By Lucy Craymer
Tokyo rubber futures rallied sharply Wednesday after the release of data by the Rubber Trade Association of Japan, which showed that stocks of crude rubber had continued to fall.
Japan's crude rubber stocks totaled 5,253 metric tons as of Dec. 20, down 5.5% from 5,559 tons as of Dec. 10, data from the Rubber Trade Association of Japan showed Wednesday.
In addition, the Tokyo market was playing catch-up having been closed Tuesday, when both the Shanghai Futures market and the Sicom rallied.
Asian Rubber Futures
Jan 4 Change from previous close
Tocom Jun RSS3 Y273.4/Kg Up Y9.5/Kg
Shanghai May SCR5 CNY 18,265/TonDown CNY 370/Ton
Sicom Feb RSS3 US 237.0 cents/Kg Up US 7.0 cents/Kg
Sicom Feb TSR20 US 201.8 cents/Kg Up US 0.7 cents/Kg
USS Jan THB72.07-THB73.07/Kg THB71.79-THB72.72/Kg
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(END) Dow Jones Newswires
January 04, 2017 06:09 ET (11:09 GMT)
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