Rubber down

Benchmark Tokyo rubber futures extended declines on Tuesday and touched a near two-week low after data showed domestic rubber inventories grew 3 percent and the world's No.2 producer, Indonesia, said it was not worried about a recent slump in prices as market fundamentals remained strong.
The Tokyo Commodity Exchange rubber contract for November delivery finished 4.9 yen lower at 190.3 yen ($1.70) per kg after touching 181.1 yen, the lowest since June 8. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 105 yuan to finish at 12,630 yuan ($1,849) per tonne after touching a near one-week low.