Benchmark Tokyo rubber futures rose on Thursday, recovering from the three-week low hit the previous day, as firmer crude oil prices and a weak yen caused investors to cover their short positions, dealers said. The Tokyo Commodity Exchange rubber contract for October delivery finished 2.1 yen, or 1 percent, higher at 217.7 yen ($1.80) per kg. "Higher oil prices and weak yen lent a support to the market," said a Tokyo-based dealer who declined to be named.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 30 yuan to finish at 13,810 yuan ($2,228.93) per tonne. The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 153.3 US cents per kg, up 1.7 cent.
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