Rubber futures gain amid ‘robust’ China economic recovery
21 Jan 2025
All major Farst East exchanges close trading week higher, driven by strong buying
Tokyo – Natural rubber futures have made gains amid "stronger-than-expected" Chinese economic growth, according to Japan Exchange Group (JPX).
All Far East major exchanges closed the trading week ended 17 Jan higher, driven by "short covering and fresh speculative buying," JPX reported 20 Jan.
In Osaka, Japan, OSE's June-2025 contract rose 4.4% week-on-week in moderate trading.
In Shanghai, the SHFE rubber futures for May delivery rose 3% compared to the week before while INE April-2025 delivery contract was up 2.1% week-on-week.
In Singapore, SICOM's April-2025 contract edged up 1.6% week-on-week, in moderate trading.
SICOM prices were supported by strong buying reflected by the INE market and "light local speculative buying," said the report.
The rally, according to JPX, was fuelled by “robust Chinese economic indicators”, including a fourth quarter GDP growth of 5.4%, contributing to a full-year growth of 5.0%.
Furthermore, December vehicle sales in China rose 10.5% year-on-year to “a record high” of 3,488,605 units, up 5.2% compared to November.
