Rubber plunges

03 Jun, 2017

Benchmark Tokyo rubber futures fell on Friday, touching a near seven-month trough, as Shanghai futures stayed at their lowest since at least 2005 while support from a weaker yen and stronger Nikkei capped the decline. The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery finished 4.7 yen, or 2.4 percent, lower at 194 yen ($1.74) per kg, after touching the lowest since November 10, 2016 at 192.3 yen. For the week, it fell 8.9 percent.
The most-active rubber contract on the Shanghai Futures Exchange for September delivery fell 80 yuan to finish at 12,405 yuan ($1,812) per tonne. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 144.0 US cents per kg, down 2.8 cents.

Read Comments