Rubber down

Benchmark Tokyo rubber futures ended down for a fourth straight session on Friday, erasing early gains, in line with Shanghai futures, as risk appetite remained low just days ahead of the US presidential race, brokers said. TOCOM erased early gains of around 1.5 percent as Shanghai futures pared strong overnight gains. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.3 percent from last Friday, the exchange said on Friday.
The Tokyo Commodity Exchange rubber contract for April delivery finished 0.2 yen lower at 177.8 yen ($1.72) per kg, ending the week 3.3 percent lower, marking the first decline in two weeks. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 35 yuan to finish at 13,760 yuan ($2,035) per tonne. The front-month rubber contract on Singapore's SITCOM exchange for December delivery last traded at 147 US cents per kg, down 0.8 cent.