Latest news with #FarahMiller
Business Recorder
31-05-2025
- Business
- Business Recorder
Japanese rubber futures lower on firmer supply outlook
SINGAPORE: Japanese rubber futures sank on Friday as seasonal harvesting eased supply concerns, while uncertainty prevailed around the US tariffs and its effect on global trade. The Osaka Exchange (OSE) rubber contract for November delivery slumped 19.6 yen, or 6.23%, to end at 295 yen ($2.05) per kg. * The contract has lost 7.81% this week, its steepest weekly fall since April 4. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery slid 435 yuan, or 3.14%, to 13,405 yuan ($1,864.68) per metric ton. The most active July butadiene rubber contract on the SHFE fell 200 yuan, or 1.76%, to 11,145 yuan ($1,550.31) per ton. 'There is some caution in the market with producing countries Ivory Coast, Vietnam, and Thailand having full production along with well stocked inventories in Europe and US,' said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies. * As of May 28, domestic production areas as well as plantations in Vietnam have fully begun harvesting, said Chinese financial information site Tonghuashun Information. Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September. Elsewhere, a federal appeals court temporarily reinstated US President Donald Trump's tariffs on Thursday, reversing a trade court's decision on Wednesday to put an immediate block on the most sweeping of the duties. Chinese equities dipped, with auto shares continuing the downward trend as price war concerns lingered. The front-month rubber contract on Singapore Exchange's SICOM platform for June delivery last traded at 162 US cents per kg, down 2.5%. China's financial markets will be closed on Monday for a public holiday. Trading will resume on Tuesday, June 3.
Business Recorder
21-05-2025
- Business
- Business Recorder
Japanese rubber futures slip on firmer supply prospects, soft China
SINGAPORE: Japanese rubber futures eased on Tuesday on a firmer supply outlook amid seasonal harvesting, while muted Chinese economic data also pressured prices. The Osaka Exchange (OSE) rubber contract for October delivery was down 1.2 yen, or 0.37%, at 323.3 yen ($2.24) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery dipped 15 yuan, or 0.1%, to 14,940 yuan ($2,068.74) per metric ton. The most active June butadiene rubber contract on the SHFE fell 185 yuan, or 1.51%, to 12,070 yuan ($1,671.33) per metric ton. The prompt reversal in prices could indicate that the overall demand is weak, and uncertainty still remains amidst tariffs and as more supply comes on post-wintering, said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies. Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September. Still, excessive rainfall in overseas production areas interfered with the start of tapping, said broker Everbright Futures. Thailand's meteorological agency warned of heavy rains and accumulations that could lead to flash floods, with the southwest monsoon strengthening from May 22-26. * Sentiment was also hit by slowing growth in China's factory output and retail sales numbers that missed expectations. Meanwhile, Japan's Nikkei share average climbed on Tuesday, supported by a pause in the yen's rally that lifted automakers and other export-oriented stocks. Toyota added 1.2% and Mazda jumped 5%. The front-month rubber contract on Singapore Exchange's SICOM platform for June delivery last traded at 172.5 US cents per kg, down 0.2%.
Business Recorder
15-05-2025
- Business
- Business Recorder
Japanese rubber futures snap 10-day winning streak on trade uncertainty, supply outlook
SINGAPORE: Japanese rubber futures snapped a 10-day winning streak on Thursday, as market uncertainty surrounding China-US trade relations weighed on sentiment, while seasonal supply prospects also pressured prices. The Osaka Exchange (OSE) rubber contract for October delivery ended daytime trade 2.9 yen lower, or 0.91%, at 316.7 yen ($2.18) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery eased 65 yuan, or 0.43%, to 15,090 yuan ($2,093.80) per metric ton. The most active June butadiene rubber contract on the SHFE fell 40 yuan, or 0.33%, to 12,260 yuan ($1,701.12) per metric ton. Prices were strongly elevated due to the pause in US-China tariffs, and Thursday's decline is likely due to profit-booking as fundamental demand still looks muted, said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies. On Monday, the US and China agreed to pause tariffs for at least 90 days.
Business Recorder
15-05-2025
- Business
- Business Recorder
Japan rubber futures snap 10-day winning streak on trade uncertainty, supply outlook
SINGAPORE: Japanese rubber futures snapped a 10-day winning streak on Thursday, as market uncertainty surrounding China-U.S. trade relations weighed on sentiment, while seasonal supply prospects also pressured prices. The Osaka Exchange (OSE) rubber contract for October delivery ended daytime trade 2.9 yen lower, or 0.91%, at 316.7 yen ($2.18) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery eased 65 yuan, or 0.43%, to 15,090 yuan ($2,093.80) per metric ton. The most active June butadiene rubber contract on the SHFE fell 40 yuan, or 0.33%, to 12,260 yuan ($1,701.12) per metric ton. Prices were strongly elevated due to the pause in U.S.-China tariffs, and Thursday's decline is likely due to profit-booking as fundamental demand still looks muted, said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies. On Monday, the U.S. and China agreed to pause tariffs for at least 90 days. Japanese rubber futures extend gains A pullback in rubber prices on Thursday reflects market uncertainty, as investors are unsure how policies will evolve after the 90-day truce, said Chinese financial information site Tonghuashun Information. 'Furthermore, as most production areas come out of wintering, this could provide some pressure on prices too,' Miller added. Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September. Moreover, Japan's Nikkei share average dropped for a second day on Thursday as a stronger yen sent automaker shares sliding. Toyota and Honda each tumbled 3.2%, and Nissan slumped 3.4%, dampening sentiment for the tyre-making material. The front-month rubber contract on Singapore Exchange's SICOM platform for June delivery last traded at 175.6 U.S. cents per kg, down 0.9%.
