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Japan futures fall for 4th session on lower oil prices

By Reuters News

By Emily Ou Yong

Nov 4 (Reuters) - Japanese rubber futures fell for a fourth straight session on Wednesday, pressured by lower oil prices, as doubts lingered over whether El Niño will trigger significant production cuts in key growing regions.

  • The Osaka Exchange (OSE) rubber contract for April delivery , was down 4.2 yen, or 0.96%, at 433.9 yen ($2.74) per kg as of 0119 GMT. The market was closed on Tuesday for a holiday

  • The rubber contract on the Shanghai Futures Exchange (SHFE) for January delivery fell 320 yuan, or 1.66%, to 18,915 yuan ($2,835.79) per metric ton

  • The most-active December butadiene rubber contract on the SHFE lost 35 yuan, or 0.21%, to 16,490 yuan per ton

  • Oil prices eased about 1% on Tuesday to their lowest in nearly four weeks, as the market weighed talks to end the wars in Ukraine and Iran against worries that recent attacks in both conflicts could further disrupt supplies O/R

  • Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil

  • Output in major producing areas faces a test in November and prices could extend their pullback if there is no clear news of production cuts materialising, analysts at broker Everbright Futures said in a note

  • However, they said year-on-year declines in output and expectations of stronger domestic demand later this year should provide support to the market

  • Global natural rubber consumption fell 2.8% year-on-year in the first half of 2026, while production fell 2.3%, leaving a deficit of 1.47 million tons that narrowed 4.7% from a year earlier, the International Rubber Study Group said on Sunday

  • The front-month rubber contract on Singapore Exchange's SICOM platform for January delivery last traded at 240.7 US cents per kg, down 1.6%

($1 = 158.5200 yen)

($1 = 6.6701 Chinese yuan)

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