Benchmark Tokyo rubber futures ended up 5.5 percent on Wednesday, rebounding from a seven-year low and helped by Thailand's plans to buy rubber above-market prices to support farmers. "The market has gotten support from the Thai (purchase) plan," said a source with a Tokyo-based dealer. "This had been said to occur from before, but it still sparked some buy-back overall." The Tokyo Commodity Exchange rubber contract for June delivery finished 8.1 yen higher at 155 yen per kg after rising as high as 155.3 yen.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 155 yuan to finish at 9,850 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 108.1 US cents per kg, up 0.3 cent.
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