Tokyo rubber futures ended higher on Wednesday on firm oil prices, but the upside was capped by profit-taking in thin trade, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery was up 0.2 yen to settle at 234.1 yen ($2.29) per kg.
"TOCOM prices get support from rising oil prices, but the market lacked a follow-through buying force because trading volume was thin and that prevented prices from rising substantially higher," said a Bangkok-based dealer. The most-active rubber contract on the Shanghai futures exchange for May delivery was up 15 yuan to finish at 16,190 yuan ($2,700) per tonne. The front-month March rubber contract on Singapore's SICOM exchange was last traded at 196.1 US cents per kg, down 1.1 cents.
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