BANGKOK: Tokyo rubber futures fell along with oil prices as investors took profit from a run to 5-month highs, but limited supply in the physical market was seen likely to push futures back up again.
The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery fell ¥1.3 yen, or 0.4%, to settle at ¥296.4 ($2.58) per kg, having climbed to 300 yen on Monday.
It fell as low as ¥293.7 as oil prices, which hit a record $93.80 on Monday as stormy weather disrupted supplies from big exporter Mexico, eased and encouraged players to sell Tocom rubber.
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