Benchmark Tokyo rubber futures rebounded on Monday as investors looked for bargains after seeing a fourth straight week of losses last week, but trade was thin as all eyes were on China's GDP, due Wednesday, for clues on the outlook for the top buyer. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for September delivery rose 0.3 yen to settle at 214.0 yen ($2.11) per kg.
The contract finished last week down 4.2 percent, with the declines over the past four weeks totalling 11 percent. The most-active rubber contract on the Shanghai futures exchange for September delivery fell 200 yuan to finish at 14,945 yuan ($2,400) per tonne. The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 177.00 US cents per kg, down 2.30 cents.
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