Rubber a tad lower

02 Jul, 2016

Benchmark Tokyo rubber futures finished Friday a tad lower on a stronger yen against the dollar, while slow Chinese factory activity data raised concerns over demand in the world's top rubber consumer. The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery finished 0.2 yen lower at 155.8 yen per kilogram. It was up 2.8 percent for the week, recovering from a dive a week ago after Britain voted to leave the European Union.
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.4 percent from last Friday, the exchange said. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 65 yuan to finish at 11,450 yuan per tonne.

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