Tokyo Commodity Exchange (TOCOM) rubber futures fell on Friday but posted a weekly gain as optimism mounted over economic growth in China, the biggest buyer of the commodity, and progress on U.S.-Chinese trade talks
The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finished 1.6 yen, or 0.9 percent, lower at 184.7 yen per kg.
The U.S. dollar was quoted around 111.67 yen, compared with around 111.65 yen on Thursday afternoon
Oil prices were down with Brent falling 0.3 percent and U.S. crude off by 0.2 percent.
Japan’s benchmark Nikkei stock average ended the day 0.4 percent higher
TOCOM’s technically specified rubber (TSR) 20 futures contract for October delivery closed down 1.3 yen at 167.2 yen per kg
The front-month rubber contract on Singapore’s SICOM exchange for May delivery recently traded at 149 U.S. cents per kg, down 0.1 percent.
The Shanghai Futures exchange was closed on Friday for the Tomb Sweeping Day holiday.
