Asian rubber market on December 11, 2018: Prices in Tokyo lowest near two weeks

At Tokyo Commodity Exchange (TOCOM), rubber prices on Dec. 11st 2018 futures in May 2019 decreased by 1.3 JPY, equivalent to 0.8% to 160.2 JPY (1.42 USD)/kg. , hit its lowest level since Nov. 30th 2018, under pressure from weak oil prices.

RSS3 rubber prices on TOCOM at 13h on 11/12/2018 (Hanoi time)

The TSR20 rubber futures for June futures fell 0.6 percent to 142.6 JPY / kg.

TSR20 rubber price at TOCOM at 13h on 11/12/2018 (Hanoi time)

Rubber futures in Shanghai ended the night down 0.9 percent to CNY 11,170 ($ 1,625) /tonne.

RSS3 rubber prices in Shanghai at 13h on December 11, 1818 (Hanoi time)

The dollar was at 113.17 JPY compared with about 112.3 JPY on Monday (10/12/2018).

Oil remained low after dropping 3 percent in the previous session, under pressure from a weakening global stock market and a suspicion of a cut in supply led by OPEC to keep supplies under control.

The Nikkei average of Japan fell 0.2%.

January -1919 rubber prices on SICOM floor hit 122 US cents / kg, the lowest since 30/11/2018.

Rubber prices closed in Asia on 10/12/2018

source: VITIC/Reuters