Benchmark Tokyo rubber futures rose 0.2 percent on Tuesday, helped by a weaker yen and firm Shanghai futures, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for January delivery rose 0.4 yen to settle at 197.9 yen ($1.93) per kg. The contract rose to as high as 199.0 yen during the session, rebounding from near a 10-week low of 195.0 hit on Monday.
"The dollar/yen rose and helped (TOCOM) rubber recover the 198 yen level," said Kaname Gokon, general manager of research at brokerage Okato Shoji in Tokyo. The most-active rubber contract on the Shanghai futures exchange for January delivery rose 90 yuan to finish at 14,980 yuan. The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 163.40 US cents per kg, up 0.1 cent.
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