- OSE Rubber (May delivery): Down 6.1 yen (1.78%) to 336.8 yen/kg (~$2.17).
- Shanghai SHFE RSS3 Rubber (Jan delivery): Down 245 yuan (1.59%) to 15,170 yuan (~$2,144.35/ton).
- SHFE Butadiene Rubber (Jan): Down 175 yuan (1.68%) to 10,240 yuan/ton.
- Market drivers:
- Stronger yen makes Japanese rubber pricier for overseas buyers.
- Soft demand from auto sector amid weaker manufacturing activity in Japan.
- Support from heavy rainfall and flooding in ASEAN rubber-producing regions.
- Oil influence: Oil prices rose 1.5% after OPEC+ reaffirmed production pause, supporting rubber markets indirectly through synthetic rubber competition.
- Outlook: Thailand warns of thundershowers Dec 3-6, which could affect supply.
Exchange rates:
- $1 = 155.56 yen
- $1 = 7.0744 CNY