Tokyo rubber futures drop

September 11, 2013

Tokyo Rubber
Tokyo Rubber

Tokyo rubber futures dropped 2.3 percent on Tuesday to their lowest in nearly one week due to weaker oil prices that encouraged investors to liquidate contracts, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for February delivery fell 3.6 yen to settle at 282.4 yen per kg.

It dropped as much as 6.4 yen, or 2.3 percent, to 279.6 yen per kg, the lowest since September 5. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 365 yuan to end at 20,550 yuan per tonne. The front-month rubber contract on Singapore’s SICOM futures exchange for October delivery was last traded at 247 US cents per kg. Courtesy Reuters

Published in ZaraiMedia.com

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