Tokyo rubber tumbles

Benchmark Tokyo rubber futures hit their lowest level in 21 months on Wednesday, tracking weak Shanghai futures. The Tokyo Commodity Exchange rubber contract for December delivery finished 1.2 yen lower at 171.1 yen ($1.55) per kg, after hitting the lowest since Oct. 5, 2016 at 168.3 yen earlier in the session.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 75 yuan to finish at 10,410 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 131.60 US cents per kg, down 1.1 cents.