Tokyo rubber futures slipped lower on Thursday as a stronger Japanese yen and weaker oil prices triggered stop-loss selling, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for October delivery fell 0.4 yen to settle at 282.3 yen ($2.76) per kg. "Investors liquidated contracts to avoid risks as the yen rose higher against the dollar, while weaker oil also weighed on the market," said a Bangkok-based dealer.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 100 yuan to finish at 19,975 yuan ($3,300) per tonne. The front-month June rubber contract on Singapore's SICOM exchange was last traded at 247 US cents per kg, up 1 cent.
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