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Tokyo rubber futures up four percent

Benchmark Tokyo rubber futures ended up 4pc on Monday as news of Thailand's plan to spend over $180 million to buy rubber to support prices helped support the market, dealers said on Monday. The Tokyo Commodity Exchange rubber contract for May delivery finished 8 yen higher at 203.9 yen per kg, after briefly touching a one-week high of 204.6. The most-active rubber contract on the Shanghai futures exchange for May delivery rose 280 yuan to finish at 12,455 yuan per tonne.

Copyright Reuters, 2014


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