Tokyo Commodity Exchange (TOCOM) futures rose on Tuesday, snapping three sessions of losing streak, on bargain-hunting and a sharp recovery in Tokyo stock market, though gains were capped by continued fears over the coronavirus.
TOCOM’s rubber contract for August delivery finished 2.0 yen higher at 150.9 yen ($1.36) per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 65 yuan to finish at 9,760 yuan ($1,379) per tonne. The front-month rubber contract on Singapore’s SICOM exchange for April delivery last traded at 111.7 US cents per kg, up 1.0%.
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