Tokyo rubber futures fell to their lowest in nearly two weeks as concerns over potential tightening in China sent Shanghai rubber prices down and a sharp rise in the yen against the US dollar prompted investors to sell contracts, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery lost 7.0 yen, or 2.6 percent, to settle at 261.5 yen ($2.66) per kg, the lowest closing price since October 10.
The most-active rubber contract on the Shanghai futures exchange for January delivery dropped 435 yuan to 20,105 yuan ($3,300) per tonne. The front-month November rubber contract on Singapore's SICOM exchange was last traded at 231.0 US cents per kg, down 1.1 cent.