Rubber down

Benchmark Tokyo rubber futures extended declines on Friday and posted their first weekly fall in five weeks amid continued worries about demand, brokers said. The Tokyo Commodity Exchange rubber contract for May delivery finished 3 yen lower at 203.4 yen ($1.79) per kg, after hitting 202 yen earlier, the lowest since December 12.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 425 yuan, or 3 percent, to finish at 14,005 yuan ($2,130) per tonne. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.9 percent from last Friday, the exchange said on Friday.