Tokyo Commodity Exchange (TOCOM) futures jumped on Monday, tracking strong Shanghai futures, supported by firm oil prices. The benchmark TOCOM rubber contract for September delivery finished 0.8 yen ($0.0071) higher at 189.3 yen per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 30 yuan ($4.47) to finish at 11,480 yuan per tonne. TOCOM's technically specified rubber (TSR) 20 futures contract for October delivery closed up 0.8 yen at 169.8 yen per kg.
The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 149.9 US cents per kg, up 0.1 percent.
The US dollar was quoted around 111.9 yen, compared with around 111.91 yen on Friday afternoon.
Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must end their imports or be subject to sanctions.
Japan's benchmark Nikkei stock average was up 0.08 percent.
Comments
Comments are closed.