Benchmark Tokyo rubber futures rose on Tuesday, recovering from a near four-month low hit earlier in the session, as investors looked for bargains and on early gains in Shanghai futures. The Tokyo Commodity Exchange (TOCOM) rubber contract for new September delivery finished at 238.2 yen ($2.15) per kg, up 2.9 yen, or 1.2 percent, from an opening price of 235.3 yen, which was Monday's low and the weakest since December 5.
The most-active rubber contract on the Shanghai Futures Exchange for September delivery rose to as high as 16,550 yuan ($2,404) per tonne in early trade, before coming under pressure to close 90 yuan lower at 16,235 yuan. The front-month rubber contract on Singapore's SICOM exchange for April delivery last traded at 180.0 US cents per kg, down 1.5 cents.
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