✕
Markets

TOCOM falls nearly 3 pct, shrugging off exporters' agreement

Published Updated

* The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery  finished 5.7 yen lower, or 2.8 percent, at 198.9 yen per kilogram

* The International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia, and Malaysia, agreed on Wednedsay to curb export by a combined 240,000 tonnes for four months starting April

* The most-active rubber contract on the Shanghai futures exchange for May delivery fell 275 yuan to 12,215 yuan per tonne.

* The U.S. dollar was quoted around 111.71 yen, compared with around 111.75 yen on Wednesday

* U.S. crude prices were little changed, while Brent  gained 0.2 percent

* Japan's benchmark Nikkei stock average closed down 0.7 percent

* TOCOM's technically specified rubber (TSR) 20 futures contract for September delivery closed down 2.8 percent at 167.2 yen per kg

* The front-month rubber contract on Singapore's SICOM exchange for April delivery recently traded at 144.6 U.S. cents per kg, down 2.2 percent.

Copyright Reuters, 2019