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2026-09-15 16:50:10
[Rubber Futures Fall for 5th Consecutive Day, Weakening Demand and Oil Price Support Engage] ⑴ Japanese rubber futures fell for the fifth consecutive trading day on Tuesday, dragged down by weak Chinese tire demand and a technical pullback after prices failed to break through recent highs, although rising oil prices limited the decline. ⑵ The February delivery rubber contract on the Osaka Exchange fell 5.9 yen, or about 1.4%, to 420.6 yen per kilogram. ⑶ The January delivery rubber contract on the Shanghai Futures Exchange fell 330 yuan, or about 1.7%, to 18,720 yuan per ton. ⑷ The most active October butadiene rubber contract on the Shanghai Futures Exchange fell sharply by 565 yuan, or about 3.7%, to 14,610 yuan per ton. ⑸ A futures institution pointed out in a report that the operating rate of downstream tire companies weakened due to squeezed profits, and some companies planned to suspend operations before the Chinese National Day and Mid-Autumn Festival holidays, with the operating rate expected to decline further next week. (6) Another futures institution stated that natural rubber futures failed to break through previous highs this week and have entered a short-term technical correction, with the support from agricultural-related bullish factors also weakening. (7) Rising oil prices limited the decline in rubber prices. Oil prices rose nearly 2% on Tuesday as concerns about supply disruptions persisted following attacks on Saudi Arabian energy infrastructure and the shutdown of east-west pipelines, casting a shadow over efforts to mitigate Gulf shipping risks. (8) Natural rubber often follows oil prices as it competes for market share with synthetic rubber derived from crude oil. (9) The November delivery rubber contract on the Singapore Exchange's SICOM platform was last quoted at 233.7 US cents per kilogram, down approximately 1.4%.
