TOCOM rubber ends up 1.7% on firm Shanghai market

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TOKYO (Nov 13): Benchmark gained 1.7% on Monday, as a bullish Shanghai market improved sentiment, brokers said.

Tokyo Commodity Exchange () futures, which set the tone for prices in Southeast Asia, tend to follow the Chinese market for direction.

The Tokyo Commodity Exchange for delivery finished 3.3 yen higher at 201.9 yen ($1.78) per kg, after three straight sessions of declines.

The most active rubber contract on the for January delivery rose 295 yuan to finish at 14,155 yuan (US$2,130) per tonne.

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The front-month rubber contract on Singapore\’s exchange for December delivery last traded at 143 U.S. cents per kg, up 0.7 cents.

(US$1 = 113.4300 yen)
(US$1 = 6.6444 Chinese yuan)

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