Tokyo rubber futures dip

October 19, 2013

Tokyo Rubber
Tokyo Rubber

Benchmark Tokyo rubber futures fell for a third day on Friday as economic data from China failed to support the market that was weighed down by a higher yen. Rubber futures, however, ended with a weekly gain of about 1 percent as Washington averted an historic debt default. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for March delivery dropped 1.4 yen, or 0.5 percent, to settle at 267.4 yen ($2.74) per kg, after erasing some of its earlier losses.

The most-active rubber contract on the Shanghai futures exchange for January delivery fell 325 yuan, or 1.56 percent, to 20,445 yuan ($3,400) per tonne. The front-month rubber contract on Singapore’s SICOM exchange for November delivery last traded at 235.00 US cents per kg, up 0.9 cent.Courtesy Reuters

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