TOKYO (Commodity Online): With the fall in Brent crude oil prices, the Rubber futures in Tokyo Commodity Exchange (TOCOM) dropped for the second straight day on Thursday.
In TOCOM, rubber for November delivery traded down 7.8 yen to 244.4 yen per Kg and but in India’s National Multi Commodity Exchange (NMCE), the commodity is trading marginally higher.
According to reports, the fall in crude oil price has made the synthetic rubber cheaper than natural rubber in the Market.
In New York Mercantile Exchange (NYMEX), crude oil traded at USD 84.03 per barrel.
In TOCOM, rubber for July delivery traded down 3.5 yen to 251 yen per Kg and In NMCE, the commodity for August delivery traded up to Rs 18620 per ton on 21st June at 10:55 IST.
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