Tokyo rubber falls on weak Shanghai futures on July 23
Tokyo Commodity Exchange (TOCOM) futures fell on Monday, tracking weak Shanghai futures. The benchmark TOCOM rubber contract for December delivery finished 0.6 yen ($0.0056) lower at 184.5 yen per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 30 yuan ($4.36) to finish at 10,715 yuan per tonne. TOCOM's technically specified rubber (TSR) 20 futures contract for January delivery remained unchanged at 153.1 yen per kg.
The front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 143.2 US cents per kg, up 0.9%. The US dollar was quoted around 107.85 yen, compared with around 107.7 yen on Friday afternoon. Oil prices rose more than 2% on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. Japan's benchmark Nikkei stock average was down 0.23%.
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