Tokyo rubber futures fall

Tokyo  (april 27, 2011) : key tokyo rubber futures fell on tuesday, hurt by a firmer yen and after shanghai rubber futures declined on fears of further monetary tightening in china. the benchmark tocom rubber futures for october delivery, which debuted on monday, fell nearly 3 percent to as low as 384.3 yen per kg, before settling at 389.9 yen per kg, down 6 yen or 1.5 percent.
the most active rubber contract on the shanghai commodity exchange for september delivery fell 370 yuan($56.680) per tonne to close at 32,900 yuan per tonne on tuesday. it fell as low as 32,620 yuan. volume stood at 630,100 lots. traders and analysts said the market was hit by concerns about further monetary tightening dampening demand in china, the world's largest consumer of rubber, and slack demand from car makers which have slashed production due to parts supply disruptions after last month's earthquake and tsunami. asian physical rubber prices also slipped on tuesday, dragged lower by the weakness in the tocom futures market.

(Source: http://www.brecorder.com/news/agriculture-and-allied/world/1182652:tokyo-rubber-futures-fall.html?hl=rubber)