The November ribbed smoked sheet rubber 3 grade futures contract on the Tokyo Commodity Exchange expired Tuesday at Y238 a kilogram, with 116 lots delivered.
The expiry price was Y8 higher than the previous settlement, but Y7 lower than the expiry price of Y245/kg for October.
The October contract expired last month with 92 lots delivered. Each lot is five metric tons.
Tocom didn't provide any information on the buyers and sellers.
C-Com November Rubber Expires at Y239/Kg; 8 Lots Delivered
The November ribbed smoked sheet rubber 3 grade futures contract on the Central Japan Commodity Exchange expired Tuesday at Y239/kg a kilogram, with eight lots tendered.
The expiry price was Y4 higher than the previous settlement and Y6.1 lower than the October expiry price of Y245.1/kg.
Futures commission merchant Okachi Co. was the highest delivery maker, selling seven lots. Orion Koeki Co. was the largest buyer, purchasing six lots.
One lot of rubber is equivalent to five metric tons.
(Source: http://irco.biz)
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