TOKYO—Global rubber futures prices closed the trading week ended March 29 mostly lower across major exchanges, with the exception of the OSE in Osaka, Japan.
Trading volume also fell sharply across all exchanges as profit-taking set in, Japan Exchange Group (JPX) reported in its latest weekly trading review April 1.
While OSE rubber futures closed up by 1.1 percent, the SHFE and INE exchanges in China registered week-on-week declines of 1.5 percent and 2.5 percent, respectively. In Singapore, meanwhile, NR futures closed down by 1.3 percent on the SICOM exchange.
Last week saw "light, fresh buying interest on both the OSE and SICOM markets after prices experienced sharp declines from their recent highs," JPX said. Meanwhile, it added, "long liquidation" persisted on China's SHFE and INE exchanges, "leading to a sharp decrease in open interest."
