Rubber futures mixed on trade optimism, rising supply

Tokyo – Natural rubber futures ended the week mixed across major exchanges, amid signs of improvement in US-China trade.

While most major Far East exchanges witnessed growth, gains were capped by concerns over rising production levels as the wintering season concluded, reported Japan Exchange Group (JPX) 9 June.

In Osaka, Japan, OSE RSS rubber futures for November delivery closed slightly higher, up 0.2% compared to the week before in quiet trading.

Meanwhile, the recently launched OSE Shanghai for September delivery grew 4.4% week-on-week, according to JPX figures.

In Shanghai, China, SHFE rubber surged 4.1% compared to the week before on “active short covering by fund managers” while INE rubber declined by 0.8% due to long liquidation.

In Singapore, SICOM’s active August rubber contract ended the week marginally higher, up 0.2% on the week before, in “range-bound trading”.