Key Tokyo rubber futures ended 1.4 percent higher on Wednesday after Thailand said it could intervene to push up rubber prices, with some investors expecting a further price rise on improvements in technical factors. The key Tokyo Commodity Exchange rubber contract for June delivery settled up 3.9 yen at 276.8 yen ($3.60) per kg, above the key 25-day moving average at 275 yen.
Thailand could buy up to 200,000 tonnes of unsmoked rubber to push up prices to 120 baht ($3.79) per kg, from around 95 baht now, after protests from farmers over low prices, government and farmers' officials said on Wednesday. The most active Shanghai rubber contract for May delivery also climbed, closing up 1.3 percent at 25,275 yuan ($4,000) per tonne. Volume stood at 892,958 lots.
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