Japanese rubber futures climb as oil rebounds and Tokyo stocks rise
Japanese rubber futures rose on Wednesday, supported by an oil rebound after a Saudi refinery attack and a rally in Tokyo equities, Reuters reported.
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what happened
According to Reuters, rubber futures on the Osaka Exchange gained about 0.65% on Wednesday, to 449.4 yen per kg. Support came from an oil rebound, a rise of 1.34% in Japan's Nikkei and higher prices for synthetic rubber.
Oil rose after an attack on a refinery in Saudi Arabia, the world's largest crude exporter. The strike revived worries about supply risks in the Middle East amid the conflict with Iran and its proxies. Natural rubber often follows oil, because it competes with synthetic rubber, which is made from crude.
why it matters
For commodity markets, the link between rubber and oil matters: higher synthetic rubber prices keep natural rubber at elevated levels. Analysts at GF Futures expect prices to stay high in the short term, even as overseas supply grows.
market impact
Rubber: synthetic rubber follows oil higher, supporting natural rubber prices
- Natural rubber pressure up — higher synthetic rubber prices and the oil rebound support prices
tags
instruments
sources
- Japan futures rise on oil rebound, firmer Tokyo equities — Reuters, 28 October 2026 at 02:33 UTC
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