Natural rubber futures continue on downward track

Tokyo - Global rubber futures have continued a recent decline seen across all major exchanges, Japan Exchange Group (JPX) has reported. 

In Japan’s Osaka Stock Exchange, natural rubber pricing fell by 1.8% in quiet trading during the business week to 19 July. 

The declines were less marked on China’s SHFE and INE exchanges, with pricing for the commodity down by 0.6% on prior-week levels.

But highlighting a bearish trend, JPX said official warehouse stocks on both Chinese trading centres increased during the week.

On Singapore’s SICOM exchange, meanwhile, rubber futures fell marginally by 0.1%, according to the JPX trading review issued 22 July. 

“All exchanges experienced a sharp decline in trading volume due to market uncertainty and a lack of clear price direction,” the market watcher reported. 

Concluded JPX: “Overall market sentiment remains weak, with no signs of demand forthcoming, while production in most producing countries is at full capacity.”