Tokyo rubber up; Shanghai down

Key Tokyo rubber futures erased earlier losses and ended higher on Wednesday as firmness in Shanghai rubber futures encouraged investors to buy back rubber, though weakness in oil and stocks on concerns over the US economy limited gains. The key Tokyo Commodity Exchange rubber contract for January delivery rose 3.9 yen, or 1 percent, to settle at 391.1 yen per kg, after falling as low as 382 yen, or 1.3 percent, earlier in the day.
The most active Shanghai rubber contract for January delivery closed at 35,685 yuan ($5,542.698) per tonne on Wednesday, down slightly from Tuesday's close at 35,725 yuan per tonne. The contract rose as high as 36,045 yuan earlier on Wednesday, or up 1 percent. Volume stood at 452,264 lots.