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TOKYO: Japanese rubber futures fell on Tuesday after the government said it would extend a state of emergency to deal with the COVID-19 pandemic, which is likely to constrain economic activity and hit demand for commodities.
Osaka Exchange’s rubber contract for July delivery finished down 3.7 yen, or 1.6%, at 232.3 yen per kg.
Japan is set to extend a state of emergency in Tokyo and other regions for another month on Tuesday, seeking to keep the upper hand over a COVID-19 outbreak even as daily case numbers begin to edge down.
The rubber contract on the Shanghai futures exchange for May delivery fell 0.4% to finish at 14,570 yuan per tonne.