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Benchmark Tokyo rubber futures rose on Tuesday, in line with firm oil prices and Shanghai futures, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, recovered after hitting 204 yen on Friday, the lowest since December 22.

The Tokyo Commodity Exchange rubber contract for June delivery finished 1.1 yen, 0.5 percent, higher at 205.9 yen ($1.83) per kg. The most-active rubber contract on the Shanghai futures exchange for May delivery rose 40 yuan to finish at 14,075 yuan ($2,164) per tonne.

Copyright Reuters, 2018


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