Japan TOCOM March Rubber Deliveries Highest Since Jan 2007

Deliveries against the March rubber futures contract on the Tokyo Commodity Exchange jumped 50 percent from February to 466 lots or 2,330 tonnes, the exchange said on Friday (Mar 25), the highest since 516 lots of deliveries in January 2007.
February deliveries were 310 lots or 1,550 tonnes.
The March TOCOM rubber futures contract expired at 446.4 yen per kg, down 14 percent from February contract's 518.8 yen expiry price.
The benchmark August contract settled down 6.8 yen or 1.6 percent at 429.6 yen.
The newly listed September contract will be the benchmark when it starts trading on Monday (Mar 28).
(Reuters, March 25, 2011)