Tokyo rubber falls on profit-taking
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Tokyo rubber futures fell on Thursday as investors locked in profits after prices rose to a two-month high the previous day. The key Tokyo Commodity Exchange rubber contract for October delivery ended at ¥306.9 a kg, down ¥1.2 or 0.4 per cent from the previous day. It rose to an intraday peak of ¥308.9 on Wednesday, the highest level since March 6. It has gained about 4 per cent since the start of the month. Physical rubber prices were strong as rain in some of the producing region has disrupted tapping, causing supplies to tighten.
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Source : Business Line |
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