Asian Rubber Futures End Mixed as Profit-Taking Reverses Gains

Rubber futures prices were mixed Wednesday as Shanghai futures lost ground at the end of the day, likely on profit- taking.

Tokyo rubber future prices, which closed earlier in the day, rallied from the previous day's loss, as firmer Shanghai rubber futures helped investors to cover their short positions, said Kaname Gokon, an analyst at Okato Shoji brokerage in Tokyo.

"Prices went up after Shanghai stock market climbed and as Shanghai rubber futures rose," he said.

The strong market trend is "expected to continue this week," said Mr. Gokon.

Asian Rubber Futures         Dec. 9               Change from previous close

Tocom    May RSS3        Y170.8/kg                  Up Y1.8/kg

Shanghai May SCR5       CNY10,240/ton          Down CNY10/ton

Thai     Jul RSS3             THB49.50/Kg              Unchanged

Sicom    Apr RSS3          US 136.1 cents/kg      Down US 0.4 cents/kg

Sicom    Apr TSR20        US 117.0 cents/kg      Up US 2 cents/kg

Asian Physical Rubber     Grade Shipment   Dec. 9       Dec. 8

RSS3                                    Jan/Feb         129-130    129-130

STR20                                  Jan/Feb         122-123     122-123

SIR20                                   Jan/Feb         118-119     118-119

SMR20                                 Jan/Feb          120-121     121-122

SVR3L                                  Jan/Feb          120-121     120-121

USS                                      Jan    THB39.12-THB39.59/Kg            THB38.85-THB39.39/Kg