5 May 2026
OSE sees “highest close in more than two years,” as other Far East markets report gains
Tokyo — Natural rubber (NR) futures closed higher across major exchanges in the week to 1 May, supported by supply concerns and stronger crude oil prices, according to Japan Exchange Group (JPX).
In its weekly NR report 4 May, JPX said prices were lifted ahead of the Labour Day holidays in China and the ‘golden week’ holidays in Japan.
Markets were supported by “supply concerns, a sharp rise in global crude oil prices, and speculative buying by Chinese commodity funds,” JPX added.
In Osaka, Japan, OSE’s September contract settled 2.7% higher compared to the week before in active trading, recording “its highest close in more than two years.”
In Shanghai, China, SHFE and the INE futures closed up 2.0% and 2.3%, respectively, JPX said, citing “fresh buying interest and short covering.”
In Singapore, SICOM’s July contract “ended the week 2.5% higher on firm physical demand and renewed speculative buying,” the report added.
JPX noted that China’s Labour Day holidays ran from 1 – 5 May, while Japan’s ‘golden week’ spanned 29 April – 5 May.
Trading on both exchanges is set to resume 6 May.
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