Tokyo rubber prices slip further on oil decline

Tokyo – Rubber was among a batch of commodities to take a cue from declining oil prices, amid active and volatile trading on the Tokyo Commodity Exchange (TOCOM) during January.

But unlike the "dramatic" fall in crude oil prices, the Nikkei TOCOM Rubber Index fell by just 1.2 percent month-on-month, to 70.61, the Japanese exchange reported 2 Feb.

Rubber trading activity was, though, at a high level: average trading volumes reaching 10,233, 9.9 percent higher than in December 2015 and 8.0 percent above the level recorded last January.