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2025-12-15 19:22:01
[Japanese Rubber Futures Fall Under Pressure, Weak Stock Market and Stronger Yen Combine to Pressure Prices] ⑴ Japanese rubber futures closed lower on Monday, mainly pressured by a weaker Tokyo stock market and a stronger yen. ⑵ The May rubber contract on the Osaka Exchange fell slightly by 0.3 yen to settle at 330.5 yen per kilogram, after rising 1.7% last week. ⑶ The Nikkei index in Tokyo fell more than 1% on Monday as technology stocks followed the decline in US stocks, and market concerns about overvaluation persisted. ⑷ A stronger yen against the dollar made yen-denominated assets less attractive to overseas buyers. ⑸ Market expectations of a rate hike by the Bank of Japan this week, coupled with a survey showing that confidence among major Japanese manufacturers rose to a four-year high, reinforced these expectations. ⑹ The near-month rubber contract for January delivery on the Singapore Mercantile Exchange rose slightly by 0.6% to 174.7 US cents per kilogram. Oil prices, however, held steady as concerns about supply disruptions caused by tensions between the US and Venezuela were offset by worries about oversupply and the potential impact of a Russia-Ukraine peace agreement.
