Benchmark Tokyo rubber futures ended down 1 percent on Tuesday as weaker oil prices prompted some profit-taking following a 2.5 percent jump a day earlier. Tokyo Commodity Exchange (TOCOM) futures on Monday got support from strong oil prices and rose to near six-month highs hit in early January when worries over lower production in flood-hit Malaysia and Thailand flared.
The Tokyo Commodity Exchange rubber contract for July delivery finished 2.1 yen lower at 212.4 yen per kg. The benchmark contract hit 214.8 yen in the night session on Monday, the same as a near five-week high hit during Monday's day session. The most-active rubber contract on the Shanghai futures exchange for May delivery fell 120 yuan to finish at 13,560 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 139.60 US cents per kg.
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