Tokyo Commodity Exchange (TOCOM) futures fell on Tuesday, weighed down by lingering worries about oversupply and slower demand in top buyer China. The benchmark TOCOM rubber contract for March delivery finished 1.8 yen lower at 158.7 yen ($1.46) per kg. Chinese financial markets are closed between Oct. 1 and Oct. 7 for the National Day holiday and will reopen on Oct. 8. The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 126.9 US cents per kg, down 1.2%.
China on Monday warned of instability in international markets from any "decoupling" of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from US stock exchanges. The US dollar was quoted around 108.39 yen, compared with around 107.77 yen on Monday afternoon. Oil prices rebounded on reports that production at the world's largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.
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