Asian rubber prices ended Wednesday's trading session mixed, marked by gains in Tokyo rubber futures and a slight fall in Shanghai futures.
Tokyo rubber ended slightly higher against a backdrop of continued risk-on sentiment among asset classes.
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Hopes of a cut in overseas shipments, coupled with lower production, have stabilized prices, traders said. A weaker yen this week has also lent support to the market.
The Tokyo Commodity Exchange rubber contract for October delivery rose 0.2% to Y218.8 ($1.97) a kilogram.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 100 yuan to settle at 14,695 yuan ($2,132) a metric ton.
Asian Rubber Futures
April 26 Change from previous close
Tocom Sep RSS3 Y218.8/Kg Up Y0.5
Shanghai Sep SCR5 CNY14,695/ton Down CNY100
Sicom May RSS3 226.0 US cents/Kg Up 3.5 US cents
Sicom Sep TSR20 159.0 US cents/Kg Down 3.7 US cents
USS May THB70.31-THB70.51/Kg THB70.07-THB70.10/Kg
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(END) Dow Jones Newswires
April 26, 2017 08:02 ET (12:02 GMT)