By Lucy Craymer
Asian rubber futures ended Tuesday's session mixed, with Tokyo prices rising supported by recent yen depreciation and steady oil prices.
A weaker Japanese currency makes prices of commodities denominated in yen cheaper in other currencies.
On the flipside, Shanghai rubber futures came under pressure during the session after weakness in some Chinese commodity markets, which followed a tightening of rules for trading iron ore and steel rebar futures. This was done in a bid to cool price gains and rein in rampant speculative trading. Iron ore and steel rebar futures fell by the maximum 6% allowed Tuesday in Shanghai.
Asian Rubber Futures
Nov 15 Changefrom previous close
Tocom Apr RSS3 Y200.3/kg Up Y2.6/Kg
Shanghai Jan SCR5 CNY15,605/Ton Down CNY 165/Ton
Sicom Dec RSS3 US184.5 cents/Kg Up US2.5 cents/Kg
Sicom Dec TSR20 US164.7 cents/Kg Down US 1.3cents/Kg
USS Nov THB56.60-THB58.15/Kg THB57.11-THB57.79/Kg
Write to Lucy Craymer at firstname.lastname@example.org, @lucy_craymer
(END) Dow Jones Newswires
November 15, 2016 05:59 ET (10:59 GMT)
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