TOKYO—World rubber futures presented a mixed picture in the week ended Sept. 9 amid light trading volumes.
Japan's OSE futures closed slightly higher—up 0.5 percent week-on-week—on new buying and amid low trading volume, said the latest report by the Tokyo-based JPX trading exchange 12 Sept.
In China, SHFE futures increased by 0.3 percent, reflecting some short coverings, while INE fell 1.6 percent due to active selling in the market.
Influenced by supply concerns and weak physical demand due to China's extended lockdowns in Chengdu, Singapore's SICOM rubber dropped 1.6 percent week-on-week.
Trading volume declined across all exchanges, said JPX, linking the decrease to "nervousness" of traders over the current lower rubber prices.
The general market sentiment, the reported noted, "remains bearish," while a lack of buying drivers has led prices to new recent lows.
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