Tokyo rubber futures posted a second week of gains and rose to their highest in two months on Friday on the back of firm oil prices and brighter economic indicators in China, the world's biggest rubber consumer, dealers said on Friday. The Tokyo Commodity Exchange rubber contract for November delivery rose 3.8 yen to settle at 212.7 yen ($2.08) per kg, having hit an intraday high of 213.0 yen, the highest since April 18. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 375 yuan to finish at 14,965 yuan ($2,400) per tonne.
The front-month rubber contract on Singapore's SICOM exchange for July delivery was last traded at 173.0 US cents per kg, up 0.9 cent.
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