By Lucy Craymer
Asian rubber prices ended Tuesday mixed with the Shanghai Futures Exchange contract breaching 19,000 yuan ($2,755) a metric ton, while the Japanese contract ended the session lower.
The Tokyo benchmark contract likely came under some pressure on the stabilization of the yen and weakness in the Nikkei. Japanese stocks declined Tuesday, halting their recent ascent after this month's U.S. presidential election, as the market's focus shifted to the uncertainty over U.S. policy formation and European political stability.
However, rubber contracts on the Shanghai Futures Exchange continued to be buoyed by speculation in the Chinese markets.
Asian Rubber Futures
Nov. 29 Change from previous close
Tocom May RSS3 Y239.9/Kg Down Y3.4/Kg
Shanghai May SCR5 CNY19,115/Ton Up CNY340/Ton
Sicom Dec RSS3 US 203.5 cents/Kg Down US 0.5 cents/Kg
Sicom Dec TSR20 US 174.8 cents/Kg Down US 1.8 cents/Kg
USS Nov THB65.9/Kg1-THB66.89/Kg THB65.38/Kg-THB66.56/Kg
Write to Lucy Craymer at email@example.com, @lucy_craymer
(END) Dow Jones Newswires
November 29, 2016 06:32 ET (11:32 GMT)
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