RUBBER-Japan futures fall from 10-month high on lower oil prices

By Ruth Chai

Jan 15 (Reuters) -

• Japanese rubber futures slid on Thursday from a 10-month peak hit in the previous session, as profit-booking ahead of the weekend and a decline in oil prices weighed on prices.

• The Osaka Exchange (OSE) rubber contract for June delivery JRUc6, 0#2JRU: was down 2.8 yen, or 0.78%, at 354.1 yen ($2.23) per kg.

• The rubber contract on the Shanghai Futures Exchange (SHFE) for May delivery SNRv1 lost 215 yuan, or 1.33%, to 15,995 yuan ($2,294.57) per metric ton.

• The most-active March butadiene rubber contract on the SHFE SHBRv1 fell 0.53 yuan, or 0.53%, to 12,190 yuan per ton.

• Investors appeared to have booked profits and engaged in de-risking ahead of the weekend, an analyst told Reuters.

• Oil prices slid more than 2% on Thursday after U.S. President Donald Trump said killings in Iran's crackdown on nationwide protests were stopping, tempering concern over military action against Iran and supply disruption. O/R

• Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil.

• In addition, the yen JPY=EBS rebounded after hitting 18-month lows as markets remained cautious over intervention risks after strong verbal warnings from Japanese officials ahead of a national election. USD/

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

• The front-month rubber contract on Singapore Exchange's SICOM platform for February delivery STFc1 last traded at 182.9 U.S. cents per kg, down 1.2% as of 0700 GMT.

• ($1 = 6.9708 yuan)

• ($1 = 158.5800 yen)