TOCOM rubber ends lower from opening price amid trade war worries

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(Sept 25): Benchmark futures for new March delivery closed lower from their opening price on Tuesday as a fresh round of US-China tariffs and a surge in prices to near four-year highs added to worries about risks to global growth.

“There are concerns about the US-China tariff war having a negative impact to Japanese automobile and ,” said a Japanese trading house.

The Tokyo Commodity Exchange contract for new March delivery opened at 170.8 yen (US$1.51) before finishing 0.9 yen lower at 169.9 yen per kg. earlier touched a three-week high of 11.2 yen.

The most-active rubber contract on the Shanghai futures exchange for January delivery rose 30 yuan to finish at 12,535 yuan (US$1,826) per tonne.

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The front-month rubber contract on Singapore’s exchange for October delivery last traded at 132.9 US cents per kg, down 0.4 cent.

(US$1 = 6.8631 Chinese yuan renminbi)
(US$1 = 112.9100 yen)

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