Tokyo rubber futures fell on Tuesday as weaker oil prices and a stronger Japanese yen spurred selling, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery was down 2.8 yen to settle at 258.4 yen ($2.58) per kg. "Rising yen and falling oil prices encouraged investors to sell contracts to stop losses," said a Bangkok-based dealer.
The most-active rubber contract on the Shanghai futures exchange for May delivery was up 80 yuan to finish at 19,230 yuan ($3,200) per tonne. The front-month December rubber contract on Singapore's SICOM exchange was last traded at 230.50 US cents per kg, down 0.5 cent.
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