The Tokyo Commodity Exchange hit a six-month
high earlier this week due to worries about flooding across parts of rubber
producing regions in Malaysia and Thailand, which reduced production in
December, but weak demand especially in China and increasing inventories in
major consumer nations continued to weigh on prices. The benchmark Tokyo rubber
futures fell for a third session today, the contract for June delivery finished
¥4.2 lower at ¥205.3 per kg.
Rubber stocks in warehouses monitored by the
Shanghai Futures Exchange also recovered to 154,086 tonnes, after falling to
136,531 tonnes in late November 2014. The most active rubber contract on Shanghai
futures exchange for May delivery fell 240 yuan to finish at 13,200 yuan per tonne.
The benchmark RSS4 grade rubber closed at `.129.15
a kg at Kottayam, while RSS3 grade closed at `.107.63 a kg at
Bangkok and Malaysian SMR20 closed at `.92.26 a kg. On
National Multi Commodity Exchange January 2015 futures closed at `.122.75
a kg, February 2015 at `.123.79, March at `.123.65, April at `.125.10,
May at `.126.30 and June at `.127.95 a kg. On
Tokyo Commodity Exchange, January 2015 futures series closed at ¥189.1 a kg, February
at ¥194.3, March at ¥199.1, April at ¥202.2, May at ¥204 and the contract for
delivery in June 2015 closed at ¥205.3 a kg.
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