Asian rubber prices ended mixed, with the Tocom rubber market seeing some support from a broadly weak Japanese yen.
"Chinese rubber markets continued to fall, but a weaker yen led to buying among investors," noted Kaname Gokon of Okato Shoji brokerage in Tokyo. The Japanese yen has fallen 0.5% against the U.S. dollar in Asian trading.
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However, natural rubber prices in Shanghai remain under pressure on concerns about demand and broader weakness in commodity markets.
Asian Rubber Futures
May 9 Change from previous close
Tocom Oct RSS3 Y208.7/kg Up Y2.1/kg
Shanghai Sep SCR5 CNY13,560/Ton Dn CNY175/Ton
Sicom Jun RSS3 US211.0 cents/Kg Up US 1.7 cents/Kg
Sicom Jun TSR20 US148.0 cents/Kg Up US 1.0 cents/Kg
USS May THB67.67-THB67.90/Kg THB68.08-THB68.88/Kg
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(END) Dow Jones Newswires
May 09, 2017 07:03 ET (11:03 GMT)