TOKYO: Japanese rubber futures fell on Thursday, snapping a 5-day rally, as investors took profits after prices hit a 1-1/2-month high, and amid fears of a resurgence in Covid-19 cases in Europe slowing global economic recovery.
Osaka Exchange's (OSE) rubber contract for March delivery finished 4.8 yen lower at 197.3 yen ($1.87) per kg. It rose as much as 204.1 yen, the highest since Aug. 31 earlier in the session.
The most-active rubber contract on the Shanghai futures exchange for January delivery rose 15 yuan to finish at 13,320 yuan ($1,978) per tonne. It hit 13,485 yuan, the highest since Jan. 2018, earlier in the session.
The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 148.9 US cents per kg, down 0.2%. It climbed to 150.5 yen earlier in the session, topping a key 150 yen level for the first time since January.