Benchmark Tokyo rubber futures extended declines on Tuesday as falls in oil prices, in the previous session, weighed on market sentiment. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, also came under pressure from weak Shanghai futures, brokers said.
The Tokyo Commodity Exchange rubber contract for April delivery finished down 0.4 yen at 183.1 yen ($1.74) per kg. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 70 yuan to finish at 14,100 yuan ($2,081) per tonne. The front-month rubber contract on Singapore's SICOM exchange for December delivery last traded at 148.10 US cents per kg, down 0.8 cent.
