TOKYO—Natural rubber futures were steady last week, following a sharp decline earlier in the month, as the trading week ended Nov. 22 saw little price movement amid subdued trading.
"Trading volumes declined significantly across all exchanges as prices remained range-bound, reflecting uncertain market sentiment," Japan Exchange Group (JPX) reported in its weekly Nov. 25 filing.
In Osaka, Japan, OSE's April 2025 contract rose 1.9 percent week-on-week in quiet trading.
Meanwhile, China's SHFE rubber edged up 1.0 percent compared to the week before, as INE rubber remained flat.
In Singapore, SICOM's active February 2025 rubber contract closed marginally higher by 0.3 percent compared the week before, also in light trading.
JPX linked the general negative pricing trend for the past two weeks to a decision by the European Union Parliament to approve a one-year extension of the EU Deforestation Regulation (EUDR).
The decision, it said, "has created uncertainty and weakened market sentiment, leading to reduced trading interest and lower trading activity."
