* Japanese rubber futures slid on Monday, tracking losses in
the
Shanghai market and weaker domestic equities, while a stronger
yen against the U.S. dollar added pressure.
* The Osaka Exchange's (OSE) rubber contract for August
delivery finished 2.2 yen, or 1.0%, lower at 222.8 yen
($1.63) per kg.
* The rubber contract on the Shanghai futures exchange for
May
delivery fell 110 yuan to finish at 12,495 yuan ($1,793)
per tonne.
* Rubber inventories in warehouses monitored by the Shanghai
Futures Exchange dipped 0.1% from a week earlier, the exchange
said on Friday.
* Japan's benchmark Nikkei share average closed down
0.11%.
* The Japanese yen strengthened 0.12% to 136.29
per
dollar.
* A stronger yen reduces the value of yen-based rubber in a
dollar
base and normally encourages investors to sell rubber futures on
the OSE.
* Oil prices inched lower in volatile trade on Monday, as a
stronger U.S. dollar and fears of recession offset gains from
Russia's plans to deepen oil supply cuts.
* The natural rubber market is hindered by weaker oil
prices,
leaving manufacturers with no incentive to shift away from
synthetic ones derived from oil, pushing the prices of natural
rubber down.
* Toyota Motor Corp boosted global vehicle
production by
9% in January, it said on Monday, marking its first increase in
three months, but still falling short of its plan due to
COVID-related parts shortages.
* Asian shares hit two-month lows on Monday as markets were
forced
to price in ever-loftier peaks for U.S. and European interest
rates, slugging bonds globally and underpinning the dollar near
multi-week highs.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for March delivery last traded at 134.6 U.S.
cents per kg, down 2.1%.
($1 = 136.2900 yen)
($1 = 6.9690 yuan)
(Reporting by Matthew Chye; Editing by Sohini Goswami)
For other physical rubber prices in Thailand, click on . For more details on Indonesian and Malaysian prices click on and .
* Reuters Terminal users can see cash and futures rubber prices by double clicking on the codes in the brackets: - Tokyo rubber futures -- - Shanghai rubber futures -- - Singapore rubber futures -- - Thai rubber futures -- - All rubber news - Tokyo rubber report - Shanghai rubber report - Thailand rubber report - Asian rubber report For Related News and other topics, double click on one of these codes: SPEED GUIDES ))
