Rubber futures ‘mixed’ amid volatile markets
Trading volume fell sharply in Chinese and Japanese exchanges
Tokyo – Natural rubber futures have depicted a mixed picture amid “prevailing uncertainties,” according to the latest weekly report by Japan Exchange Group (JPX).
“Volatile crude oil prices and profit-taking in synthetic rubber (BR) on the SHFE [Shanghai, China] kept traders on the sidelines,” said JPX 13 April.
Over the week to 10 April, trading volume “fell sharply” on both Chinese exchanges and the OSE, in Osaka, Japan.
On Singapor’s SICOM market, however, trading volume rose, reflecting “stronger consumer buying and physical demand.”
In Osaka, OSE's September rubber futures settled down 0.7% compared to the week before, while Shanghai’s SHFE and INE rubber futures closed up 1.2% and 0.5%, respectively.
SICOM's July contract, meanwhile, ended marginally higher, up 0.8% week-on-week.
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