Tokyo rubber futures ended higher on Friday as rebounding oil prices lent support, but profit-taking ahead of the weekend limited gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for December delivery rose 3.0 yen to settle at 379.0 yen ($4.785) per kg.
The most-active rubber contract on Shanghai futures exchange for January delivery fell 10 yuan to finish at 35,370 yuan ($5,477) per tonne. Apart from technical factors, Tokyo futures prices were also weighed on by rising supply in the world's biggest rubber producer and exporter, Thailand, dealers said. Dealers said they expected TOCOM prices to rise further next week to test the major resistance of 380 again.
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