Key Tokyo rubber futures rose on Wednesday, supported by firm oil prices, but the market was capped by the yen's rise against the dollar. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery settled up 4.6 yen, or 1 percent, at 472.2 yen per kg, staying within sight of a record high of 484.9 yen hit last week.
The most active rubber contract for May delivery closed at 41,710 yuan per tonne on Tuesday, after rising as high as 41,790 yuan, just shy of a record high of 41,850 yuan hit on Monday.