Rubber futures provide ‘mixed picture’ as trading volume slows down

Tokyo – World rubber futures presented a mixed picture in the week ended 9 Sept, amid light trading volumes.

Japan’s OSE futures closed slightly higher – 0.5% week-on-week – on new buying and amid low trading volume, said the latest report by the Tokyo-based JPX trading exchange 12 Sept.

In China, SHFE futures increased by 0.3%, reflecting some short coverings, while INE fell 1.6% due to active selling in the market.

Influenced by supply concerns and weak physical demand due to China's extended lockdowns in Chengdu, Singapore’s SICOM rubber dropped 1.6% week-on-week.

Trading volume declined across all exchanges, said JPX, linking the decrease to ‘nervousness’ of traders over the current lower rubber prices.

The general market sentiment, the reported noted, “remains bearish”, while a lack of buying drivers has led prices to new recent lows.