Tokyo December 7, according to news, TOCOM rubber futures closed down 0.5% on Tuesday, followed declines earlier today Hujiao trend down, but the stronger yen to bring downward pressure to the market.
U.S. dollar against the yen (82.65,0.0100,0.01%) hit three-week high, because of concerns about China's rate hike.
Bangkok market participants said, "Overall, the fundamentals still provide support for rubber, the supply tight and demand remains strong. The short term, prices are expected to fluctuate at a high level."
TOCOM benchmark May contract fell 1.8 yen rubber, to 376.2 yen per kg, from 372.8 yen a day low.
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