XM does not provide services to residents of the United States of America.

Japan futures rise on stronger synthetic prices



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>RUBBER-Japan futures rise on stronger synthetic prices</title></head><body>

Updates closing prices, adds analyst quote

SINGAPORE, July 17 (Reuters) -

  • Japanese rubber futures gained on Wednesday, tracking synthetic rubber prices higher.

  • The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed up 4.2 yen, or 1.32%, at 322.8 yen ($2.04) per kg.

  • The September rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 rose 110 yuan, or 0.76%, to finish at 14,520 yuan ($1,997.66) per metric ton.

  • The most active September butadiene rubber contract on the SHFE SHBRv1 was up 115 yuan, or 0.79%, at 14,600 yuan ($2,008.67) per ton.

  • On the SHFE, the upturn in butadiene rubber prices can attract fresh buying interests in natural rubber futures, said Jom Jacob, chief analyst at Indian analysis firm What Next Rubber.

  • The IMF's significant upward revision of its China growth forecast is also a "favourable factor" poising natural rubber prices for gains, added Jacob.

  • The yen JPY=EBS was last steady at 158.34 per dollar, as traders remained on alert for any intervention from Japanese authorities to prop up the currency after they had likely done so last week. USD/

  • A weaker currency makes yen-denominated assets more affordable to overseas buyers. FRX/

  • European Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles in a non-binding but still influential vote.

  • The European Commission, which oversees the bloc's trade policy, has set provisional duties of up to 37.6% on EVs imported from China and canvassed EU member views in a so-called advisory vote.

  • The European Commission has signalled to Volkswagen _p.DE and BMW BMWG.DE that it may consider lowering tariffs on the two carmakers' imports of China-made EVs.

  • The front-month August rubber contract on Singapore Exchange's SICOM platform STFc1 last traded at 162.3 U.S. cents per kg, up 0.6%.

($1 = 158.0400 yen)

($1 = 7.2685 yuan)




Reporting by Gabrielle Ng; Editing by Sherry Jacob-Phillips and Rashmi Aich

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
</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.