Benchmark Tokyo rubber futures pared losses by the close on Thursday, reflecting a rebound in Shanghai counterparts and global oil prices. The Tokyo Commodity Exchange rubber contract for December delivery finished 1 yen lower at 196.5 yen ($1.73) per kg after touching a near one-week low of 193.5 yen in early trade. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 75 yuan to finish at 12,900 yuan ($1,896) per tonne, after hitting near a one-week low touched on Tuesday.
The front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 147.90 US cents per kg, down 0.7 cent.