The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for February delivery slid on Wednesday, retreating from a nearly one-month high hit the previous session, as investors unwound long positions after a plunge in oil prices. It was down 2.7 yen, or 1.6%, at 170.3 yen ($1.57) per kg, as of 0026 GMT.

Key Shanghai futures ended overnight trading down 1.7% at 11,915 yuan ($1,680) per tonne. TOCOM's technically specified rubber (TSR) 20 futures contract for March delivery was down 3.2% at 153.9 yen per kg, reversing from a nearly 13% jump the previous day.

The front-month rubber contract on Singapore's SICOM exchange for October delivery settled at 134.9 US cents per kg on Tuesday, up 0.5% from the previous session.

Copyright Reuters, 2019