Rubber falls

24 Oct, 2018

Benchmark Tokyo rubber futures fell on Tuesday as negative factors from Saudi Arabia's diplomatic isolation to worries about Italy's finances pressured Asian shares and commodities. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished 2.2 yen, or 1.3 percent lower at 167.1 yen ($1.49) per kg.
TOCOM's new technically specified rubber (TSR) 20 futures contract for April delivery fell 0.9 percent to close at 150.7 yen per kg. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 160 yuan to finish at 11,935 yuan ($1,721)per tonne. The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 132.1 US cents per kg, down 0.6 cent.

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