Benchmark Tokyo rubber futures jumped on Tuesday, bouncing back from a nearly 2-week low hit the previous day, following stronger Shanghai futures and as some investors looked for bargains, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 7.5 yen, or 2.6 percent, higher at 293.8 yen ($2.60) per kg. On Monday, it had hit 282.3 yen, the lowest level since Jan. 11.
The most-active rubber contract on the Shanghai Futures Exchange for May delivery soared 285 yuan to finish at 20,240 yuan ($2,952.59) per tonne. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 212.6 US cents per kg, up 3.3 cents.
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