Rubber futures fall by daily limit, pressured by oil

BANGKOK: Tokyo rubber futures lost ground on Friday, falling by their daily ¥10 limit on sales fuelled by declines in other commodities.

The benchmark rubber contract on the Tokyo Commodity Exchange for June delivery fell 4.1% to an intra-day low of ¥239.2 per kg before settling at ¥239.3 ($2.01) per kg.

The key factor hitting rubber prices was the near 9%-fall in oil prices, which dragged gold futures down more than 1.5%.