Rubber drops

21 Jul, 2024

SINGAPORE: Japanese rubber futures rose on Friday amid a weaker yen, although the market logged its biggest weekly drop in a month due to lack of fresh stimulus announcements from top consumer China.

The Osaka Exchange (OSE) rubber contract for December delivery closed up 1.8 yen, or 0.57%, at 319.0 yen ($2.02) per kg. It lost 1.82% this week, its sharpest weekly drop since June 17.

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