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Benchmark Tokyo rubber futures recovered from early falls on Friday and closed higher for the fourth straight session as investors looked for bargains. The Tokyo Commodity Exchange rubber contract for December delivery finished 1.1 yen, or 0.6 percent, higher at 176.3 yen ($1.59) per kg, the highest close in about 10 sessions. It fell to a low of 173.2 yen earlier in the session.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 25 yuan to finish at 10,575 yuan ($1,598) per tonne. The front-month rubber contract on Singapore’s SICOM exchange for July delivery last traded at 137.0 US cents per kg, down 3.4 cents.
