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Japan futures inch lower after six-day rally



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>RUBBER-Japan futures inch lower after six-day rally</title></head><body>

SINGAPORE, Aug 15 (Reuters) -

  • Japanese rubber futures inched lower on Thursday after a six-session winning run, although the fall was limited by fears of supply disruptions from Thailand.

  • The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU: was down 0.7 yen, or 0.22%, at 322.9 yen ($2.19) per kg as of 0200 GMT.

  • The January rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 rose 65 yuan, or 0.41%, to 15,940 yuan ($2,225.67) per metric ton.

  • Data showed China's new home prices fell for the 13th straight month in July. China's property sector, at its peak, accounted for a fifth of the economy.

  • Top producer Thailand's meteorological agency warned of heavy rains that may cause flash floods from Aug. 14-20.

  • The yen JPY=EBS was steady at 147.26 per dollar, after data showed Japan's economy expanded by a faster-than-expected annualised 3.1% in April-June, rebounding from the previous quarter due to a solid pick-up in consumption. USD/

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

  • Investors are still digesting Japanese Prime Minister Fumio Kishida's decision to step down next month, although analysts said the news has had limited impact on markets.

  • The front-month rubber contract on Singapore Exchange's SICOM platform for September delivery STFc1 last traded at 172.2 U.S. cents per kg, up 0.6%.


($1 = 147.5100 yen)

($1 = 7.1619 yuan)



Reporting by Gabrielle Ng; Editing by Subhranshu Sahu

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