Benchmark Tokyo rubber futures ended up 1.4 percent on Thursday, coming off a 14-month high hit earlier in the session due to profit-taking after the dollar pared gains, dealers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, rose for a third straight day on the back of a weaker yen, but came under profit-taking late in the session after the dollar retreated from a 12-year high.
The Tokyo Commodity Exchange rubber contract for November delivery finished 3.3 yen higher at 237.5 yen per kg. It rose as high as 242.9 yen, the highest since March 17, 2014. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 240 yuan to finish at 14,700 yuan per tonne after hitting a three-week high earlier. The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 159.50 US cents per kg, down 1.8 cent.
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