Tokyo Commodity Exchange (TOCOM) futures ended higher on Friday, after touching a 1-1/2-week low earlier in the session, on position adjustments but they booked a two percent loss for the week amid worries over US-Sino trade talks. The benchmark TOCOM rubber contract for September delivery finished 1.4 yen, or 0.7 percent, lower at 188.5 yen ($1.68) per kg, after hitting the lowest since April 10 of 186.3 yen. For the week, it marked the first drop in three.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 60 yuan to finish at 11,470 yuan ($1,711) per tonne. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.5 percent from last Friday, the exchange said on Friday.
TOCOM’s technically specified rubber (TSR) 20 futures contract for October delivery closed up 0.3 percent at 169.0 yen per kg Many financial markets were closed for the Good Friday-Easter holiday. The US dollar was quoted around 111.92 yen, compared with around 111.86 yen on Thursday afternoon. Japan’s benchmark Nikkei stock average rose on Friday as investors snapped up cyclical stocks.