Benchmark Tokyo rubber futures climbed 6.6 percent on Monday in their biggest percentage gain in more than two years, ending at a 10-day closing-high as the yen continued to slide after the Bank of Japan lost no time in launching its new easing policy. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM), for September delivery, rose 16.8 yen, or 6.6 percent, to settle at 270.3 yen per kg, the highest close since March 29.
The most-active rubber contract on the Shanghai Futures Exchange for September delivery advanced 275 yuan, or 1.2 percent, to finish at 21,735 yuan ($3,500) per tonne. The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 256.00 US cents per kg, up 7.2 cents.