Benchmark Tokyo rubber futures fell on Friday, moving away from a three-month high hit earlier this week, as investors unwound long positions after a plunge in Shanghai futures and a jump in the yen, but managed to post a weekly gain of 3.5 percent. The Tokyo Commodity Exchange (TOCOM) rubber contract for February delivery finished 5.0 yen, or 2.2 percent, lower at 226.0 yen ($2.1) per kg. It had hit its highest since May 24 at 234.7 yen on Wednesday.
The most-active rubber contract on the Shanghai futures exchange for January delivery tumbled 785 yuan to finish at 16,760 yuan per tonne, pulling back further from a 5-1/2-month high marked earlier this week. The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 167.4 US cents per kg, down 3.2 cents.
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