Asian Rubber Futures End Mixed as Yen Movement Supports Tocom

Asian rubber futures ended mixed Monday as a stronger U.S. dollar supported the yen-denominated rubber futures contract, while the Shanghai rubber contract continued to come under pressure.

The yen was moderately weaker against its rival currencies during Asian trade after sharp gains Friday following the Bank of Japan's surprisingly moderate easing and the U.S.'s soft economic growth data. The market also continued its focus on the timing of a possible interest-rate increase by the Federal Reserve this year."Overall, domestic commodity market near month is strong," Galaxy Futures added.

Asian Rubber Futures             Aug 1                     Change from previous close

Tocom    Jan RSS3                 Y155.9/Kg                          Up Y2.4/Kg

Shanghai Jan SCR5                CNY12,440 /Ton                 Down CNY10/Ton

Thai     Sep RSS3                    THB58.20/Kg                      Up THB2.45

Sicom    Dec RSS3                  US 148.1 cents/Kg              Up US1.6 cents/Kg

Sicom    Dec TSR20                US 128.3 cents/Kg              Up US1.6 cents/Kg

Asian Physical Rubber       Grade Shipment           Aug 1

RSS3                                            Sep/Oct                 170-159

STR20                                          Sep/Oct                 130-128

SIR20                                           Sep/Oct                 129-128

SMR20                                          Sep/Oct                129-128

SVR3L                                          Sep/Oct                 144-145

USS      Aug   THB59.49-THB60.13/Kg          THB60.18-THB60.42/Kg