Benchmark Tokyo rubber futures fell on Tuesday, sliding from a two-week high hit earlier in the session, as investors took profits after a three-day rally and after Shanghai futures gave up some early gains.
"Investors in Tokyo wanted to unwind their positions well ahead of a long weekend," said Toshitaka Tazawa, analyst at Fujitomi Co.
Japanese markets will be closed on Friday for a national holiday.
The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 2.2 yen, or 1 percent, lower at 209.8 yen ($1.9) per kg. It earlier hit 215.3 yen, the highest since July 26.
"Selling pressure also kicked in after Shanghai ran out of steam," Tazawa said.
The most-active rubber contract on the Shanghai Futures Exchange for January delivery rose 120 yuan to finish at 16,070 yuan ($2,397) per tonne, declining from an earlier peak of 16,240 yuan.
"The TOCOM is expected to hover between 190 and 210 yen for a while," Tazawa said.
The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 151.2 U.S. cents per kg, down 0.3 cent
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