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Markets Print edition: 2020-01-16

Tokyo rubber down

Published Updated

Tokyo Commodity Exchange (TOCOM) futures fell on Wednesday, tracking weak Shanghai futures, amid concerns over the Phase 1 trade deal between China and the United States, set to be signed in a few hours. TOCOM's rubber contract for June delivery finished 2.1 yen ($0.0191) lower at 205.7 yen per kg.

The most-active rubber contract on the Shanghai futures exchange for May delivery fell 100 yuan ($14.52) to finish at 13,195 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last down 75 yuan at 10,875 yuan per tonne.

The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 150.9 US cents per kg, down 0.7%.