TOKYO: Japanese rubber futures closed higher for the first time in five days on Monday, after data over the weekend showed big gains in profitability among China’s industrial companies, pointing to a broad revival in its economy from the pandemic.

Osaka Exchange’s rubber contract for September delivery finished 2 yen, or 0.8%, higher at 250 yen per kg.

The rubber contract on the Shanghai futures exchange for May delivery rose 1% to finish at 14,160 yuan per tonne.