Tokyo rubber futures dropped on Monday, weighed down by easing Japanese stock prices and a stronger yen, while trade was lacklustre with Chinese and Thai market players on holiday. The benchmark rubber contract on the Tokyo Commodity Exchange for September delivery fell 1.9 yen to settle at 221.2 yen ($2.14) per kg. "It was really quiet today due to the absence of Shanghai players," a Tokyo-based trader said.
Chinese commodity futures markets were closed for the Tomb Sweeping holiday while Thai financial markets were shut for a public holiday. The front-month rubber contract on Singapore's SICOM exchange for May delivery was last traded at 180.60 US cents per kg, down 2.90 cents.
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