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Japan futures fall on weaker oil, physical rubber prices



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Updates closing prices with details

SINGAPORE, July 4 (Reuters) -

  • Japanese rubber futures fell on Thursday, tracking weaker crude oil and physical rubber prices.

  • The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed down 1.2 yen or 0.36%, at 330.2 yen ($2.05) per kg.

  • The September rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 fell 135 yuan to 14,910 yuan ($2,050.78) per metric ton.

  • Oil prices fell in Asia on Thursday, with investors turning cautious on expectations of lower demand as U.S. employment and business data came in weaker than forecast, signalling the economy of the world's top oil consumer may be cooling. O/R

  • Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil.

  • The price of Thailand's benchmark export-grade smoked rubber sheet (RSS3) RUB-RSS3C-BKK fell by 2.0% to 73.85 Thai baht ($2.02) per kg on a free-on-board basis.

  • The yen JPY=EBS edged up 0.12% to 161.53, helped by the dollar's drop after U.S. economic data continued to point to slowing growth. USD/

  • A stronger yen makes yen-denominated assets less affordable to overseas buyers. FRX/

  • China's BYD 1211.HK, 002594.SZ opened an electric vehicle plant in Thailand on Thursday, the automaker's first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player. The facility will have a production capacity of 150,000 vehicles per year.

  • The front-month August rubber contract on Singapore Exchange's SICOM platform STFc1 last traded at 168.1 U.S. cents per kg, down 1.0%.

($1 = 161.3900 yen)

($1 = 7.2704 yuan)

($1 = 36.6100 baht)



Reporting by Gabrielle Ng; Editing by Subhranshu Sahu and Varun H K

For morning and afternoon prices at Thailand's state-run central rubber market, click on RUB-BKK3.
For other physical rubber prices in Thailand, click on RUB-BKK1, RUB-BKK2.
For more details on Indonesian and Malaysian prices click on RURKJK and RUQG.
* Reuters Terminal users can see cash and futures rubber prices by double clicking on the codes in the brackets:

- Tokyo rubber futures -- 0#JRU:
- Shanghai rubber futures -- 0#SNR:
- Singapore rubber futures -- 0#SRS:0#SRU:0#STF:
- Thai rubber futures -- 0#ARU:0#ASR20:
- All rubber news RUB
- Tokyo rubber report RUB/T
- Shanghai rubber report RUB-CN
- Thailand rubber report RUB/TH
- Asian rubber report RUB/AS

For Related News and other topics, double click on one of these codes: SPEED GUIDES RUBBER1, SOFTS/NEWS1
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