TOKYO—Natural rubber futures continued a downtrend for a second week in a row across all major Far East exchanges, according to Japan Exchange Group (JPX).
The trading week ended Nov. 1 closed lower across all markets, driven by "continued long liquidation and profit-taking that pushed prices to their lowest levels in four weeks," JPX reported in its weekly filing Nov. 4.
According to JPX, the recent rally in prices lost momentum, and trading volume and open interest declined on most exchanges, reflecting "a lack of market commitment and clear direction."
In Osaka, Japan, OSE's March 2025 contract sharply declined by 6.3 percent in active trading. In China, SHFE and INE exchanges reported 1.7 percent and 1.6 percent declines, respectively.
In Singapore, SICOM's active January 2025 contract closed marginally lower amid generally quiet trading due to Diwali holidays.
According to JPX, on the Shanghai INE, official warehouse stocks for TSR20 have sharply dropped over the past four weeks to 87,292 metric tons from 141,020 tons a month prior.
The decline, it added, is "likely seasonal, as rubber stocks are no longer deliverable after one year in designated warehouse storage."
