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2026-09-16 18:08:09
[Japanese Rubber Futures Rebound, Supported by Supply Concerns and Declining Inventories] ⑴ Japanese rubber futures rose on Wednesday, ending a five-day losing streak, supported by supply concerns triggered by heavy rains in Thailand and declining inventories in China. ⑵ The February delivery rubber contract on the Osaka Exchange rose 4.6 yen, or about 1%, to 425.2 yen per kilogram. ⑶ The January delivery rubber contract on the Shanghai Futures Exchange rose 100 yuan, or about 0.5%, to 18,875 yuan per ton. ⑷ The most actively traded October butadiene rubber contract on the Shanghai Futures Exchange rose 390 yuan, or about 2.6%, to 15,260 yuan per ton. ⑸ Thailand's meteorological agency warned of severe rainfall and flash floods from September 17 to 21. ⑹ Analysts stated in a report that raw material prices in Thailand are expected to remain high as seasonal supply growth is offset by disruptions from continued rainfall, providing cost support for natural rubber. (7) Analysts say tire companies bought as prices fell, Qingdao inventories continued to decline, and TSR20 rubber futures inventories were at low levels. (8) China is the world's largest rubber consumer, and its inventory levels are closely watched as an indicator of regional demand. (9) A Singapore trader said that after profit-taking and portfolio rebalancing, futures prices have fallen below the spot price spread, suggesting that the spread will narrow in the coming days. (10) The latest price for the December delivery near-month rubber contract on the Singapore Exchange's SICOM platform was 235.7 US cents per kilogram, up about 0.9%.
