Benchmark Tokyo rubber futures rose 4.3 percent on Monday to a 10-month high as a weaker yen and strength in commodities and the stock market spurred buying. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for July delivery rose 9.8 yen to settle at 333.3 yen ($3.60) per kg.
The contract jumped as high as 337.4 yen, or 4.3 percent, to an intraday high of 337.4 yen, the highest for any benchmark since March 29, 2012. The most-active rubber contract on the Shanghai futures exchange for May delivery rose 490 yuan to finish at 26,780 yuan ($4,300) per tonne. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded unchanged at 311.50 US cents per kg.
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