4 Feb 2025
Short covering and light buying interest support markets
Tokyo – Natural rubber futures have gained across all major exchanges, amid shortened trading days in China and Singapore due to the lunar new year holidays.
Both short covering and light buying interest supported the OSE and SICOM markets in Japan and Singapore, reported Japan Exchange Group (JPX) 3 Feb.
In Osaka, OSE July-2025 rubber contract closed 2.8% higher compared to the week before.
In Singapore, SICOM's active April-2025 contract gained 0.8% week-on-week, in generally quiet trading.
SICOM market sentiment, JPX added, “remains firm, with prices likely to stay above both the 50-day and 100- day moving averages.”
Chinese exchanges will resume trading on 5 Feb.
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