Benchmark Tokyo rubber futures fell 3 percent to a one-week low on Wednesday as investors unwound long positions taking cues from weaker regional stock markets and sliding oil prices amid persistent concerns over slowing growth in China, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for February delivery finished 5.3 yen, or 3 percent, lower at 169.1 yen ($1.41) per kg. It earlier hit a low of 167.0 yen, the lowest since August 25.
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.3 percent from last Friday, the exchange said on Wednesday. The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 122.5 US cents per kg, down 2.7 cent.