TOKYO (June 26): Benchmark Tokyo rubber futures gained 0.4% on Monday, as firm oil prices and a rise in Shanghai futures provided support.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, edged up as oil prices rose 1 percent on a weaker dollar, but worries over sluggish rubber demand remained, dealers said.
The Tokyo Commodity Exchange rubber contract for November delivery finished 0.8 yen higher at 190.1 yen (US$1.71) per kg after touching 195.2 yen earlier, the highest since June 20.
The front-month contract for June delivery expired on Monday.
The most active rubber contract on the Shanghai futures exchange for September delivery rose 155 yuan to finish at 12,730 yuan (US$1,860) per tonne.
Singapore’s SICOM exchange was closed on account of a public holiday.
(US$1 = 111.3800 yen)
(US$1 = 6.8428 Chinese yuan)
