Benchmark TOCOM rubber futures edged lower on Wednesday, weighed down by expectations of growing exports of the commodity from key producer Indonesia.
FUNDAMENTALS
* The Tokyo Commodity Exchange rubber contract for December delivery had fallen 0.8 yen to 200.7 yen ($1.79) per kg by 0017 GMT, after earlier touching its lowest since Friday at 200 yen.
* Indonesian rubber association executive Erwin Tunas said the country's 2017 rubber exports were seen at 2.7 million tonnes, compared with 2.63 million tonnes in 2016. He also said that 2017 rubber output was seen at 3.23 million tonnes, against 3.16 million tonnes in 2016.
MARKET NEWS
* Oil prices rose slightly on Tuesday as Saudi exports fell and solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of an OPEC-led supply reduction pact complicated the outlook.
* The U.S. dollar was quoted around 111.96 yen, compared with around 112.30 yen on Tuesday afternoon.
* Japan's benchmark Nikkei stock average was down 0.1 percent.
* Zinc prices fell back on Tuesday amidst profit-taking and producer selling, but copper and other base metals gained on worries about supply shortages
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