TOCOM ENDS LOWER AS OIL PRICES FALL, YEN RISES
2016-8-3 16:01:31Editor：AmandaFont Size：Big Medium Small
Benchmark Tokyo rubber futures ended down 1.2% on Tuesday, as the market came under pressure from a fall in oil prices and a stronger yen against the dollar.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, were pressured after oil prices tumbled more than 3% overnight as fuel markets continued to be dogged by excess production.
The Tokyo Commodity Exchange rubber contract for January delivery finished 1.8 yen lower at 154.1 yen (US$1.51) per kg.
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