TOKYO—Natural rubber futures remained subdued during the trading week to July 12 with markets going through a "consolidation phase," according to the Japan Exchange Group (JPX).
In Osaka, Japan, OSE rubber futures for December delivery increased by 0.2 percent week-on-week in quiet trading, while China's SHFE and INE rubber declined marginally by 0.1 percent and 0.3 percent, respectively.
In Singapore, SICOM rubber remained unchanged from the previous week, according JPX's July 15 market review.
"Weak global demand and a lack of clear price direction have led to a consolidation phase for rubber prices," the report said, noting the developments have resulted in reduced weekly trading volumes across the board, except for SICOM.
In related news, China's vehicle sales surged 6 percent year-on-year in June, reaching a total of 2.5 million units.
Malaysia's natural rubber production rose 20 percent month-on-month in May, reaching 25,608 metric tons compared to 21,325 tons in April, JPX also reported.
