TOKYO (Jan 19): Benchmark Tokyo rubber futures ended down 1.3% on Friday, weighed down by a stronger yen against the dollar and weak Shanghai futures, brokers said.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, posted a weekly decline, stepping further away from a 3½-month high hit earlier this week.
The dollar eased 0.2% to 110.86 yen, with its rebound from Wednesday’s four-month low of 110.19 fading despite the rise in US debt yields.
The Tokyo Commodity Exchange rubber contract for June delivery finished 2.8 yen lower at 209.2 yen (US$1.89) per kg, posting a weekly decline of 0.6%.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 135 yuan to finish at 14,065 yuan per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for February delivery last traded at 153.1 US cents per kg, up 0.4 cent.
(US$1 = 110.8700 yen)
