Japan futures post weekly gain on Beijing stimulus bets
Updates closing prices, adds analyst quotes and details
SINGAPORE, Nov 8 (Reuters) -
Japanese rubber futures posted a weekly gain on Friday, even as the market closed lower for the day as investors weighed prospects of further stimulus from top consumer China against looming threats of a Sino-U.S. trade war.
The April Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: closed down 0.6 yen, or 0.16%, at 367.3 yen ($2.40) per kg. It climbed 4.61% for the week.
The January rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 rose 125 yuan, or 0.69%, to 18,355 yuan ($2,566.27) per metric ton. It gained 4.57% this week.
Sentiment remains upbeat across Asia and particularly in China, with investors awaiting fiscal stimulus cues as the National People's Congress Standing Committee meeting concludes later in the day, said Jom Jacob, chief analyst at Indian analysis firm What Next Rubber.
Still, natural rubber prices may face downside risks if Beijing's highly anticipated stimulus is either delayed or falls short of the expected scale and magnitude, said Jacob.
"The market is currently over-relying on stimulus hopes," Jacob said.
U.S. President-elect Donald Trump has pledged to end China's most-favoured-nation trading status and slap tariffs on Chinese imports in excess of 60% - much higher than those imposed during his first term.
Some expect Beijing to roll out more forceful fiscal stimulus in the face of the tariff threats.
Meanwhile, a stronger U.S. dollar was also more positive for Asian rubber producers, said Farah Miller, founder of independent rubber-focused data firm Helixtap Technologies.
There was still caution among buyers while they waited for next week's European Parliament vote on the EU Deforestation Regulation, Miller said.
The front-month December rubber contract on Singapore Exchange's SICOM platform STFc1 last traded at 196.2 U.S. cents per kg, down 1.2%.
($1 = 152.7400 yen)
($1 = 7.1524 yuan)
Reporting by Gabrielle Ng; Editing by Sumana Nandy and Subhranshu Sahu
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
