Asian rubber prices ended higher Wednesday, supported by currency moves and broad strength in the Chinese agricultural commodities market.
Both the Japanese yen and the Chinese yuan were weaker in Asian trading, making contracts nominally cheaper given that physical rubber is traded in U.S. dollars.
Asian Rubber Futures Dec. 7 Change from previous close
Tocom May RSS3 Y242.8/Kg Up 2.4/Kg
Shanghai May SCR5 CNY18,735/Ton Up CNY95/Ton
Sicom Jan RSS3 US 216 cents/Kg Up US4.0 cents/Kg
Sicom Jan TSR20 US 178.5 cents/Kg Up US 6.0 cents/Kg
USS Dec THB66.74-THB66.94/Kg THB66.11-THB66.56/Kg
