Rubber climbs

Benchmark Tokyo rubber futures climbed for a second session on Wednesday as investors looked for bargains after recent losses, while rising Shanghai futures and soft yen also lent support, dealers said. "Higher Shanghai market prompted buys in Tokyo," said Toshitaka Tazawa, analyst, Fujitomi Co.
The Tokyo Commodity Exchange rubber contract for July delivery finished up 5.5 yen, or 1.8 percent, at 309.0 yen ($2.75) per kg. The most-active rubber contract on the Shanghai futures exchange for May delivery rose 445 yuan to finish at 20,725 yuan ($3,010.7) per tonne. The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 222.9 US cents per kg, up 1.4 cent.