Benchmark Tokyo rubber futures snapped a five-session rally to head lower on Tuesday, pulling back from a more than two-month high in the previous day, as profit-taking and a decline in crude oil market pressured prices. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for November delivery dropped 1.3 yen, or 0.6 percent, to settle at 217.0 yen ($2.13) per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 30 yuan to finish at 15,285 yuan ($2,500) per tonne. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 179.30 US cents per kg, down 0.2 cents.
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