NR futures slip as synthetic rubber, crude prices fall

Tokyo – Natural rubber (NR) futures have slipped across all major Far East exchanges amid “profit-taking and position adjustment trading.”

Over the week ended 17 April, crude oil and synthetic rubber (BR) prices “fell sharply, putting pressure on natural rubber prices,” said Japan Exchange Group (JPX) in its weekly report 20 April.

In Osaka, Japan, OSE’s September rubber contract settled down 0.9% week-on-week “in quiet trading.”

In Shanghai, China, SHFE and INE rubber closed lower by 2.5% and 3.3%, respectively, with decreased trading volume and continued profit-taking.

In Singapore, meanwhile, SICOM’s July rubber contract ended the week down 1.0% on long liquidation.