Tokyo rubber falls on Sept.2
Tokyo Commodity Exchange (TOCOM) futures fell on Monday amid growing concerns over a slowing global economy after new Sino-US tariffs came into force. The benchmark TOCOM rubber contract for February delivery finished 0.6 yen ($0.0057) lower at 162.9 yen per kg. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 5 yuan ($0.7049) to finish at 11,750 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was up 35 yuan at 10,045 yuan per tonne.
TOCOM's TSR 20 futures contract for March delivery closed at 141 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 130.8 US cents per kg, down 0.1%. The US dollar was quoted around 106.2 yen, compared with around 106.29 yen on Friday afternoon. Oil prices weakened after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude. Japan's benchmark Nikkei stock average was down 0.41%.
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