Benchmark Tokyo rubber futures plunged to their four-month low on Tuesday amid stronger risk-adverse mode, which boosted a safe-heaven yen against the dollar, and as weaker-than-expected US auto sales weighed on market sentiment. The Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finished down 8.3 yen, or 3.4 percent, at 236.7 yen ($2.14) per kg. Earlier in the session, it touched 231.0 yen, lowest since Dec. 2.
The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 178.8 US cents per kg, down 4.0 cents.