The Tokyo Commodity Exchange rubber contract for March delivery finished 5.4 yen lower at 201.8 yen (US$1.79) per kg after hitting 200.4 yen, the lowest since Sept 29. Japanese markets were closed on Monday for a national holiday.
Rubber inventories at TOCOM warehouses stood at 2,705 tonnes as of Sept 30, down from 2,836 tonnes on Sept 20, according to the bourse.
The most-active rubber contract on the Shanghai futures exchange for January delivery fell 25 yuan to finish at 13,315 yuan (US$2,019) per tonne, staying not far from a three-month low.
China will have no problem meeting its economic growth target of around 6.5% this year, and may even beat it, the head of the Statistics Bureau said on Tuesday, confirming widespread market expectations.
The front-month rubber contract on Singapore’s SICOM exchange for November delivery last traded at 144.90 US cents per kg, down 0.8 cents.
(US$1 = 112.6300 yen)
(US$1 = 6.5951 Chinese yuan)