Benchmark Tokyo rubber futures rose for a second session on Tuesday, hitting their highest in nearly three weeks on the back of a recent weakness in the dollar against the euro, though the gains were capped by a decline in China's factory sector activity to an 11-month low, dealers said.
For the first two months of 2015, natural rubber imports tumbled 26.2 percent to 394,528 tonnes. The Tokyo Commodity Exchange rubber contract for August delivery settled up 2.8 yen, or 1.3 percent, at 216.9 yen per kg, after rising to as high as 217.8 yen, the highest since March 5.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 195 yuan to finish at 13,050 yuan per tonne, after touching an intraday three-week high of 13,275 yuan earlier.
The front-month rubber contract on Singapore's SICOM exchange for April delivery last traded at 142.90 US cents per kg, down 0.2 cent.
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