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Tuesday, June 6, 2023

Tokyo rubber futures end down 0.1 pct (Feb. 14)

TOKYO, Feb 14 (Reuters) – Benchmark Tokyo rubber futures fell 0.1 percent on Friday as the yen steadied around 102 yen, while market players cited a lack of risk appetite following recent large fluctuations in prices.

The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for July delivery fell 0.2 yen to settle at 225.4 yen ($2.21) per kg, capping the week with a 1.4 percent gain.

“There was no market-moving news,” said a Tokyo-based broker. “Volumes were small, and investors could not make large moves as we’ve seen a number of circuit breakers on both the upside and downside recently.”

The U.S. dollar stood around 102 yen, little changed from a day earlier.

Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 0.1 percent from last Friday, the exchange said on Friday.

The most-active rubber contract on the Shanghai futures exchange for May delivery fell 85 yuan to finish at 15,620 yuan ($2,600) per tonne.

The front-month rubber contract on Singapore’s SICOM exchange for March delivery last traded at 191.20 U.S. cents per kg, up 0.2 cents.

($1 = 6.0636 Chinese yuan)

($1 = 102.1650 Japanese yen)

(Reporting by Osamu Tsukimori; Editing by Prateek Chatterjee)

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