Key Tokyo rubber futures inched up to a 1-1/2-month high on Wednesday on a weaker yen and a rise in Tokyo share prices, extending gains from the previous day. At 0050 GMT, the key Tokyo Commodity Exchange rubber contract for June delivery was up 1.4 yen or about 1 percent to 156.0 yen per kg. Traders said Tokyo rubber futures prices were also likely to draw support from firm oil and other commodity prices.
Tokyo rubber futures rose 6.6 percent to a 1-1/2-month high on Tuesday, buoyed by Shanghai rubber futures, which have hit their upside limit for three consecutive days. Trading in Shanghai rubber futures will be halted on Wednesday, the exchange said.
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