4 Mar 2025
Global equities and major commodities, including crude oil trended lower as the US dollar strengthened
Tokyo – Natural rubber futures have declined in the Far East markets amid escalating tariff concerns globally, according to Japan Exchange Group (JPX).
Rising geopolitical tensions and inflationary pressures further dampened sentiment after the US imposed 25% tariffs on both Canada and Mexico, along with an additional 10% tariff on China, effective 4 March.
The trading week ended 28 Feb saw OSE’s August-2025 contract closing 3.5% lower compared to the week before.
In Shanghai, China, meanwhile, SHFE and INE rubber fell 2.1% and 1.3%, respectively, on long liquidation.
In Singapore, SICOM’s active May-2025 contract edged down 0.2% week-on-week on light, fresh selling.
According to JPX, global equities and major commodities, including crude oil, gold, copper, and soybean, also trended lower as the US dollar strengthened last week.
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