Tokyo Commodity Exchange (TOCOM) futures rose for a fourth session on Wednesday, hitting a more than 2-week high, supported by a rally in Shanghai futures, although it gave up some gains in late trade.
TOCOM's rubber contract for September delivery closed 2.5 yen higher at 151.3 yen ($1.39) per kg, after touching its highest since March 23 of 154.1 yen earlier in the session.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 190 yuan to finish at 10,070 yuan ($1,426) per tonne, ending above a key 10,000 yuan level for the first time since March 18.
The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 111.7 US cents per kg, up 2.9%.
Japan's Honda Motor and Nissan Motor on Tuesday said they had furloughed thousands of workers at their US operations as the coronavirus pandemic slashes demand for cars in the country.
The Chinese city where the new coronavirus emerged ended its more than two-month lockdown on Wednesday.
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