Natural rubber futures pull back after early September rally

Tokyo – Natural rubber futures slipped in the second trading week of September following a strong rally at the start of the month.

All major Far East exchanges closed the week ended 12 Sept lower, amid “profit-taking and long liquidation,” according to Japan Exchange Group (JPX) on 15 Sept.

Prices, JPX said, entered “overbought territory” earlier in the month due to concerns over elevated cup-lump prices after the recent rainy season.

Citing market estimates, JPX said nearly 60% of rubber futures, equivalent to more than 300,000 tonnes, which were accumulated in early September were “unwound,” putting pressure on prices.

In Osaka, Japan, the OSE February-2026 contract fell 2.4% week-on-week in light trading.

Meanwhile in Shanghai, China, SHFE and INE contracts declined 1.9% and 3.2% respectively on “active profit-taking.”

In Singapore, SICOM’s active December-2025 contract ended 3.4% lower compared with the week before, dragged down by moderate long liquidation.

Despite the weekly pullback, JPX noted that market sentiment remains supported by expectations of lower global interest rates and strong equity market performance.