Natural rubber futures consolidate prior-week recovery

Tokyo – Global rubber futures ended the last trading week higher across all major exchanges as buying interest returned, Japan Exchange Group (JPX) reported.

In Osaka, OSE rubber closed 0.7% higher in a shortened week, while on China’s SHFE and INE exchanges rubber advanced 1.8% and 1.5%.On Singapore’s SICOM rubber rose 1.5%.

“Sentiment improved after the Trump administration extended a 90-day delay on higher tariffs on Chinese goods related to purchases of Russian oil,” said JPX.

Prices were further supported by expectations of additional stimulus from Beijing following softer economic data, according to the report issued18 Aug.

These figures included July Industrial Production at 5.7%, slower: retail sales growth of 3.7%; and an uptick in the unemployment rate to 5.2%.

Concerns over raw material shortages in Thailand after heavy rains and flooding also added to the bullish tone, JPX further noted.