18 Dec 2023
Prices fluctuate ‘within a narrow trading range’ in major Far East markets
Tokyo – After significant prior-week declines, natural rubber (NR) futures showed signs of stability during the trading week ended 15 Dec
Amid subdued trading, RSS3 prices saw a marginal week-on-week increase on the Osaka exchange, according to the weekly Japan Stock Exchange (JPX) report.
A similar uptick was noted in China on the SHFE, though TSR20 prices experienced a slight decline on the country's INE exchange, added the review issued 18 Dec.
Throughout the week, prices fluctuated within a narrow trading range, with “sharply reduced trading volume across all exchanges,” JPX commented.
The trends, the report noted, indicated “a position closure” among traders before the end of the year.
Selected NR futures price trends on major trading exchanges
|
Exchange |
Commodity |
Delivery |
Week to 08/12 |
Week to 15/12 |
% Change |
|
Osaka |
RSS3 |
May ‘24 |
237.5 (JPY) |
238.1 (JPY) |
+0.2% |
|
SHFE |
SCR/RSS |
Jan ‘24 |
13,260 (CNY) |
13,350 (CNY) |
+0.6% |
|
INE |
TSR |
Feb ‘24 |
10,325 (CNY) |
10,320 (CNY) |
-0.0% |
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