Tocom rubber futures settle 1.9% higher on a weak yen and as political uncertainty in major producer Thailand adds to current supply concerns due to the rainy season.
Also providing a boost is Japan’s domestic sales of new cars, trucks and buses in November, which increased 13.3% on year from comparatively low levels when demand sagged after the termination of government buying incentives for fuel-efficient vehicles.
Benchmark May rubber settles Y5.1 higher at Y275.3/kg, off the two-month high of Y276.8/kg.
Source: Dow Jones
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