By Lucy Craymer
Asian rubber markets ended mostly lower Friday, likely because of some profit-taking ahead of the holiday season and as the Tokyo market was closed for a public holiday.
Moves in rubber followed weakness in the oil market, which was also lower as investors cashed in profits ahead of the holiday break. Brent crude, the global oil benchmark, fell 0.5% to $54.75 a barrel on London's ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.6% at $52.64 a barrel.
The Singapore Exchange will be closed Monday, while other rubber markets will be open.
Asian Rubber Futures
Dec. 23 Change from previous close
Tocom May RSS3 Closed Closed
Shanghai May SCR5 CNY 18,615/Ton Down CNY420/Ton
Sicom Jan RSS3 US 227.3 cents/kg Unchanged
Sicom Jan TSR20 US 188.6 cents/Kg Down US 1.9 cents/Kg
USS Dec THB73.87-THB74.79/Kg THB73.91-THB74.95/Kg
Write to Lucy Craymer at firstname.lastname@example.org, @lucy_craymer
(END) Dow Jones Newswires
December 23, 2016 07:14 ET (12:14 GMT)
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