Rubber plunges

Benchmark Tokyo rubber futures extended declines on Friday to close 6.3 percent lower, in line with Shanghai futures, as supply worries continued to ease following Thailand's planned sales of the commodity. The Tokyo Commodity Exchange rubber contract for July delivery finished 20 yen lower at 296.2 yen ($2.61) per kg, which is also its lowest intraday level since February 7. It ended the week 5 percent lower.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 800 yuan to finish at 20,380 yuan ($2,968) per tonne. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 218 US cents per kg, down 6.5 cents.