Benchmark Tokyo rubber futures ended down 2.1 percent on Thursday, tracking Shanghai futures lower for a second session amid worries over slowing global rubber demand in China in a slowing economy. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, deepened their losses and hit the lowest level since late January by afternoon, after Shanghai futures fell more than 3 percent.
The Tokyo Commodity Exchange rubber contract for September delivery finished 4.2 yen lower at 194.8 yen per kg. The contract fell as low as 194.0, the lowest since January 21.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 395 yuan to finish at 12,300 yuan per tonne.
The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 136.30 US cents per kg, down 2.3 cents.
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