Japanese rubber futures edged higher for a second session on Tuesday, buoyed by bullish Asian shares and a strong Nikkei, and as supply concerns weighed on traders.
Japanese rubber futures closed higher on Monday for a second session, as concerns over conflict in the Middle East pushed rubber demand up and lifted crude oil prices.
Natural rubber producing nations urged to address common issues
Sawar Dhanania, Chairman of the Rubber Board has called upon the Association of Natural Rubber Producing Countries (ANRPC) to prioritise addressing such issues common for all and formulate appropriate policies.
Vietnam’s among largest suppliers of rubber to China
Vietnam emerged as the second largest supplier of rubber to China during the opening eight months of the year with 976,100 tonnes worth US$1.3 million, VOV News quoted statistics from China's customs authorities.
DOSM: Malaysia's natural rubber production up 9.7% in August against July
Malaysia’s natural rubber (NR) production increased by 9.7 per cent to 31,309 tonnes in August from 28,533 tonnes in July, said the Department of Statistics Malaysia (DOSM).
Japanese rubber futures closed at a one-month low on Thursday, as market participants reacted to elevated bond yields despite recent easing. The Osaka Exchange (OSE) rubber contract for March delivery closed down 4 yen, or 1.7%, at 229.7 yen ($1.54) per kg.