By Vibhuti Agarwal
Asian rubber prices ended weaker Wednesday weighed down by losses in Tokyo and Shanghai futures.
Benchmark Tokyo rubber future prices dropped sharply, hurt by heavy investor selling. "Prices came under heavy pressure as investors resorted to heavy selling," said Kaname Gokon of Okato Shoji brokerage in Tokyo.
The Tokyo Commodity Exchange rubber contract for September delivery ended Y9.9 lower at Y203 per kilogram.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 450 yuan lower to settle at 14,330 yuan per ton.
Asian Rubber Futures
April 19 Change from previous close
Tocom Sep RSS3 Y203.0/Kg Down Y9.9
Shanghai Sep SCR5 CNY14,330/ton Down CNY450
Sicom May RSS3 212.0 US cents/Kg Down 0.5 US cents
Sicom Sep TSR20 155.5 US cents/Kg Up 0.5 US cents
USS May THB67.51-THB67.81/Kg THB68.39/Kg
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(END) Dow Jones Newswires
April 19, 2017 09:14 ET (13:14 GMT)
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