* Japanese rubber futures contracted for a second session on
Thursday, as supply concerns in top producer countries eased
while weak economic data dragged down prices further.
* Osaka Exchange's rubber contract for October delivery finished 3.7 yen, or 1.8%, lower at 207.7 yen ($1.55)
per kg.
* The rubber contract on the Shanghai futures exchange for
September delivery fell 210 yuan to finish at 11,740
yuan ($1,698.13) per tonne.
* Japan's benchmark Nikkei average closed 0.15%
higher.
* With no follow through regarding heat waves in Thailand
and
white root disease in China possibly impacting output, the
market lost confidence in the uptrend, said a Singapore-based
trader, adding that any supply impact will only be legible in
about two weeks.
* China's industrial firms profit shrank at a slower pace in
the
first quarter, as the economy has yet to be assured of a full
recovery despite a pick-up in services and consumption.
* Similarly, new orders for key U.S.-manufactured capital
goods
fell more than expected in March and shipments declined, while
U.S. consumer confidence dropped to a nine-month low in April,
further heightening the risk that the economy could fall into
recession this year.
* Still, Japan's Toyota Motor Corp , the world's
biggest
automaker by sales, set a global annual output record in the
business year ended in March, as factory disruption from global
chip supply woes and pandemic lockdowns eased.
* Asian shares were subdued on Thursday as troubles at U.S.
lender
First Republic Bank continued to unnerve investors amid
concerns that growth in the world's biggest economy could
surprise on the downside.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for May delivery last traded at 133.9 U.S.
cents per kg, down 1.8%.
($1 = 133.6900 yen)
($1 = 6.9135 yuan)
(Reporting by Carman Chew)
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 ))
