Benchmark Tokyo rubber futures rose on Friday as gains on Wall Street boosted investor risk appetite, but posted losses for the week and the month on continued decline in the Shanghai market as speculators unwound their long positions. The Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finished 3.5 yen, or 1.4 percent, higher at 245.0 yen ($2.19) per kg.
It fell 1 percent for the week and 8 percent for the month. For the quarter, it declined 7 percent after jumping more than 60 percent in the previous three-month period. The most-active rubber contract on the Shanghai Futures Exchange for September delivery dropped 70 yuan to finish at 16,335 yuan ($2,371) per tonne. The front-month rubber contract on Singapore's SICOM exchange for April delivery last traded at 173.5 US cents per kg, down 2.4 cents.
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