RUBBER-Japan futures ease, post weekly loss on Sino-US trade war

SINGAPORE, April 11 (Reuters) -

• Japanese rubber futures eased on Friday, posting weekly losses, amid a widening trade war between the U.S. and top consumer China.

• The Osaka Exchange (OSE) September rubber contract JRUc6, 0#2JRU: ended daytime trade 0.17% lower to 297.6 yen ($2.07) per kg. The contract has lost 7.2% so far this week.

• The May rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 rose 1.8% to 14,995 yuan ($2,047.32) per metric ton.

• The most active May butadiene rubber contract on the SHFE SHBRv1 gained 2.61% to 11,775 yuan ($1,607.68) per metric ton.

• U.S. President Donald Trump announced a 90-day pause on tariffs for most countries in a stunning U-turn after a days-long market rout that erased trillions of dollars from global stocks.

• However, Trump has now imposed new tariffs of 145% on Chinese goods since taking office, a White House official said, racheting up trade tensions between the world's two largest economies.

• The direct impact of tariffs on natural rubber is mainly in Chinese tire exports to the U.S., Chinese financial information site Tonghuashun Information said, adding that the expected demand for rubber is under pressure amid fears of a global recession.

• The dollar slid 1.1% to as low as 142.88 yen JPY=EBS, the weakest since September 30.USD/

• A stronger currency makes yen-denominated assets less affordable to overseas buyers. FRX/

• Still, some bullish traders believe that the weather in Southeast Asia, especially Thailand, may help reduce rubber production, said Chinese rubber sales portal Natural Rubber Network.

• From April 12-14, farmers should be wary of crop damage, said Thailand's meteorological agency, adding that outbreaks of summer storms are possible.

• The front-month rubber contract on the Singapore Exchange's SICOM platform for May delivery STFc1 last traded at 168.4 U.S. cents per kg, up 1.7%.

($1 = 143.9200 yen)

($1 = 7.3242 Chinese yuan)