Benchmark Tokyo rubber futures rebounded on Wednesday as some investors sought bargains, but gains were limited on continued economic concerns over top rubber consumer China, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished up 0.8 yen at 219.9 yen ($2.15) per kg. It fell to as low as 216.7 yen earlier.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 20 yuan to 14,690 yuan ($2,400) per tonne. The front-month rubber contract for March delivery on Singapore's SICOM exchange last traded at 179.40 US cents per kg, up 0.4 cent.
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