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Markets Print edition: 2022-09-18

Japanese rubber futures lower

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By Reuters
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SINGAPORE: Japanese rubber futures snapped a six-session rally on Friday, amid weaker crude prices and concerns over a global economic slowdown, although gains in the Shanghai market capped losses.

The Osaka Exchange rubber contract for February delivery was down 2.1 yen, or 0.9%, at 224.3 yen ($1.57) per kg as of 0200 GMT. The benchmark contract has gained more than 3% for the week.

The OSE will be closed on Monday for a public holiday in Japan.

Japanese rubber Osaka Exchange rubber rubber price rubber rates

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Jom Jacob Sep 18, 2022 06:59am
Natural rubber prices are immune to crude oil trends quite for some time. This is evident if the two are graphed together for the the past 6-month period. I wonder, why the Reuters are still relating rubber price fall to crude oil. Perhaps, it is reported so based on some preconceived notion rather than basing on critical thinking and cause-effect analysis.
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