Benchmark Tokyo rubber futures fell on Friday, tracking weak Shanghai futures, following a jump in the previous day amid optimism over a Sino-US trade deal. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, were still under pressure from high inventories.
The Tokyo Commodity Exchange rubber contract for July delivery finished 2.1 yen ($0.0190) lower at 182.5 yen per kg. For the week, TOCOM rose 4.7 yen. TOCOM's technically specified rubber (TSR) 20 futures contract for August delivery fell 2.3 yen to close at 155.1 yen per kg.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 115 yuan ($16.97) to finish at 11,640 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 135.3 US cents per kg, down 0.7 cent.
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