Benchmark Tokyo rubber futures climbed for a fourth session on Monday, supported by stronger Nikkei share prices and the yen's fall, but trade was thin amid a long holiday in top consumer China. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished 1.0 yen, or 0.6 percent, higher at 170.9 yen ($1.42) per kg. "The market got a boost from higher stock market in Tokyo and the weaker yen," said Satoru Yoshida, a commodity analyst at Rakuten Securities.
The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 124.1 US cents per kg, up 0.9 cent. Chinese financial markets are closed until October 7 for national holidays, reopening on October 8. "The rubber market will focus on share prices, the yen and other commodities prices until the end of China's holiday and stay in a narrow trading range with the bottom end at the September's low of 162.7 yen," Yoshida said.