BANGKOK, June 13 (Reuters) – Tokyo rubber futures fell to the lowest in almost three weeks on Monday, tracking falls in other commodities, but dealers said TOCOM prices could try to rally after the benchmark found support at 380 yen per kg.
The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> fell 3.7 yen to settle at 380 yen ($4.730) per kg.
It hit an intra-day low of 377.1 yen per kg, the lowest since May 24.
“Rubber prices just fell in line with oil prices and other commodities, where sentiment was not that good today,” said a Tokyo-based dealer.
Oil prices fell on Monday, with Brent below $119 a barrel as growing investor concern about a slowdown in the United States and other industrialised economies combined with expectations that top exporter Saudi Arabia would increase output. [O/R]
The most active Shanghai rubber contract for September delivery fell 360 yuan to finish at 32,685 yuan ($5,043) per tonne.
Dealers said TOCOM could rebound on Tuesday since the strong support at 380 yen per kg held, while limited supply in producing countries should also help.
Heavy rain persisted in the south of Thailand, the world’s biggest rubber-producing country, disrupting tapping and cutting supply.

For morning and afternoon prices at Thailand’s state-run central rubber market, click on .
For other physical rubber prices in Thailand, click on .
For more details on Indonesian and Malaysian prices click on and .
* Reuters Terminal users can see cash and futures rubber prices by double clicking on the codes in the brackets:
– Tokyo rubber futures — <0#JRU:>
– Central Japan rubber futures — <0#JRI:><0#JOS:>
– Shanghai rubber futures — <0#SNR:>
– Singapore rubber futures — <0#SRS:><0#SRU:>
<0#STF:>
– Thai rubber futures <0#ARU:><0#ASR20:>
– All rubber news [RUB]
– Tokyo rubber report [RUB/T]
– Shanghai rubber report [RUB-CN]
– Thailand rubber report [RUB/TH]
– Asian rubber report [RUB/AS]
– Indonesian rubber report [RUB/ID]
For Related News and other topics, double click on one of these codes: SPEED GUIDES
($1 = 80.330 yen)
($1 = 6.480 yuan)

Source: Reuters

Comments are closed.