Rubber flat on Sept.28
Benchmark Tokyo rubber futures ended flat on Wednesday as profit-taking after sharp gains last week was offset by buying on the back of stronger Shanghai futures, while the yen's swing kept some investors on the sidelines. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished 0.1 yen higher at 164.6 yen ($1.63) per kg.
The TOCOM futures, which set the tone for tyre rubber prices in Southeast Asia, were hit by profit-taking in the last two sessions after a rally of more than 7 percent last week to four-month highs. The most-active rubber contract on the Shanghai Futures Exchange for January delivery soared 220 yuan to finish at 13,460 yuan ($2,017.45) per tonne. The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 134.7 US cents per kg, down 1.1 cent.
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