Tokyo Futures Fall 3 Pct On Weaker Oil, Physical Prices

Tokyo Commodity Exchange rubber contract for August delivery fell as much as 14.1 yen or 3.1 percent to 442.1 yen per kg, the lowest since Jan. 12.
The benchmark contract touched an all-time high around 535 yen in February.
The most active Shanghai rubber futures for May delivery ended on Monday (Mar 7) at 38,675 yuan a tonne, up from Friday's (Mar 4) close of 38,030 yuan.
Asian physical rubber prices dropped on Monday (Mar 7) as Tokyo futures extended losses after a recent rally to all-time highs.
U.S. crude futures for April delivery fell on Tuesday (Mar 8) after settling at the highest close since September 2008 at $105.44 a barrel the day before.
The euro struggled to make much headway early in Asia on Tuesday (Mar 8) after its rally stalled just above $1.40 overnight, helping an oversold dollar edge off four-month lows against a basket of major currencies.
(Reuters, March 8, 2011)