Tokyo rubber higher

23 Aug, 2022

SINGAPORE: Japanese rubber futures inched higher on Monday, supported by gains in the Shanghai market and a weaker yen against the dollar.

The Osaka Exchange rubber contract for January delivery was up 1.0 yen, or 0.4%, at 227.0 yen ($1.65) per kg, as of 0200 GMT.

The rubber contract on the Shanghai futures exchange for January delivery was up 110 yuan, or 0.9%, at 12,825 yuan ($1,878) per tonne. Japan’s benchmark Nikkei share average opened down 0.95%.

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