Market and product

Asian rubber prices Monday were mixed as external factors continued to be major drivers of market prices.

Prices on both the Tokyo and Shanghai exchanges fell as markets were broadly weaker.

A detailed proposal is now expected to be submitted to OPEC's 14 member nations on Nov. 30. Drops in crude-oil prices typically weigh on the natural-rubber market, as oil is the main feedstock for synthetic rubber.

Also Monday, Asian shares were mixed, weighed on by U.S. losses against a backdrop of expectations for a narrowing gap between the two major-party U.S. presidential candidates in the run-up to next week's election.

Elsewhere, the Sicom rubber futures contract for Ribbed Smoked Sheets ended slightly higher on low volumes. -nasdaq.com