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

Japan futures rise on stronger oil, synthetic rubber prices



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

SINGAPORE, July 22 (Reuters) -

  • Japanese rubber futures were up on Monday, tracking stronger oil and synthetic rubber prices, although a stronger yen capped gains.

  • The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: rose 3.3 yen, or 1.03%, to 322.3 yen ($2.05) per kg as of 0145 GMT.

  • The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery SNRv1 inched up 20 yuan, or 0.14%, to 14,575 yuan ($2,004.18) per metric ton.

  • The most active September butadiene rubber contract on the SHFE SHBRv1 was up 180 yuan, or 1.23%, at 14,775 yuan ($2,031.68) per metric ton.

  • Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September.

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

  • The dollar slipped 0.08% to 157.38 yen JPY=EBS in early Asian trade on Monday, in the initial reaction to U.S. President Joe Biden's decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. USD/

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

  • China's central bank on Monday cut a key short-term policy rate in a surprise move to support the real economy.

  • China also cut benchmark lending rates at a monthly fixing on Monday.

  • EU tariffs on electric vehicles built in China breach global trading rules and must be corrected, an industry body representing 12 Chinese automakers told the European Commission in a hearing last week.

  • The front-month rubber contract on Singapore Exchange's SICOM platform for August delivery STFc1 last traded at 162.6 U.S. cents per kg, down 0.1%.


($1 = 157.4500 yen)

($1 = 7.2723 yuan)




Reporting by Gabrielle Ng; Editing by Janane Venkatraman

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.