Benchmark Tokyo rubber futures rose to a 2-week high on Wednesday, following a mid-day gain in Shanghai futures, but trade was lacklustre and further gains were capped on profit-taking, dealers said. The TOCOM rubber contract for July delivery finished 1.2 yen higher at 202.2 yen per kg. It earlier climbed to as much as 203.9 yen, the highest since January 13.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose to as high as 13,455 yuan per tonne before retreating to finish at 13,280 yuan per tonne, down 25 yuan. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 139.50 US cents per kg, down 0.90 cent.
Comments
Comments are closed.