Benchmark Tokyo rubber futures extended sharp declines for a second session on Friday and hit two-month lows, again tracking Shanghai futures that tumbled to a 2-1/2-month low.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have been mostly tracking Shanghai futures in recent months.
"TOCOM followed Shanghai lower," said a Japanese trading source who declined to be identified.
The Tokyo Commodity Exchange rubber contract for March delivery finished 4 yen lower at 201.8 yen ($1.79) per kg, after touching 200.3 yen earlier, the lowest since Aug. 2.
For the week, the contract fell 4.1 percent, in its third consecutive weekly decline. It also marked a 7.7 percent decline for the month.
The most-active rubber contract on the Shanghai futures exchange for January delivery fell 530 yuan to finish at 13,495 yuan ($2,025) per tonne, after hitting a low of 12,905 yuan earlier, the lowest since July 12.
Chinese markets are closed next week due to a week-long National Day holiday starting on Sunday.
The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 141.90 U.S. cents per kg, up 0.8 cents.
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