TOCOM rubber ekes out small gain after 2 sessions of losses

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(July 12): snapped two straight sessions of falls on Thursday, on the back of firm Shanghai .

Stocks and commodities recovered slightly, but the gains were limited amid fears of an escalation in the U.S.- trade war, sources said.

“The markets had some time to digest the latest trade war developments and are poised to begin consolidation,” said Masahiro Ichikawa, a senior strategist at Sumitomo Mitsui Asset Management.

The Tokyo Commodity Exchange for December delivery finished 0.6 yen higher at 172.6 yen (US$1.54) per kg.

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The most active rubber contract on the for September delivery rose 60 yuan to finish at 10,355 yuan (US$1,554) per tonne.

The front-month rubber contract on Singapore’s SICOM exchange for August delivery last traded at 130.3 U.S. cents per kg, up 0.6 cent.

(US$1 = 112.3000 yen)
(US$1 = 6.6633 Chinese yuan)

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