Benchmark Tokyo rubber futures fell for a second session on Monday, dragged to a 3-week low by profit-taking as continued weakness in Shanghai futures and lower oil prices weighed on sentiment, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery finished 3.7 yen, or 1.6 percent, lower at 228.9 yen ($1.85) per kg.
It earlier slid to a low of 228.7 yen, the lowest since May 26. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 159.0 US cents per kg, up 0.3 cent. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 225 yuan, or 1.6 percent, to finish at 13,895 yuan ($2,238.17) per tonne. Both TOCOM and Shanghai contracts have lost nearly 10 percent since their highs hit early this month.
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