TOKYO—Natural rubber futures continued a recent dip during the trading week to Oct. 6, amid "very quiet trading," according to the Japan Stock Exchange.
Trading volumes were impacted primarily by a week-long holiday period in China, which kept many traders on the sidelines, the JPX reported in its weekly report Oct. 9.
In Osaka, Japan, pricing for active new March 2024 OSE rubber futures fell 1.9 percent week-on-week, amid subdued trading.
In Singapore, SICOM's active January 2024 contract pricing fell 1.1 percent week-on-week, JPX reported.
While OSE's trading volume remained nearly unchanged, JPX said SICOM's volume dropped "substantially" during the period.
Rubber prices trended lower during this period, influenced by a strong U.S. dollar, rising U.S. interest rates and concerns regarding weaker global demand.
Another key factor, JPX noted, was a "significant dip" in WTI crude oil prices, as a result of low demand and higher inventory levels.
