Tokyo rubber futures fall on June 18
Tokyo Commodity Exchange (TOCOM) futures fell on Tuesday, tracking weak Shanghai futures as flat demand and growing concerns over China's economy weighed on prices. The benchmark TOCOM rubber contract for November delivery finished 2.5 yen ($0.0231) lower at 200 yen per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 35 yuan ($5.05) to finish at 11,860 yuan per tonne.
TOCOM's technically specified rubber (TSR) 20 futures contract for December delivery closed down 1.4 yen at 162.2 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 151.6 US cents per kg, down 0.4%. The US dollar was quoted around 108.30 yen, compared with around 108.55 yen on Monday afternoon.
Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China trade war, although losses were limited by tensions in the Middle East after last week's tanker attacks. Japan's benchmark Nikkei stock average was down 0.72%.
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