Based on Bloomberg data, rubber prices for the most active contract in September 2019 on the Shanghai Futures Exchange closed down 1.18 percent or 125 points at the level of 10,510 yuan per ton from the previous closing level.

In trading on Monday (7/15/2019), the rubber price of the September 2019 contract ended up slightly by 0.05 percent or 5 points to the level of 10,635 yuan per ton.

On the other hand, prices at the Tokyo Commodities Exchange for the December 2019 contract closed up 1.71 percent or 3, points to 178.30 yen per kg, after the absence of trade on Monday due to national holidays.

Reporting from Bloomberg, rubber prices weakened to the lowest level since August 2018 amid concerns about the economy in China, and with the end of export restrictions in the main producing countries.

The Chinese economy has recorded the weakest growth in almost three decades, and may slow further despite surprises in the activity indicator data released Monday. The prospect of a weakening global economy and slowing car sales also reduce the prospect of rubber.

On the supply side, a four-month agreement among producers to limit exports will end in July for Indonesia and Malaysia, and in September for Thailand.

Rubber reserves in Shanghai rose 2 percent to 431,992 tons, the biggest increase since December. Meanwhile, China’s rubber imports fell 7.7 percent in the first six months of this year.