TOCOM rubber futures touched a two-week high, but gains were limited

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According to Bangkok, November 19, the Tokyo Commodity Exchange (TOCOM) rubber futures rose 2% to two-week high oil prices firmed and the yen to weaken to stimulate speculative buying, but traders said the gains are still subject to restrictions.

TOCOM benchmark April rubber futures contract rose 4.2 yen to settle at 252.6 yen per kilogram.

The contract intraday rose 2 percent to 253.4 yen per kilogram, the highest median level since November 5.

The most actively traded in Shanghai May rubber futures contract rose 345 yuan to 24,495 yuan per ton.

SICOM Singapore in recent months in December rose 1.3 cents to $ 2.80 per kilogram latest plastic.

Source: CRIA