Tokyo rubber futures down; Shanghai falls

Key Tokyo rubber futures slipped on Thursday after moving in a narrow range, with investors sidelined ahead of key events in Europe, including an EU leaders' summit to deal with the debt crisis. The key Tokyo Commodity Exchange rubber contract for May delivery settled down 0.6 yen or 0.2 percent at 291 yen, after moving between 292.6 yen and 288.2 yen.
The most active Shanghai rubber contract for May delivery fell 0.4 percent to close at 26,615 yuan per tonne. Volume stood at 808,000 lots. A few cargoes of Indonesia's SIR20 rubber changed hands at the highest price since November at up to $3.55 a kg, as tight supply lingered, but its premiums to Thai grade 3 weakened, dealers said on Thursday.