Benchmark Tokyo rubber futures ended slightly down on Thursday as gains from overnight oil prices were offset by a stronger yen and sluggish Shanghai futures. TOCOM came under pressure from a strong yen and weak Shanghai futures, said a Tokyo-based dealer.
The Tokyo Commodity Exchange rubber contract for June delivery closed down 0.3 yen at 273.1 yen ($2.36) per kg. However, in the night session, it hit 278.2 yen, the highest since December 19. The most-active rubber contract on the Shanghai futures exchange for May delivery fell 190 yuan to finish at 18,075 yuan ($2,630) per tonne. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 196.5 US cents per kg, down 5 cents.
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