AIRLINK 166.80 Decreased By ▼ -8.75 (-4.98%)
BOP 10.20 Decreased By ▼ -0.81 (-7.36%)
CNERGY 7.78 Decreased By ▼ -0.51 (-6.15%)
FCCL 45.50 Decreased By ▼ -1.73 (-3.66%)
FFL 15.09 Decreased By ▼ -0.93 (-5.81%)
FLYNG 27.00 Decreased By ▼ -0.31 (-1.14%)
HUBC 132.90 Decreased By ▼ -9.42 (-6.62%)
HUMNL 12.90 Decreased By ▼ -0.40 (-3.01%)
KEL 4.15 Decreased By ▼ -0.29 (-6.53%)
KOSM 5.45 Decreased By ▼ -0.45 (-7.63%)
MLCF 59.05 Decreased By ▼ -2.75 (-4.45%)
OGDC 211.99 Decreased By ▼ -14.78 (-6.52%)
PACE 5.46 Decreased By ▼ -0.31 (-5.37%)
PAEL 41.40 Decreased By ▼ -3.40 (-7.59%)
PIAHCLA 16.80 Decreased By ▼ -1.08 (-6.04%)
PIBTL 9.82 Decreased By ▼ -0.65 (-6.21%)
POWER 11.58 Decreased By ▼ -0.44 (-3.66%)
PPL 172.29 Decreased By ▼ -13.63 (-7.33%)
PRL 33.84 Decreased By ▼ -3.32 (-8.93%)
PTC 22.20 Decreased By ▼ -1.85 (-7.69%)
SEARL 92.10 Decreased By ▼ -8.19 (-8.17%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 35.84 Decreased By ▼ -2.67 (-6.93%)
SYM 13.35 Decreased By ▼ -1.40 (-9.49%)
TELE 7.08 Decreased By ▼ -0.65 (-8.41%)
TPLP 10.18 Decreased By ▼ -0.85 (-7.71%)
TRG 60.35 Decreased By ▼ -5.65 (-8.56%)
WAVESAPP 10.29 Decreased By ▼ -0.68 (-6.2%)
WTL 1.28 Decreased By ▼ -0.07 (-5.19%)
YOUW 3.73 Decreased By ▼ -0.05 (-1.32%)
BR100 12,116 Decreased By -710.4 (-5.54%)
BR30 36,187 Decreased By -2674.1 (-6.88%)
KSE100 113,551 Decreased By -5240.3 (-4.41%)
KSE30 35,103 Decreased By -1675.5 (-4.56%)

SINGAPORE: Japanese rubber futures rose on Wednesday, supported by a weaker yen and stronger oil prices. The Osaka Exchange (OSE) rubber contract for March delivery closed up 0.8 yen, or 0.19%, at 412.9 yen ($2.87) per kg.

The yen traded 0.14% weaker at 143.78 yen per dollar. A weaker currency makes yen-denominated assets more affordable to overseas buyers.

Oil prices jumped by over a dollar on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, after Iran’s biggest-ever military blow against Israel. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil.

The Shanghai Futures Exchange is closed from Oct. 1-7 for China’s National Day holiday. Trading will resume on Tuesday, Oct. 8. China hasn’t retaliated against US tariff hikes on Chinese imports, including electric vehicles (EVs), partly because of continued dialogue between the world’s two largest economies, US Treasury’s top economic diplomat said. China’s commerce ministry said it has asked the World Trade Organization (WTO) to rule on Canada’s steep tariffs on Chinese EVs and steel and aluminium products.

Automobile sales could influence the intensity of manufacturing, which involves using rubber-made tyres.

The price of Thailand’s benchmark export-grade smoked rubber sheet (RSS3) and block rubber were down 1.56% and 0.74%, to stand at 91.46 bah ($2.81) and 67.23 baht ($2.07), respectively.

Top rubber producer Thailand’s meteorological agency warned of heavy to very heavy rains from Oct. 1-7, leading to flash floods. The front-month rubber contract on Singapore Exchange’s SICOM platform for November delivery last traded at 213.3 US cents per kg, up 0.1%.

Comments

Comments are closed.