* Japanese rubber futures open mixed on Monday, as banks
sought to
reassure and stabilise global financial markets over the
weekend, while higher oil prices and a weaker yen lent some
support.
* The Osaka Exchange (OSE) rubber contract for August
delivery opened flat at 208.5 yen ($1.58) per kg as of
0210 GMT.
* The rubber contract on the Shanghai futures exchange
(SHFE) for
May delivery was up 85 yuan, or 0.73%, at 11,740 yuan
($1,704.86) per tonne.
* Rubber inventories in warehouses monitored by the Shanghai
Futures Exchange fell by 1.1% from a week earlier, the exchange
said on Friday.
* Japan's benchmark Nikkei average opened down
0.29%.
* Oil prices rose on Monday, after suffering their biggest
weekly
loss in months.
* The natural rubber market is helped by stronger oil
prices, as
manufacturers are incentivised to shift away from synthetic
rubber that is derived from oil, driving natural rubber prices
higher.
* Likewise, the Japanese yen fell 0.42% against the
dollar
to 132.35, as of 0212 GMT.
* A weaker yen makes yen-denominated assets more affordable
when
purchased in other currencies.
* Futures and Asian stocks fought to stablise, as a rescue
deal
for Credit Suisse and a concerted effort from central banks
eased immediate fears of contagion, though trade was tense and
banks under pressure as confidence concerns swirl.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for April delivery last traded at 130.7 U.S.
cents per kg, down 0.2%.
($1 = 132.3400 yen)
($1 = 6.8862 yuan)
(Reporting by Carman Chew; Editing by Rashmi Aich)
SINGAPORE, March 20 (Reuters) -
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.