Tokyo rubber falls on weak oil prices

25 Apr, 2019

Tokyo Commodity Exchange (TOCOM) futures fell on Wednesday on weak oil prices, tracking Shanghai futures. The benchmark TOCOM rubber contract for October delivery finished 0.2 yen ($0.0018) lower at 189.6 yen per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 75 yuan ($11.17) to finish at 11,475 yuan per tonne.
TOCOM's technically specified rubber (TSR) 20 futures contract for October delivery closed down 0.2 yen at 168.4 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 150.8 US cents per kg, down 0.2 percent
The US dollar was quoted around 111.82 yen, compared with around 111.86 yen on Wednesday afternoon. Oil prices fell on Wednesday amid signs that global markets remain adequately supplied, despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran. Japan's benchmark Nikkei stock average ended down 0.27 percent.

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