Latest news with #OsakaExchange
Business Recorder
a day ago
- Business
- Business Recorder
Japanese rubber futures dip on supply woes
SINGAPORE: Japanese rubber futures eased on Friday on softer demand for the tyre-making material in top consumer China, though the contract posted weekly gains as wet weather sparked supply concerns. The Osaka Exchange (OSE) rubber contract for November delivery ended daytime trade 2.9 yen lower, or 0.97%, at 295.4 yen ($2.03) per kg. The contract gained 1.1% this week. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery dipped 110 yuan, or 0.79%, to 13,900 yuan ($1,934.72) per metric ton. The most active July butadiene rubber contract on the SHFE fell 105 yuan, or 0.89%, to 11,630 yuan ($1,618.76) per metric ton. 'Rainfall in production areas at home and abroad interfered with tapping and the overall output of raw materials was in short supply,' said Chinese commodities data provider Longzhong Information. Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon gathered pace. Top producer Thailand's meteorological agency warned of rainfall that could cause flash floods and overflows from June 21-26, adding that farmers should prepare for crop damage. Consumption from the tyre industry is poor as demand enters the off-season, weighing on prices, said Chinese financial information site Tonghuashun Information. In currency markets, the yen edged up 0.1% to 145.35 per dollar. A stronger currency makes yen-denominated assets less affordable to overseas buyers. The front-month rubber contract on Singapore Exchange's SICOM platform for July delivery last traded at 161.2 US cents per kg, down 1.6%.
Business Recorder
3 days ago
- Automotive
- Business Recorder
Japanese rubber futures snap four-day rally on softer China demand
SINGAPORE: Japanese rubber futures snapped a four-day winning streak on Thursday as demand slowed for the tyre-making material in top consumer China, outweighing supply woes sparked by wet weather. The Osaka Exchange (OSE) rubber contract for November delivery closed down 6.7 yen, or 2.2%, at 298.3 yen ($2.05) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery inched up 30 yuan, or 0.21%, to 14,030 yuan ($1,951.21) per metric ton. The most active July butadiene rubber contract on the SHFE edged up 110 yuan, or 0.94%, to 11,770 yuan ($1,636.90) per metric ton. On the demand front, the operation rates of tyre companies is low given high inventories and the current off season, said Chinese rubber sales portal Natural Rubber Network. Capacity utilisation rates of semi-steel tyre enterprises this week fell 10% from the same period last year, according to Chinese commodities data provider Longzhong Information. Automobile sales could influence the intensity of automobile manufacturing, which involves using rubber-made tyres. Meanwhile, banks in China's Henan province said on Tuesday they will stop giving car dealers high commissions for auto loans taken out by buyers.
Business Recorder
4 days ago
- Business
- Business Recorder
Japanese rubber futures track Nikkei gains to hit 2-1/2-week high
SINGAPORE: Japanese rubber futures rose to their highest in 2-1/2 weeks on Wednesday as a stronger Nikkei bolstered investor sentiment, while wet weather in production areas triggered supply concerns. The Osaka Exchange (OSE) rubber contract for November delivery ended daytime trade 8 yen higher, or 2.69%, at 305 yen ($2.11) per kg. Earlier in the session, the contract reached 305.6 yen, its highest since May 30. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 155 yuan, or 1.12%, to 14,010 yuan ($1,949.73) per metric ton. The most active July butadiene rubber contract on the SHFE strengthened 275 yuan, or 2.4%, to 11,740 yuan ($1,633.82) per metric ton. Japan's Nikkei share average hit a four-month high on Wednesday on a weaker yen. The yen touched a one-week low of 145.445 per US dollar in early trading. A weaker currency makes yen-denominated assets more affordable to overseas buyers. Rain has interfered with rubber tapping in both domestic and overseas production areas, and the overall output of raw materials is in short supply, said Chinese commodities data provider Longzhong Information. Top rubber producer Thailand's meteorological agency warned of heavy rains that could cause flash floods and overflows from June 20-23, adding that farmers should be wary of crop damage. Meanwhile, Japan's exports fell for the first time in eight months in May, as big automakers were hit by sweeping US tariffs. Automobile sales could influence the intensity of automobile manufacturing, which involves using rubber-made tyres. The front-month rubber contract on Singapore Exchange's SICOM platform for July delivery last traded at 165 US cents per kg, up 1.2%.
Business Recorder
6 days ago
- Business
- Business Recorder
Japanese rubber gains on supply concerns
SINGAPORE: Japanese rubber futures traded in a thin range on Monday as investors weighed weakening demand for the tyre-making material in top consumer China against rain in production areas, which sparked supply concerns. The Osaka Exchange (OSE) rubber contract for November delivery ended daytime trade 1.7 yen higher, or 0.58%, at 293.9 yen ($2.04) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 95 yuan, or 0.69%, to 13,910 yuan ($1,937.24) per metric ton. The most active July butadiene rubber contract on the SHFE gained 250 yuan, or 2.21%, to 11,565 yuan ($1,610.66) per ton. 'Market participants are closely monitoring the fundamental supply of raw materials against prevailing expectations,' a Singapore-based trader said. Rainfall in key domestic production areas of Hainan and Yunnan has disrupted rubber tapping, said broker Everbright Futures. Tropical storm Wutip slammed into southern China on Friday, pounding coastal regions with gales and heavy rain, the National Meteorological Centre said.
Business Recorder
14-06-2025
- Business
- Business Recorder
Japanese rubber rises
BEIJING: Japanese rubber futures rose on Friday, as Israel's strikes on Iran sent oil prices soaring and Asian markets lower. The Osaka Exchange (OSE) rubber contract for November delivery was up 0.45% at 292.2 yen per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 0.33% to 13,815 yuan per metric ton. The most active July butadiene rubber contract on the SHFE climbed 0.94% to 11,315 yuan per metric ton. The price of Thailand's benchmark export-grade smoked rubber sheet (RSS3) and block rubber was down 0.22% and 0.63% at 76.88 baht and 61.8 baht, respectively. Japan's Nikkei average futures dipped 1.3% in early trade. Oil prices jumped nearly 9% on Friday to near multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September. The front-month rubber contract on Singapore Exchange's SICOM platform for July delivery was at 161.6 US cents per kg, up 1%.
