Japanese Rubber Futures Trade in Tight Range
Japanese rubber futures traded in a tight range as traders weighed weather-related supply disruptions in key producing regions against lower oil prices.
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Japanese rubber futures traded in a tight range as traders weighed weather-related supply disruptions in key producing regions against lower oil prices.
Japanese rubber futures moved in a narrow range on Tuesday, as traders weighed firmer physical prices in top producer Thailand against a dip in oil prices. The Osaka Exchange (OSE) rubber contract for March delivery was up 2.3 yen, or 0.51%, at 454.5 yen ($2.87) per kg.
Japanese rubber futures moved in a narrow range as traders assessed firmer physical prices in Thailand against a dip in oil prices.
Japanese rubber futures moved in a narrow range on Tuesday as traders weighed firmer physical prices in top producer Thailand against a dip in oil prices. The Osaka Exchange (OSE) rubber contract for March delivery was up 1.4 yen, or 0.31%, at 453.6 yen ($2.87) per kg.
Japanese rubber futures moved in a narrow range on Tuesday, as traders weighed firmer physical prices in top producer Thailand against a dip in oil prices.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Global stocks were little changed, while Japanese government bond yields climbed to historic levels and US Treasury yields edged lower. Gold rose and Brent crude eased, with traders still pricing in further Federal Reserve rate hikes.
By Emily Ou YongJapanese rubber futures traded in a tight range on Friday, as a weaker yen countered concerns over softer demand from top consumer China ahead of a holiday period, although the contract notched its biggest weekly gain since April.($1 = 158.0600 yen)
By Emily Ou YongJapanese rubber futures traded in a tight range on Friday, as a weaker yen offset softening tyre demand ahead of holidays in top rubber consumer China, keeping the contract on track for its biggest weekly gain since the week ended April 3.($1 = 158.6600 yen)