Benchmark Tokyo rubber futures fell on Friday, ending the week down more than 2 percent, as investors unwound long positions amid scepticism about the impact of planned export cuts by Asia's top producers. The Tokyo Commodity Exchange (TOCOM) rubber contract for July delivery finished 2.5 yen, or 1.6 percent, lower at 154.8 yen ($1.33) per kg, after falling as low as 153.8 yen earlier in the session.
The TOCOM futures, which set the tone for tyre rubber prices in Southeast Asia, slid 2.2 percent for the week, marking their second weekly loss. The most-active rubber contract on the Shanghai futures exchange for May delivery fell 90 yuan to finish at 10,195 yuan ($1,551.82) per tonne. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.5 percent from last Friday, the exchange said. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 108.8 US cents per kg, down 0.5 cent.
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