Tokyo rubber futures ended 2 percent higher on Wednesday on the back of brighter Chinese data and rising stocks, but the upside was still limited by profit-taking, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for October delivery rose 5.5 yen, or 2 percent, to settle at 276.2 yen ($2.79)per kg. TOCOM prices jumped 8 percent to a 3-week high on Tuesday on the back of rising global stocks markets and strong US economic data.
The most-active rubber contract on Shanghai futures exchange for September delivery rose 680 yuan to finish at 20,505 yuan ($3,300) per tonne. The front-month June rubber contract on Singapore's SICOM exchange was last traded at 257.0 US cents per kg, up 5.9 cents.