Japanese rubber futures climb for a third day as Thai rains curb supply
Osaka rubber futures rose for a third straight session as rains disrupt tapping in southern Thailand and a weaker yen supports prices, per Reuters.
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what happened
Rubber futures on the Osaka Exchange gained 0.66% to 454.5 yen per kg, extending a three-session rally. Support came from the yen, which hovered near 158.56 per dollar, and from tight raw material supply as rain keeps hampering tapping in southern Thailand.
Analysts at Minmetals Futures noted that the Shanghai contract for January delivery edged up 0.08% to 19,870 yuan per ton. Mills keep buying at elevated prices even though their margins are thin. Reuters reported that rainfall has eased in the north and northeast, but Thailand's meteorological agency warned of severe rains from October 19 to 25.
why it matters
For rubber markets, the rally signals supply-side support as seasonal rain cuts output. Mills compete for raw material, which keeps purchase prices high while profit margins stay thin. A weaker yen also makes Japanese-denominated assets cheaper for overseas buyers, linking the move to currency markets.
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sources
- Japan futures rise as rains squeeze Thai supply, yen slips — Reuters, 20 October 2026 at 02:26 UTC
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