BANGKOK, Nov 6 (Reuters) – Tokyo rubber futures settled lower
on Thursday on stop-loss selling as players liquidated positions
after seeing falls in oil prices.
* The benchmark rubber contract on the Tokyo Commodity
Exchange <0#JRU:> for April delivery fell 2.5 yen, or 1.3
percent, to settle at 178.9 yen ($1.81) per kg.
It fell to an intra-day low at 170.5 yen per kg, the lowest
since Oct 29.
* On Wednesday the contract rose as high as 208.8 yen, the
highest for any benchmark since Oct. 9, before selling in late
Tokyo trade following a reversal in oil prices.
* Oil fell below $65 a barrel on Thursday, extending a 7
percent overnight drop, weighed down by a strengthening dollar
and as dismal economic data in the United States sharpened fears
of a deep and lasting global recession.
* Rubber prices often move in line with oil prices as both
markets are sensitive to demand from automobile users.
* The market took a hit last week as investors fled riskier
assets including commodities due to concern about the credit
crunch, sending rubber as low as 153.4 yen, the lowest level
since July 2005.
* On the physical front, prices dropped in line with TOCOM,
but trading was busier, with tyre makers buying rubber from
Indonesian producers, traders said.

PRICES OF ASIAN PHYSICAL RUBBER COMPARED WITH WEDNESDAY
Grade Price Change
Thai RSS3 (Dec) $1.95/kg -$0.05
Thai RSS3 (Jan) $1.95/kg -$0.05
Thai STR20 (Dec) $1.90/kg -$0.05
Thai STR20 (Jan) $1.90/kg -$0.05
Malaysia SMR20 (Dec) $1.85/kg -$0.10
Malaysia SMR20 (Jan) $1.85/kg -$0.10
Indonesia SIR20 (Dec) $0.84/lb -$0.03
Indonesia SIR20 (Jan) $0.84/lb -$0.03
Thai USS3 60 baht/kg – 1 baht
Thai 60-percent latex (drums, Dec) $1,500/tonne -$50
Thai 60-percent latex (bulk, Dec) $1,400/tonne -$50
($1=35.03 baht)
($1=98.86 Yen)

Source:  Reuters

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