Japanese rubber futures climb with oil as output in Asia lags forecasts
Osaka rubber futures edge higher as oil gains after Houthi attacks in Saudi Arabia, while Southeast Asian output runs below forecasts, Reuters reports.
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what happened
Japanese rubber futures edged higher on Thursday, helped by a rally in oil prices and reports that rubber output in major producing countries is running below forecasts.
According to Reuters, the Osaka Exchange (OSE) contract for March delivery rose 2.4 yen, or 0.53%, to 451.2 yen per kg. On the Shanghai Futures Exchange (SHFE), the January contract gained 1.04% to 19,840 yuan per ton. Thailand's RSS3 smoked sheet was nearly unchanged at 96.36 baht per kg.
Oil rose after fresh Houthi attacks in Saudi Arabia led the United States to order some diplomats and their family members to leave its missions in the kingdom. Analysts at Everbright Futures said output in Southeast Asia was below expectations, while Chinese tyre factories restarted after a holiday but production remains low.
why it matters
Natural rubber often tracks oil because it competes with synthetic rubber, which is made from crude, so higher oil prices lend support. Slow restocking in China limits gains: according to the National Bureau of Statistics, tyre output totalled 100.85 million units in September, down 3.3% year on year.
market impact
Rubber: higher oil supports prices through competition with synthetic rubber, while weak Asian output caps gains
tags
instruments
sources
- Japan futures rise on oil gains, production worries — Reuters, 22 October 2026 at 02:15 UTC
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