Tokyo Rubber

October 16, 2013 Benchmark Tokyo rubber futures rose 2.4 percent on Tuesday, backed by the strength in Shanghai futures, with a record-high yuan also prompting Chinese investors to buy Japanese commodities, brokers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for March delivery rose 6.3 yen, or 2.4 percent, to settle at 270.8 yen ($2.76) per kg. The contract jumped as high 2.8 percent to 272.0 yen in early trade, the highest since September 27, on hopes…

October 12, 2013 Tokyo rubber futures jumped nearly 3 percent on Friday to their highest in over a week as perceived progress in US debt talks spurred speculative buying, but weaker oil prices weighed on the market, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery rose 5.1 yen to settle at 264.5 yen per kg. It rose as much as 7.6 yen, or 2.9 percent, to 267.0 yen per kg, the highest since October 1. The most-active rubber contract on the…

August 20, 2013 Tokyo rubber futures ended lower on Monday on profit-taking in the late session after hovering around the previous session's close amid light trade, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery dropped 0.8 yen, or 0.3 percent, to settle at 266.5 yen ($2.73) per kg. "Today's trade was more to do with technical as there was no fresh news," a Tokyo-based broker said. "Sell orders kicked in apparently from foreign…

April 13, 2013 Benchmark Tokyo rubber futures closed slightly lower on Friday, yet still posted the largest weekly gain since September, as investors were split on whether the rally driven by a weak yen would keep overshadowing the market's oversupply. The benchmark Tokyo Commodity Exchange rubber contract, for September delivery, settled Friday 0.5 yen lower at 276.4 yen ($2.8) per kg. The September contract rose 9 percent this week, bolstered by a weaker yen, the first weekly gain…