Japan futures little changed as weak demand counters oil rebound, firmer Tokyo equities
Bullish strength: 55/100
- Shanghai January rubber futures rose 0.82% to 19,570 yuan per metric ton.
- Synthetic butadiene rubber futures gained 3.32% to 16,950 yuan per metric ton.
- Rebounding oil prices and firmer Tokyo equities provided supportive market conditions.
- Analysts expect higher synthetic rubber prices to keep natural rubber elevated in the short term.
Bearish strength: 45/100
- Weak downstream demand caused early gains in Japanese rubber futures to fade.
- Weak semi-steel tyre consumption and lower-than-expected automobile sales are limiting upside.
- Overseas natural rubber supply is expected to increase.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.