBBER COMPARED WITH FRIDAY
Grade Price Change
Thai RSS3 (Oct) $3.00/kg +$0.04
Thai RSS3 (Nov) $3.00/kg +$0.04
Thai STR20 (Oct) $2.98/kg +$0.04
Thai STR20 (Nov) $2.98/kg +$0.04
Malaysia SMR20 (Oct) $2.98/kg +$0.02
Malaysia SMR20 (Nov) $2.98/kg +$0.02
Indonesia SIR20 (Oct) $1.33/lb unchanged
Indonesia SIR20 (Nov) $1.33/lb unchanged
Thai USS3 96 baht/kg +1 baht
Thai 60-percent latex (drums, Oct) $2,050/tonne +$50
Thai 60-percent latex (bulk, Oct) $1,900/tonne +$40
($1=34.37 Baht)
($1=107.67 Yen)
(Reporting by Apornrath Phoonphongphiphat; Editing by Alan
Raybould)
(([email protected]; +66 2 648
9738; Reuters Messaging:
[email protected]))
** NOTE – The prices quoted above are offer prices collected
from traders in Thailand, Indonesia and Malaysia. They are not
official prices quoted by state-run rubber agencies in those
countries.

Source:  Reuters

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