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RTRS-RUBBER-Tokyo futures mark first weekly loss in 5 weeks

TOKYO, Feb 3 (Reuters) - Key TOCOM rubber futures 
recouped earlier losses to close higher on Friday, but marked 
their first weekly loss in five weeks as buying prompted by 
Thailand's plan to support prices petered out. 
But there was psychological support at and above 300 yen as 
Thai intervention is expected to start mid-month and given the 
likelihood of seasonal tightness in rubber supplies over the 
coming weeks. [ID:nL4E8CV4H0] 
"There are fewer people worried about downside risks now 
that Thailand's intervention is due to start soon," said a 
trader at a Japanese commodity brokerage. 
"If the 300 yen level proves a solid floor, the market could 
easily run higher," he said. 
Key U.S. jobs data due later in the day is being carefully 
watched to gauge the strength of the world's biggest economy and 
how long financial markets including commodities markets will 
benefit from central banks' policies to provide ample liquidity. 
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FACTBOX on physical trading [ID:nL3E7IQ1WF] 

FACTBOX on rubber trading [ID:nL4E7JO0G8] 
Asia Softs outlook: [SOF/AS] 
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The key Tokyo Commodity Exchange rubber contract for July 
delivery <0#2JRU:> settled up 3.6 yen per kg or 1.2 percent at 
314.7 yen on Friday after falling as low as 308.6 yen. 
The benchmark TOCOM contract fell 0.7 percent on the week. 
It hit a three-month high of 324.6 yen last week after breaking 
through above 300 yen the week earlier. 
The most active Shanghai rubber contract for May delivery 
rose 420 yuan to 27,730 per tonne. 
In other markets, Brent crude held above $112 on Friday as 
reports that Israel could strike Iran in the spring heightened 
already simmering tensions in the region. [O/R] 


(Reporting by Risa Maeda; Editing by Edwina Gibbs) 
(( This e-mail address is being protected from spambots. You need JavaScript enabled to view it. )(81-3-6441-1856)(Reuters 
Messaging: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. )) 

((For morning and afternoon prices at Thailand's state-run central rubber market, click on . 
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 -- <0#JRU:> 
- Shanghai rubber futures -- <0#SNR:> 
- Singapore rubber futures -- <0#SRS:><0#SRU:> 
<0#STF:> 
- Thai rubber futures <0#ARU:><0#ASR20:> 
- All rubber news [RUB] 
- Tokyo rubber report [RUB/T] 
- Shanghai rubber report [RUB-CN] 
- Thailand rubber report [RUB/TH] 
- Asian rubber report [RUB/AS] 
For Related News and other topics, double click on one of these codes: SPEED GUIDES )) 

Keywords: MARKETS ASIA RUBBER 



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Friday, 03 February 2012 15:41:09RTRS [nL4E8D334Y] {EN}ENDS 

ที่มา: reuters