Tokyo's new benchmark rubber futures edged higher on Tuesday as investors looked for bargains after the market hit the lowest since October 2016 the previous day, but lingering worries over oversupply capped gains. The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery finished at 172.5 yen ($1.57) per kg, up 0.9 yen, or 0.5 percent, from an opening price of 171.6 yen.
The TOCOM has fallen about 15 percent over the past month. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 5 yuan to finish at 10,485 yuan ($1,596) per tonne.
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