TOCOM rubber ends up 1.7% on firm Shanghai market

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

(TOCOM) futures, which set the tone for tyre prices in Southeast , 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 \’s SICOM 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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