Japanese rubber slips

TOKYO: Japanese rubber futures slipped on Wednesday from a seventh-month high hit earlier this week, as doubts about a recovery from the coronavirus pandemic-induced economic slump crept into the market.

The Osaka Exchange rubber contract for February delivery was down 0.7 yen, or 0.4%, to 196 yen ($1.85) per kg by around 0230 GMT.

The rubber contract on the Shanghai futures exchange for January delivery was up 10 yuan at 12,800 yuan per tonne by 0249 GMT.