Tokyo rubber falls

03 Feb, 2017

Benchmark Tokyo rubber futures fell for a third straight session on Thursday to end down 1.7 percent, hurt by a stronger yen, after having touched their highest level in more than five years earlier this week. The Tokyo Commodity Exchange rubber contract for July delivery finished 5.4 yen lower at 310.1 yen ($2.75) per kg. The benchmark has fallen 11.8 percent in the past three sessions after hitting its highest since September 2011 on Monday.
The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 225 US cents per kg, down 4 cents.

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