Rubber climbs

Benchmark Tokyo rubber futures climbed for a second day on Wednesday, recovering to a key 300 yen/kg level earlier in the session, as the yen's fall against the US dollar prompted fresh buying, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 3.4 yen, or 1.2 percent, higher at 297.2 yen ($2.62) per kg. It touched a 3-session high of 300.4 yen earlier in the day.
The January contract expired on Wednesday.
The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 216.9 US cents per kg, up 2.3 cent. "There was fresh buying in Tokyo after the yen retreated against the US dollar," said Jiong Gu, an analyst at Yutaka Shoji Co.