Rubber climbs

Benchmark Tokyo rubber futures climbed on Wednesday as investors unwound short positions following gains in Shanghai futures and on hopes for Thailand's efforts to support prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 1.4 yen higher at 214.3 yen ($1.93) per kg, moving away from a one-week low of 206.5 yen hit early Tuesday.
The most-active rubber contract on the Shanghai futures exchange for January delivery rose 220 yuan to finish at 16,265 yuan ($2,430) per tonne. The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 153.5 US cents per kg, up 0.7 cents.