Benchmark Tokyo rubber futures ended up 0.8 percent on Tuesday, snapping a two-session decline, on the back of a weaker yen against the dollar and strong overnight gains in oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have been mired in near two-month lows amid worries about slack demand by top consumer China due to its slowing economy.
The Tokyo Commodity Exchange rubber contract for September delivery finished 1.6 yen higher at 202.0 yen per kg, recovering from a nine-week low below 200 yen a day earlier.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 135 yuan, or 1.1 percent, to finish at 12,880 yuan per tonne.
The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 139.40 US cents per kg, down 0.5 cent.
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