Rubber rises

Benchmark Tokyo rubber futures prices hit a one-week high on Friday, marking the first weekly gain in four and buoyed by a gain in Shanghai futures and stronger oil prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for April delivery finished 4.4 yen, or 2.3 percent, higher at 195.7 yen ($1.76) per kg, after hitting the highest since November 15 of 196.0 yen earlier in the session. Japanese markets were closed on Thursday for a national holiday. For the week, the benchmark marked a 2.8 percent increase.
The TOCOM's November rubber contract expired on Friday at 183.6 yen per kg.