Benchmark Tokyo rubber futures ended down on Wednesday as investors locked in profits from recent gains, taking a cue from weak Shanghai futures. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, pared early declines of more than 3 percent as the dollar held gains near a 3-1/2-week high after Federal Reserve Chair Janet Yellen signalled a faster pace of US interest rate hikes.
The Tokyo Commodity Exchange rubber contract for July delivery finished down 6.7 yen at 319.7 yen ($2.80) per kg.
The most-active rubber contract on the Shanghai futures exchange for May delivery dropped 340 yuan to finish at 21,550 yuan ($3,138) per tonne. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 227.40 US cents per kg, down 4.2 cents.
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