Latest news with #OsakaExchange
Business Recorder
6 days ago
- Automotive
- Business Recorder
Japanese rubber futures rise on stronger oil prices
SINGAPORE: Japanese rubber futures rose for a second session on Thursday, tracking oil gains and supported by China's move to regulate electric vehicle sector competition, which could ease downward price pressure on the commodity. The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade up 4.7 yen, or 1.47%, at 325.2 yen ($2.19) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 260 yuan, or 1.8%, to 14,665 yuan ($2,042.28) per metric ton. The most active August butadiene rubber contract on the SHFE gained 100 yuan, or 0.87%, to 11,570 yuan ($1,611.26) per ton. China's cabinet pledged on Wednesday to regulate 'irrational' competition in the domestic EV sector through stricter cost and price monitoring. Lower automobile prices, driven by fierce competition, exert a downward pressure on rubber tyre prices. The China Chamber of Commerce emphasised fair European Union market access for Chinese automakers after meetings between a CCCEU auto working group and EU trade officials. China and the EU are currently looking to replace existing levies on Chinese-made EVs with minimum prices. Elsewhere, the yen slid 0.4% to 148.44 per dollar. A weaker Japanese currency makes yen-denominated assets more affordable to overseas buyers. Oil prices rose on stronger-than-expected economic data from the world's top oil consumers. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. Japan's Nikkei climbed 0.2. Top rubber producer Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from July 20-22. The front-month rubber contract on Singapore Exchange's SICOM platform for August delivery last traded at 168.5 US cents per kg, up 0.7%.
Business Recorder
7 days ago
- 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
16-07-2025
- Business
- Business Recorder
Japanese rubber futures snap five-day winning streak
SINGAPORE: Japanese rubber futures dipped on Tuesday, snapping a five-day winning streak, as easing rainfall in top producer Thailand normalised rubber tapping activity, while concerns over China's electric vehicle demand weighed on sentiment. The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade down 0.7 yen, or 0.22%, at 317 yen ($2.15) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 90 yuan, or 0.63%, to 14,395 yuan ($2,006.50) per metric ton. The most active August butadiene rubber contract on the SHFE fell 50 yuan, or 0.43%, to 11,535 yuan ($1,607.84) per metric ton. Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from July 19-21. Despite this, rain in Thailand has weakened in line with seasonality, allowing rubber tapping activity to return to normal, said Chinese financial information site Tonghuashun Information.
Business Recorder
15-07-2025
- Automotive
- Business Recorder
Japan rubber futures snap five-day winning streak on seasonal weather relief
Japanese rubber futures dipped on Tuesday, snapping a five-day winning streak, as easing rainfall in top producer Thailand normalised rubber tapping activity, while concerns over China's electric vehicle demand weighed on sentiment. The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade down 0.7 yen, or 0.22%, at 317 yen ($2.15) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 90 yuan, or 0.63%, to 14,395 yuan ($2,006.50) per metric ton. The most active August butadiene rubber contract on the SHFE fell 50 yuan, or 0.43%, to 11,535 yuan ($1,607.84) per metric ton. Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from July 19-21. Despite this, rain in Thailand has weakened in line with seasonality, allowing rubber tapping activity to return to normal, 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. Japanese rubber futures firm on weather woes Global sales of electric vehicles jumped 24% in June, with sales in China up 28% from the same month last year to 1.11 million vehicles. However, reports of a possible slowdown in China due to some cities running out of subsidies continued to weigh. sales could influence the intensity of automobile manufacturing, which involves using rubber-made tyres. Elsewhere, oil prices fell on U.S. President Donald Trump's pressure on Russia to end the Ukraine war. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. The front-month rubber contract on Singapore Exchange's SICOM platform for August delivery last traded at 166 U.S. cents per kg, up 0.5%.
