TOKYO (Nov 7): Benchmark Tokyo rubber futures hit their highest in nearly a month on Tuesday, helped by a firm Shanghai market.
Shanghai futures were trading just off a five-week high hit a day earlier. Supply concerns due to floods that damaged rubber plantations in southern Vietnam also supported the market.
The Tokyo Commodity Exchange rubber contract for April delivery finished up 1 yen at 206 yen (US$1.81) per kg, after touching 207 yen earlier, the highest since Oct 10.
The most active rubber contract on the Shanghai Futures exchange for January delivery fell 5 yuan to finish at 13,990 yuan (US$2,111) per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for December delivery last traded at 145.30 U.S. cents per kg, down 1.2 cent.
(US$1 = 114.0500 yen)
(US$1 = 6.6262 Chinese yuan)
