Benchmark Tokyo rubber futures fell 1.5 percent in light trading on Monday following a fall in Shanghai futures ahead of the week-long National Day holiday in China. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery lost 2.7 yen to settle at 182.7 yen ($1.6673) per kg.
"There was no fresh news, but TOCOM prices were dragged down by a slide in Shanghai futures," said Toshitaka Tazawa, an analyst at Fujitomi Co. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 200 yuan to finish at 12,120 yuan ($1,972) per tonne. The front-month rubber contract on Singapore's SICOM exchange for October delivery was last traded at 145.0 US cents per kg, down 2.3 cents.