Rubber rebounds

14 Jun, 2014

Benchmark Tokyo rubber futures rebounded on Friday, posting the biggest weekly gain in about nine months, helped by healthy economic data from top buyer China and a rise in Nikkei share prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery ended 2.1 yen, or 1.1 percent, higher at 201.1 yen ($1.97) per kg, after dropping to as low as 197.0 yen.
The most-active rubber contract on the Shanghai futures exchange for September delivery rose 135 yuan to finish at 14,390 yuan ($2,300) per tonne. The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 168.00 US cents per kg, up 0.6 cent.

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