LONDON—Rubber prices in major Far East markets fell sharply during the two weeks to June 24, with a slight recovery towards the end of the two-week period.
Compared to June 10, rubber futures closed lower in all major rubber exchanges on June 24, with Shanghai contracts for September delivery closing 4.3 percent down compared to two weeks before.
Japanese rubber futures also tracked weaker Asian shares and lower raw material prices from top rubber producer Thailand.
However, analysts expect support from a softer yen and hopes that the U.S. might be cutting some tariffs on China to limit the fall.
According to the Osaka Stock Exchange, SICOM rubber futures dropped early in the week following a sell-off but rebounded to close at the week's high.