Benchmark Tokyo rubber futures rose to a two-week high on Friday and posted their second straight weekly gain as firmer oil prices and a weaker yen sparked buying, while speculations that the major producers may extend their exports curb after August also lent support.
The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 5.6 yen, or 3.7 percent, higher at 158.2 yen ($1.55) per kg, after touching the loftiest since July 29 at 158.4 yen.
The most-active rubber contract on the Shanghai futures exchange for January delivery soared 360 yuan to finish at 13,035 yuan ($1,962) per tonne. The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 132.4 US cents per kg, up 1.1 cent.
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