SINGAPORE: Japanese rubber futures strengthened on Thursday, driven by hopes of easing trade tensions between the US and top consumer China, but gains were capped by a firmer supply outlook.
The Osaka Exchange (OSE) rubber contract for October delivery ended daytime trade 3.8 yen higher, or 1.33%, at 290 yen ($2.03) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 170 yuan, or 1.17%, to 14,735 yuan ($2,020.02) per metric ton.
The most active May butadiene rubber contract on the SHFE gained 165 yuan, or 1.49%, to 11,235 yuan ($1,540.20) per metric ton. US Treasury Secretary Scott Bessent stressed high tariffs between the US and China were unsustainable, as the Trump administration hinted at a willingness to de-escalate the trade war.
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