Benchmark Tokyo rubber futures inched lower on Thursday, after trading in a narrow range, as weaker-than-expected data from China amplified concerns of a slowdown in the economy of the world's biggest rubber consumer. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for August delivery closed 0.2 yen lower at 240.1 yen ($2.34) per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose for a third day, finishing at 15,840 yuan ($2,600) per tonne, up 300 yuan. The front-month rubber contract on Singapore's SICOM exchange for April delivery last traded at 197.20 US cents per kg, up 1 cent.
Comments
Comments are closed.