Osaka Mercantile Exchange Rubber Weekly

According to OME Business Regulations, a year should not have elapsed after the date of customs clearance in the case of natural rubber: this is the requirement of natural rubber to be deliverable. Ahead of the expiry day in RSS3 futures, some physical deliveries which would elapse a year after the date of customs clearance in the next month were expected to be delivered. This expectation resulted in the lower prices. On June 24, spot contract in the RSS3 futures expired at 67.8 yen recording its life time low: this downward pressure was attributed to a glut of rubber stocks and few takers of physicals deliveries. At the end of the week, all contracts except October recorded their life time lows on fresh selling in a large lot by funds who saw little prospect of advance after lower expiry in spot contract. This week's total volume in RSS3 futures market was 31,078 lots, and it was 16,667 lots in index futures market.