14 Jan 2025
RSS3 futures decline while TSR20 make week-on-week gains, according to JPX
Tokyo – Natural rubber markets depicted a mixed picture in the trading week ended 10 Jan, with RSS3 rubber posting week-on-week declines and TSR20 making gains.
In Osaka, Japan, OSE’s June-2025 rubber contract closed 1.6% lower week-on-week amid moderate trading.
In Shanghai, SHFE rubber declined 0.5% compared to the week before amid significant long liquidation, Japan Exchange Group reported 13 Jan.
Meanwhile, the Shanghai INE rubber contract for March delivery rose 2.3% on the prior week, driven by “fresh speculative and fund buying.”
In Singapore, SICOM rubber contract for April delivery advanced 0.6% week-on-week on “active short covering.”
According to JPX, the price gap between RSS3 and TSR20 narrowed during the week and official warehouse stocks of TSR20 dropped “sharply.”
“Market sentiment remains steady, bolstered by optimism over potential Chinese government stimulus and reports of heavy rain in key producing countries,” JPX added.
Furthermore, OSE disclosed on 10 Jan that it will launch a new Shanghai Natural Rubber Futures, underlying SHFE Natural Rubber Futures (RU), in the second half of 2025.
The Japanese market reported that it is currently seeking public comments.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
