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Markets Print edition: 2020-05-12

Tokyo rubber ends flat

Published Updated

Tokyo Commodity Exchange (TOCOM) rubber futures ended flat on Monday as worries over slumping tyre demand from automakers countered optimism fuelled by phased reopening of coronavirus-induced lockdowns globally.

TOCOM's rubber contract for October delivery finished 0.1 yen higher at 152.8 yen ($1.43) per kg.

The most-active rubber contract on the Shanghai futures exchange for September delivery fell 25 yuan to finish at 10,335 yuan ($1,459) per tonne.

The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 108.8 US cents per kg, down 0.7%. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.1% from last release on April 30, the exchange said on Friday. Australia, France and Spain are slowly opening their economies, while the United Kingdom - which has the second-highest virus death toll in the world - introduced some limited easing of restrictions.