Tokyo rubber drops

Benchmark Tokyo rubber futures dropped to a two-week low on Wednesday as declines in the Nikkei share index and a slightly stronger yen encouraged investors to liquidate contracts to take profit, dealers said. The new benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for May delivery settled down 1.2 percent at 256.9 yen ($2.53) per kg, after falling to an intraday low of 256.5 yen, the lowest since November 13.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 45 yuan to 18,980 yuan ($3,100) per tonne.
The front-month rubber contract on Singapore's SICOM exchange for December delivery last traded at 229.00 US cents per kg, up 0.10 cents.