Benchmark Tokyo rubber futures edged higher on Thursday and posted their second straight session of gains, tracking Shanghai rubber. "It was just normal fluctuation. On the fundamentals side, prices are still under pressure as inventories remain high," said Tang Xiaonan, an analyst with JLC Network Technology Co Ltd. The Tokyo Commodity Exchange rubber contract for October delivery finished 1.4 yen higher at 189.9 yen per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 50 yuan to finish at 11,445 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 140.0 US cents per kg, down 0.1 cent.
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