Benchmark Tokyo rubber futures fell on Monday, dragged by lingering worries about increasing stocks in consuming nations such as Japan and China, the world's biggest rubber buyer, brokers said. Tokyo Commodity Exchange (TOCOM) futures traded not far from a two-year low, following the Bank of Japan's closely watched quarterly "tankan" survey of Japanese big manufacturers' business confidence, which worsened in June from three months ago, market sources said.
The Tokyo Commodity Exchange rubber contract for December delivery
finished 2.5 yen lower at 173.8 yen ($1.57) per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 90 yuan to finish at 10,445 yuan per tonne.
The new front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 132.60 US cents per kg, down 0.8 cent.