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TOCOM rubber slips from more than 1-year high

TOCOM rubber slips from more than 1-year high

TOKYO:* Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, fell on Tuesday, pulling back from a more than one-year high hit in the previous session as other commodities like oil fell

* The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery  finished 0.6 yen lower at 205.6 yen per kg. The contract closed at above 106 on Monday, the highest since late January last year

* The most-active rubber contract on the Shanghai futures exchange for May delivery was recently quoted at 12,480 yuan per tonne, down 1.7 percent

* The U.S. dollar was quoted around 111.91 yen, compared with around 111.74 yen on Monday afternoon

* Oil prices were lower with Brent down by 0.4 percent and U.S. crude off by the same

* Japan’s benchmark Nikkei stock average closed down 0.4 percent

* TOCOM’s technically specified rubber (TSR) 20 futures contract for September delivery closed down 1.3 percent at 172 yen per kg

* The front-month rubber contract on Singapore’s SICOM exchange for April delivery recently traded at 148.1 U.S. cents per kg, up 0.5 percent.

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