Osaka rubber slips as oil dips and Asian equities lose ground
Rubber futures in Osaka fell on Monday while Shanghai contracts edged higher, Reuters reported, with crude weakness weighing on the complex.
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what happened
Reuters reports that rubber futures in Japan declined on Monday, dragged lower by softer crude and a retreat in Asian stock markets. The April contract on the Osaka Exchange lost 4.3 yen, or 0.97%, to 438.1 yen ($2.78) per kg by 0133 GMT, extending a fall that followed three weekly declines on profit-taking.
Elsewhere the picture was mixed. In Shanghai, the January rubber contract gained 70 yuan, or 0.36%, to 19,250 yuan ($2,893.08) a metric ton, while the most active December butadiene rubber contract climbed 40 yuan, or 0.24%, to 17,000 yuan. Singapore's SICOM January contract traded at 245.7 US cents per kg, up 0.2%.
Oil fell more than 1% after Iranian and Qatari officials held a third day of talks on ending the US-Israeli war on Iran. Natural rubber often follows crude because it competes with synthetic grades made from oil.
why it matters
Rubber is tied to crude through its synthetic substitute, so oil swings feed into its price. Softer global stocks, slower growth in China and bets on more rate increases also weighed on raw materials, JPX noted. Thailand's export-grade RSS3 slipped 0.3% month on month to $2.79 per kg in September, as tyre makers bought only for immediate needs, per ANRPC.
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- Japan futures fall as oil slips, Asian shares weaken — Reuters, 2 November 2026 at 01:47 UTC
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