BANGKOK, Jan 9 (Reuters) – Tokyo rubber futures rose 4.6
percent on Friday, tracking rebounding oil prices, but gains were
capped by profit-taking.
* The benchmark rubber contract on the Tokyo Commodity
Exchange <0#JRU:> for June delivery rose 6.6 yen or 4.6 percent
to settle at 149.7 yen ($1.64) per kg.
* Oil prices rose by $1 a barrel on Friday on signs that top
crude exporter Saudi Arabia would deepen supply cuts next month.
U.S. crude for February delivery rose by $1.00 to $42.65 a
barrel.
* The rubber market has taken its lead from the oil market,
but traders said commodities remain vulnerable to bleak economic
figures, although supply concerns provide support.
* A U.S. government report on Thursday showed the number of
people remaining on jobless rolls last week rose to a 26-year
high. [ID:nN08526969] Monthly U.S. jobs data due on Friday is
expected to show the country lost more than 500,000 jobs in
December.
* Japan’s crude rubber inventories amounted to 9,066 tonnes
as of Dec. 31, up 3.1 percent from Dec. 20, Rubber Trade
Association of Japan data showed on Friday.
* Rubber inventories in warehouses monitored by the Shanghai
Futures Exchange fell 7 percent from the end of last year, the
exchange said on Friday. Inventories fell to 64,165 tonnes from
69,340 tonnes on Dec 30.

PRICES OF ASIAN PHYSICAL RUBBER COMPARED WITH THURSDAY
Grade Price Change
Thai RSS3 (Feb) $1.52/kg -$0.03
Thai RSS3 (Mar) $1.52/kg -$0.03
Thai STR20 (Feb) $1.50/kg unchanged
Thai STR20 (Mar) $1.50/kg unchanged
Malaysia SMR20 (Feb) $1.47/kg -$0.02
Malaysia SMR20 (Mar) $1.47/kg -$0.02
Indonesia SIR20 (Feb) $0.66/lb unchanged
Indonesia SIR20 (Mar) $0.66/lb unchanged
Thai USS3 47 unchanged
Thai 60-percent latex (drums, Feb) $1,100 unchanged
Thai 60-percent latex (bulk, Feb) $1,000 unchanged
($1=91.15 Yen)
($1=34.82 baht)

Source:  Reuters

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