Rubber futures edge up on Far East markets

Tokyo – Natural rubber futures closed the week ending 7 July slightly higher across all major Far East exchanges, according to the Japanese Stock Exchange JPX.

“Over the past three months, prices have exhibited a sideways movement, lacking a clear trend or direction,” said JPX in its latest weekly NR report 10 July.

OSE rubber futures (RSS3) for December delivery closed unchanged, accompanied by a 50% surge in trading volume from the previous week.

Here, JPX noted that despite the prices trading within a narrow range, the market witnessed active trading, with volume surging by over 6,000 contracts.

In China the SHFE most active contract for September delivery gained 3.8% while INE reported a 1.1% growth.

JPX linked the gains to “robust trading activity and increased speculative buying interest” in China.

In Singapore, SICOM futures (TSR20) for September delivery closed slightly higher in active transactions.

Natural rubber futures price trends on main trading exchanges