Benchmark Tokyo rubber futures rose 0.1 percent on Thursday, helped by strength in Shanghai futures amid a better outlook for the world's No 2 economy. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for December delivery rose 0.2 yen to settle at 219.6 yen ($2.15) per kg.
Rubber is still trading not far off two-month highs, having risen in recent weeks on higher crude oil prices and improving economic data from top buyer China. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 160 yuan to finish at 15,360 yuan ($2,500) per tonne. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 178.00 US cents per kg, down 0.9 cent.
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