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Markets

TOCOM falls despite rise in Shanghai futures

Published Updated

BEIJING: * Tokyo Commodity Exchange (TOCOM) futures reversed early gains to settle lower on Tuesday.

* The benchmark TOCOM rubber contract for September delivery finished 0.3 yen ($0.0027) lower at 189 yen per kg.

* The most-active rubber contract on the Shanghai futures exchange for September delivery rose 5 yuan  ($0.7444) to finish at 11,540 yuan per tonne.

* The U.S. dollar was quoted around 111.87 yen, compared with around 111.93 yen on Monday.

* Oil prices hit 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

* Japan's benchmark Nikkei stock average was up 0.19 percent.

* TOCOM's technically specified rubber (TSR) 20 futures contract for October delivery closed down 1.2 yen at 168.6 yen per kg.

* The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 151 U.S. cents per kg, down 0.1 percent.

Copyright Reuters, 2019

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