Tokyo rubber falls on weak Shanghai futures on June 14
Tokyo Commodity Exchange (TOCOM) futures fell on Friday on weak Shanghai futures as inventories rose. The benchmark TOCOM rubber contract for November delivery finished 2.6 yen ($0.0240) lower at 202 yen per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 245 yuan ($35.39) to finish at 11,970 yuan per tonne.
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.2% from the last release on May 31, the exchange said on Friday. TOCOM's technically specified rubber (TSR) 20 futures contract for December delivery closed down 1.2%. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 153.2 US cents per kg, down 0.8%. The US dollar was quoted around 108.19 yen, compared with around 108.37 yen on Thursday afternoon.
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