Tokyo rubber barely moves

11 Feb, 2004

Tokyo rubber futures moved little on Tuesday amid light trading volume in the absence of market-moving factors, traders said.
The benchmark July 2004 rubber contract on the Tokyo Commodity Exchange settled up 0.8 yen per kg at 141.7 yen.
Other months rose by 0.1 yen to 0.4 yen, with the exception of the May contract, which closed down 0.1 yen.
A broker said that some traders were drawn to more active commodities, leading to a lower trading volume for rubber.
The dollar was fetching 105.47/52 yen, against 105.58/66 yen at about the same time on Monday.
Turnover in TOCOM rubber was estimated at 3,780 lots, compared with 4,923 lots on Monday and 4,580 lots on Friday.
Open interest stood at 56,009 lots as of the end of Monday, versus 56,434 lots on Friday and 56,449 lots on Thursday.

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