Tokyo rubber futures snap 4-day losing streak

TOKYO: Japanese rubber futures snapped a four-day losing streak on Tuesday on bargain hunting and supply worries from Thailand due to bad weather and labor shortages amid the Covid-19 pandemic, dealers said.

Osaka Exchange's (OSE) rubber contract for February delivery finished 0.7 yen, or 0.4%, higher at 180.3 yen ($1.70) per kg, recovering from an about two-week low hit the previous day.

The most-active rubber contract on the Shanghai futures exchange for January delivery fell 10 yuan to finish at 12,510 yuan ($1,830) per tonne.

The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 134.7 US cents per kg, up 0.1% from the previous session.