Updates prices
BEIJING, June 13 (Reuters) - Japanese rubber futures rose on Friday, as Israel's strikes on Iran sent oil prices soaring and Asian markets lower.
The Osaka Exchange (OSE) rubber contract for November delivery JRUc6, 0#2JRU: was up 0.45% at 292.2 yen per kg.
The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery SNRv1 rose 0.33% to 13,815 yuan per metric ton.
The most active July butadiene rubber contract on the SHFE SHBRv1 climbed 0.94% to 11,315 yuan per metric ton.
The price of Thailand's benchmark export-grade smoked rubber sheet (RSS3) RUB-RSS3C-BKK and block rubber RUB-STR20C-BKK was down 0.22% and 0.63% at 76.88 baht and 61.8 baht, respectively.
Japan's Nikkei .N225 average futures dipped 1.3% in early trade.
Oil prices jumped nearly 9% on Friday to near multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.O/R
Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil.
Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September.
The front-month rubber contract on Singapore Exchange's SICOM platform for July delivery STFc1 was at 161.6 U.S. cents per kg, up 1%.
(Reporting by Lewis Jackson and Ella Cao in Beijing; Editing by Rashmi Aich and Leroy Leo)
((Ella.Cao@thomsonreuters.com))
