Latest news with #FarahMiller
Business Recorder
16-07-2025
- Business
- Business Recorder
Japanese rubber futures rise on Thai flood concerns
SINGAPORE: Japanese rubber futures rebounded on Wednesday, fuelled by supply shortage fears after top producer Thailand warned of possible flash floods, although sluggish global demand capped gains. The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade up 3.5 yen, or 1.1%, at 320.5 yen ($2.16) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery climbed 80 yuan, or 0.55%, to 14,500 yuan ($2,020.31) per metric ton. The most-active August butadiene rubber contract on the SHFE fell 65 yuan, or 0.56%, to 11,525 yuan ($1,605.80) per ton. Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from July 19-21. The market is currently paying attention to the Thai flood warning, said Chinese broker Hexun Futures. The greenback strengthened to 148.91 yen per dollar after reaching a 3-1/2-month peak earlier in the session. A weaker Japanese currency makes yen-denominated assets more affordable to overseas buyers. Oil prices rose on expectations of steady demand in the US and China. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. Amidst the peak production season across rubber-producing countries, as well as damp international demand, there could be some cap to the upside, said Farah Miller, founder of independent rubber-focused firm Helixtap Technologies. 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 August delivery last traded at 167.3 US cents per kg, up 0.7%.
Business Recorder
16-07-2025
- Business
- Business Recorder
Japan rubber futures rise on Thai flood concerns, weak demand caps gains
Japanese rubber futures rebounded on Wednesday, fuelled by supply shortage fears after top producer Thailand warned of possible flash floods, although sluggish global demand capped gains. The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade up 3.5 yen, or 1.1%, at 320.5 yen ($2.16) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery climbed 80 yuan, or 0.55%, to 14,500 yuan ($2,020.31) per metric ton. The most-active August butadiene rubber contract on the SHFE fell 65 yuan, or 0.56%, to 11,525 yuan ($1,605.80) per ton. Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from July 19-21. The market is currently paying attention to the Thai flood warning, said Chinese broker Hexun Futures. Japanese rubber futures firm on weather woes The greenback strengthened to 148.91 yen per dollar after reaching a 3-1/2-month peak earlier in the session. A weaker Japanese currency makes yen-denominated assets more affordable to overseas buyers. Oil prices rose on expectations of steady demand in the U.S. and China. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. Amidst the peak production season across rubber-producing countries, as well as damp international demand, there could be some cap to the upside, said Farah Miller, founder of independent rubber-focused firm Helixtap Technologies. 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 August delivery last traded at 167.3 U.S. cents per kg, up 0.7%.
Business Recorder
26-06-2025
- Business
- Business Recorder
Japan rubber futures rise on Mideast truce, wet weather concerns
SINGAPORE: Japanese rubber futures strengthened on Wednesday after a tentative truce between Iran and Israel buoyed investor sentiment and as wet weather in top producer Thailand sparked supply concerns. The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade up 6.4 yen, or 2.18%, at 299.8 yen ($2.06) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery remained relatively unchanged at 13,770 yuan ($1,920.37) per metric ton. The most active July butadiene rubber contract on the SHFE fell 115 yuan, or 1.03%, to 11,075 yuan ($1,544.52) per metric ton. The Osaka contract has likely rebounded after the ceasefire between Iran and Israel, said Farah Miller, founder of independent rubber-focused firm Helixtap Technologies. China equities edged higher on Wednesday following U.S. President Donald Trump's announcement of a ceasefire between Israel and Iran, improving global risk appetite and buoying investor sentiment. China's Premier Li Qiang was optimistic about China's ability to maintain high growth as it transitions to a consumer-driven model, Reuters reported on Wednesday. "Fundamentally, there could also be some support (from) the heavy rains slated in Thailand, which could keep raw material costs elevated," added Miller. Thailand is likely to face heavy rains that may cause flash floods and overflows from June 24-27, the country's meteorological agency warned. Meanwhile, China's auto industry inflating car sales through "zero-mileage" cars has intensified a price war in the world's largest auto market, while also reinforcing fears of dumping subsidised vehicles overseas. Price reductions in vehicles have caused a downward pressure on tyre prices. The front-month rubber contract on Singapore Exchange's platform for July delivery last traded at 159.9 U.S. cents per kg, up 0.2%.
Business Recorder
12-06-2025
- Business
- Business Recorder
Japanese rubber futures dip on weak demand
BEIJING: Japanese rubber futures dropped on Thursday, snapping two sessions of gains, as weak demand and tariff uncertainties weighed on the market. The Osaka Exchange (OSE) rubber contract for November delivery was down 2.71% at 290.9 yen per kg. 'In general, demand is weak and inventories are ample in most consuming countries. Automotive sales are also facing headwinds so all of this could eventually affect rubber, a key raw material for the tyre market,' said Farah Miller, founder of rubber-focused data firm Helixtap in Singapore. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery dropped 1.81% to 13,585 yuan per metric ton. The most active July butadiene rubber contract on the SHFE eased 1.12% to 11,035 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 fell 0.7% to close at 38,173.09. Japanese rubber futures extend gains A government survey showed Japan's business sentiment worsened in April-June for the first time in five quarters, amid concerns over U.S. tariff policy hitting the export-heavy economy. Automakers and auto parts makers expect profits to plunge 19.8% in fiscal 2025, the survey showed. Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market participants assessed a U.S. decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity. 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 last traded at 160.4 U.S. cents per kg, down 1.9%.
Business Recorder
31-05-2025
- Business
- Business Recorder
Japanese rubber futures lower on firmer supply outlook
SINGAPORE: Japanese rubber futures sank on Friday as seasonal harvesting eased supply concerns, while uncertainty prevailed around the US tariffs and its effect on global trade. The Osaka Exchange (OSE) rubber contract for November delivery slumped 19.6 yen, or 6.23%, to end at 295 yen ($2.05) per kg. * The contract has lost 7.81% this week, its steepest weekly fall since April 4. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery slid 435 yuan, or 3.14%, to 13,405 yuan ($1,864.68) per metric ton. The most active July butadiene rubber contract on the SHFE fell 200 yuan, or 1.76%, to 11,145 yuan ($1,550.31) per ton. 'There is some caution in the market with producing countries Ivory Coast, Vietnam, and Thailand having full production along with well stocked inventories in Europe and US,' said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies. * As of May 28, domestic production areas as well as plantations in Vietnam have fully begun harvesting, said Chinese financial information site Tonghuashun Information. Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September. Elsewhere, a federal appeals court temporarily reinstated US President Donald Trump's tariffs on Thursday, reversing a trade court's decision on Wednesday to put an immediate block on the most sweeping of the duties. Chinese equities dipped, with auto shares continuing the downward trend as price war concerns lingered. The front-month rubber contract on Singapore Exchange's SICOM platform for June delivery last traded at 162 US cents per kg, down 2.5%. China's financial markets will be closed on Monday for a public holiday. Trading will resume on Tuesday, June 3.
