Current Location: Home > NEWS > Financial Market > Page

Shanghai rubber retreats on July 26

Key Shanghai Futures Exchange (SHFE) rubber futures fell on Friday from early gains as investors take profits. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 55 yuan ($7.99) to finish at 10,765 yuan per tonne. For the week, Shanghai rubber rose 1%.

The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished at 183.4 yen ($1.69) per kg.

TOCOM's technically specified rubber (TSR) 20 futures contract for January delivery closed at 153.3 yen per kg.

The front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 140.8 US cents per kg, down 1%.

The US dollar was quoted around 108.67 yen, compared with around 108.62 yen on Thursday afternoon.

Oil prices edged higher on Friday on worries about Middle East tensions, though a flagging global economic growth outlook amid the US-China trade war capped gains. Japan's benchmark Nikkei stock average was down 0.45%.

Business Recorder