Tokyo Commodity Exchange (TOCOM) futures fell, as renewed trade tension between China and the United States continued to weigh on markets. The benchmark TOCOM rubber contract for October delivery finished 1.8 yen ($0.0163) lower at 189 yen per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 10 yuan ($1.48) to finish at 11,845 yuan per tonne.
TOCOM's technically specified rubber (TSR) 20 futures contract for November delivery closed down 1.9 yen at 164.4 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 149.4 US cents per kg, down 0.7 percent.
United States President Donald Trump unexpectedly ratcheted up pressure on China on Sunday, potentially ending a trade truce between the world's top two economies that lasted for several months.
Comments
Comments are closed.