Rubber prices moved lower in trading today, Friday (29/12/2017) and headed for annual decline.
The price of rubber for delivery in June 2018, the most-active contract on the Tokyo Commodity Exchange (Tocom), fell 1.34 percent or 2.80 points to 206.80 yen per kilogram at 10.03 pm.
Earlier, the May rubber futures contract opened up 0.24% at 206.80, after trading on Thursday (28/12) ended down 1.04% or 2.2 points to 209.60 yen per kg.
According to Gu Jiong Saito, an analyst at brokerage firm Yutaka Shoji in Tokyo, investors are attractively adjusting them ahead of the 2018 New Year holiday.
In addition, he added, the weakening also occurred due to the strengthening of the yen against the US dollar.
The yen appreciated by 0.08% or 0.09 points to 112.78 per US dollar at 11:40 pm.
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