TOCOM rubber hits 1-week low on weak Shanghai futures

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(Feb 8): Benchmark hit a one-week low on Thursday as the market came under pressure from weak Shanghai , brokers said.

The for delivery finished 3.2 yen lower at 192.3 yen (US$1.75) per kg, despite a slightly weaker yen against the dollar.

The contract earlier fell to as low as 191.8 yen, the lowest since Feb. 1, which is just above a two-month low hit on Jan. 31.

The most-active rubber contract on the for May delivery fell 255 yuan to finish at 12,390 yuan (US$1,960) per tonne.

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’s natural and imports in January rose 36.7% from a year earlier to 697,000 tonnes, preliminary trade data showed on Thursday.

The front-month rubber contract on ’s SICOM exchange for March delivery last traded at 143 US cents per kg, down 3.6 cents.

(US$1 = 6.3221 Chinese yuan)
(US$1 = 109.6300 yen)

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