Japan rubber futures extend slide on easing Thai flood concerns

TOKYO: Japanese rubber futures fell for a third consecutive session as Thai flood-related supply concerns eased and inventories continued to build.

The Osaka Exchange (OSE) rubber contract for May delivery was down 2.8 yen, or 0.85%, at 325.5 yen ($2.09) per kg, as of 0245 GMT. The rubber contract on the Shanghai Futures Exchange (SHFE) for

May delivery dipped 100 yuan, or 0.65%, to 15,190 yuan per metric ton.

The most-active January butadiene rubber contract on the SHFE gained 105 yuan, or 1%, to 10,630 yuan per metric ton.

The yen was steady at 155.70 per dollar, with bets

firming on a Japanese interest rate hike this month.

A stronger currency makes yen-denominated assets less affordable to overseas buyers.

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