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Tokyo rubber slips on June 22

Tokyo Commodity Exchange (TOCOM) rubber futures slipped on Monday as a record rise in global Covid-19 infections raised more doubts about a swift economic recovery following the sharp downturn due to the pandemic.

TOCOM's rubber contract for November delivery finished 0。5 yen lower at 157。7 yen ($1。48) per kg。

The most-active rubber contract on the Shanghai futures exchange for September delivery fell 30 yuan to finish at 10,350 yuan ($1,463) per tonne.

The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 116。0 US cents per kg, down 0。2%。

The pandemic is accelerating globally, with the World Health Organization reporting a record increase in global coronavirus cases on Sunday.

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