Tokyo Commodity Exchange (TOCOM) futures ended steady on Monday as optimism from fresh stimulus from the Bank of Japan to shore up economy was offset by continued worries about dwindling demand amid the coronavirus pandemic.
TOCOM's rubber contract for October delivery finished unchanged at 151.5 yen ($1.41) per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 55 yuan to finish at 9,935 yuan ($1,403) per tonne.
The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 109.2 US cents per kg, down 0.3%.
The BoJ expanded monetary stimulus on Monday and pledged to buy unlimited amount of bonds to keep borrowing costs low as the government tries to spend its way out of the deepening economic pain from the pandemic.
Some 2.97 million people have been reported to be infected by the novel coronavirus globally and 205,948 have died, according to a Reuters tally.
Japan's benchmark Nikkei stock average rose sharply on Monday as some better-than-expected earnings lifted the market sentiment.
The US dollar was quoted around 107.15 yen, compared with 107.65 yen in late Asia trade on Friday.
Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not come fast enough to fully offset the collapse in demand from the pandemic.
Source Business Recorder