Print Print edition: 2017-03-04

Rubber down

Published March 4, 2017 Updated March 4, 2017 12:00am

Benchmark Tokyo rubber futures fell on Friday after two days of gains as worries about a supply shortage eased amid relatively high stockpiles in China, dealers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, ended the week with a 2.2 percent gain, helped in part by TOCOM's natural rubber stocks falling to the lowest in over six years.
The Tokyo Commodity Exchange rubber contract for August delivery finished 1.8 yen lower at 272.9 yen ($2.39) per kg.
The most-active rubber contract on the Shanghai Futures Exchange for May delivery rose 340 yuan to finish at 19,100 yuan ($2,769) per tonne.
The front-month rubber contract on Singapore's SICOM exchange for April delivery last traded at 213 US cents per kg, up 1.7 cents.