TOKYO (Dec 21): Benchmark Tokyo rubber futures ended down 0.7% on Thursday, coming under pressure from a decline in Shanghai futures, brokers said.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, ended about 2% off a near two-week high hit on Monday amid lingering worries over global demand.
Thailand’s customs-cleared rubber exports surged 61% in November, commerce ministry data showed on Thursday.
The Tokyo Commodity Exchange rubber contract for May delivery finished 1.5 yen lower at 206.4 yen (US$1.82) per kg.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 95 yuan to finish at 14,365 yuan (US$2,186) per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for January delivery last traded at 144.10 US cents per kg, down 1.3 cent.
(US$1 = 113.4200 yen)
(US$1 = 6.5719 Chinese yuan)
