Benchmark Tokyo rubber futures hit their highest in a week on Monday, helped by a weaker yen against the US dollar, stronger Shanghai futures and firm oil prices, dealers said. The dollar, which briefly sank below 110.00 yen to a seven-week low last week, was steady at 110.695 yen.
The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished up 5.2 yen, or 2.5 percent, at 212.0 yen ($1.9) per kg. Earlier in the session, it hit 213.1 yen, its highest since July 28. The most-active rubber contract on the Shanghai futures exchange for January delivery surged 480 yuan to finish at 16,030 yuan ($2,386) per tonne. The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 150.5 US cents per kg, up 1.8 cent