Rubber futures extend decline as weather conditions improve
All major Far East markets report weekly losses as El Nino eases across producing regions
Tokyo – Natural rubber futures continued to decline for a fourth week in a row, giving back recent gains “as upside momentum faded,” Japan Exchange Group (JPX) reported 9 Nov.
According to JPX, improved weather conditions, including showers across major producing regions and the easing of the El Nino phenomenon, are supporting a recovery in NR output in Thailand and other ASEAN countries.
Furthermore, weakening global equity markets, the prospect of higher global interest rates, and a sharp decline in crude oil prices also weighed on rubber market sentiment.
Over the week ended 6 Nov, in Osaka, Japan, OSE’s April 2027 rubber contract fell 4.1% week-on-week in “moderate trading.”
Meanwhile in Shanghai, China, SHFE and INE rubber declined 3.0% and 2.9%, respectively, amid speculative position liquidations
In Singapore, SICOM rubber contracts for January 2027 ended the week down 2.9% in quiet trading.
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