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Tokyo Commodity Exchange (TOCOM) futures rose slightly on Tuesday on higher prices of raw materials amid tight supplies in the main production regions, even as Shanghai futures dropped.

The benchmark TOCOM rubber contract for February delivery finished up 1.5 yen ($0.0139) at 168.1 yen per kg.

"There has been more rainfall in Thailand and Vietnam since August, affecting rubber tapping in the regions," said Tang Xiaonan, analyst, JLC Network Technology Co Ltd, explaining the rise.

"But demand here in China remains quite weak," Tang said.

The most-active rubber contract on the Shanghai futures exchange for January delivery fell 135 yuan ($18.99) to finish at 11,835 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last down 85 yuan at 10,100 yuan per tonne.

TOCOM's TSR 20 futures contract for March delivery closed at 153.9 yen per kg.

The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 132.4 US cents per kg, down 0.7%.

Copyright Reuters, 2019


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