Tokyo Commodity Exchange (TOCOM) futures rose on Monday, tracking firm Shanghai futures. TOCOM's rubber contract for April delivery finished 0.6 yen ($0.0055) higher at 187.6 yen per kg. The most-active rubber contract on the Shanghai futures exchange for January delivery rose 105 yuan ($14.92) to finish at 12,800 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last up 45 yuan at 10,865 yuan per tonne.
TOCOM's TSR 20 futures contract for May delivery closed at 149.1 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for December delivery last traded at 141.6 US cents per kg, up 0.2%. The US dollar was quoted around 108.82 yen, compared with around 108.64 yen on Friday afternoon.
Oil prices rose on Monday as positive signals from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war. Japan's benchmark Nikkei stock average was up 0.78%.
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