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NewsSignals AI analysis·Reuters·

Japan futures hit 1-month low on Thai supply outlook, log 3rd weekly loss

Grade Bbearish AI signal$RUBBER
Japanese rubber futures fell to a one-month low, extending their losing streak to three consecutive weeks as improving weather in Thailand raised expectations of increased supply. The April OSE contract dropped 0.58% to 442.40 yen per kg, while the Shanghai January contract declined 0.52% to 19,170 yuan per ton; Thailand forecasts less rain from October 29 to November 4. Continued favorable weather and subdued downstream demand could maintain downward pressure on natural rubber futures despite historically high Thai domestic prices.

Bullish strength: 20/100

  • Thai domestic RSS3 rubber prices reached a decade high of 97.9 baht per kg.
  • Tight global supply could keep fourth-quarter rubber prices elevated.

Bearish strength: 80/100

  • Japanese rubber futures hit a one-month low.
  • OSE rubber futures recorded a third consecutive weekly loss.
  • Improving weather in Thailand increased expectations of higher supply.
  • Downstream end-users have limited capacity to absorb high prices.
  • Shanghai January rubber futures declined 0.52%.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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