TOCOM rubber ends little changed in line with Shanghai

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TOKYO (Dec 13): Benchmark Tokyo rubber futures ended little changed on Wednesday, in line with Shanghai futures, brokers said.

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have been down in the doldrums amid worries over demand after hitting a more-than-two-month high of 211.2 yen last week following a fire at a warehouse in China.

The Tokyo Commodity Exchange rubber contract for May delivery finished 0.2 yen higher at 204.2 yen (US$1.80) per kg.

The most-active rubber contract on the Shanghai futures exchange for May delivery fell 35 yuan to finish at 14,080 yuan (US$2,127) per tonne.

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The front-month rubber contract on Singapore’s SICOM exchange for January delivery last traded at 141.90 US cents per kg, down 1.4 cent.

(US$1 = 113.4200 yen)
(US$1 = 6.6205 Chinese yuan)

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