Tokyo rubber futures slipped on Thursday as concerns over weak demand amid a supply glut in major producing countries continued to weigh on prices, encouraging investors to sell contracts to stop losses, dealers said. The Tokyo Commodity Exchange rubber contract for February delivery slipped 0.7 yen to settle at 187.9 yen per kg.
The benchmark fell to a 5-year low of 187 yen per kg on Wednesday. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 95 yuan to finish at 13,410 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 148.60 US cents per kg, down 2.3 cents.