Rubber drops

10 Apr, 2014

Benchmark Tokyo rubber futures dropped nearly 2 percent on Wednesday, giving up some of the previous day's gain on concerns about economic growth in top consumer China and weaker Tokyo equities market, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for September delivery fell 4.1 yen, or 1.8 percent, to settle at 221.3 yen ($2.17) per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery lost 390 yuan to finish at 15,325 yuan ($2,500) per tonne. The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 181.00 US cents per kg, down 2.5 cents.

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