* Japanese rubber futures rose on Tuesday, tracking stronger
domestic equities, although they posted a monthly fall as
lacklustre local factory output and global recessionary fears
weighed on sentiment.
* The Osaka Exchange's (OSE) rubber contract for August
delivery finished 1.4 yen, or 0.6%, higher at 224.2 yen
($1.65) per kg.
* The benchmark contract posted a month-on-month decline of
about
3.5%.
* The rubber contract on the Shanghai futures exchange for
May
delivery fell 70 yuan to finish at 12,450 yuan ($1,794)
per tonne.
* Japan's benchmark Nikkei share average closed up
0.08%.
* "The market is likely to trade range-bound this week, with
some
increased buying on bargain hunting after the previous two
sessions' losses," a Singapore-based trader said.
* Japan's factory output shrank at the fastest pace in eight
months in January as declining overseas demand took a heavy toll
on key industries such as auto and semiconductor equipment.
* Oil prices were steady in Asian trade on Tuesday,
supported by
hopes a solid economic rebound in China will drive up fuel
demand, offsetting worries about further U.S. interest rate
hikes potentially hurting demand in the world's biggest economy.
* The natural rubber market is supported by stronger oil
prices,
as manufacturers are incentivised to shift away from synthetic
ones derived from oil, pushing the prices higher.
* Asian equities stumbled lower in choppy trading on Tuesday
and
were on track for the worst monthly performance since September
as investors adjust to expectations of the Federal Reserve
raising interest rates higher and for longer.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for March delivery last traded at 135.3 U.S.
cents per kg, up 0.1%.
($1 = 136.2800 yen)
($1 = 6.9397 yuan)
(Reporting by Matthew Chye; editing by Eileen Soreng)
For other physical rubber prices in Thailand, click on . For more details on Indonesian and Malaysian prices click on and .
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