Benchmark Tokyo rubber futures edged down on Tuesday as a firmer yen and a decline in the Japanese stock market index cooled investor sentiment amid selling pressure by foreign hedge funds that weighed on prices of the soft commodity, dealers said. The new benchmark Tokyo Commodity Exchange rubber contract for April delivery fell 1.6 yen, or 0.8 percent, from its opening price to finish at 197.3 yen ($1.8277) per tonne.
The most-active rubber contract on the Shanghai futures exchange for January delivery gained 95 yuan to close at 13,215 yuan ($2,162) per tonne. The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 157.70 US cents per kg, down 0.4 cents.
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