Tokyo rubber tracks Shanghai higher on Dec. 17
Tokyo Commodity Exchange (TOCOM) futures rose on Tuesday, tracking stronger Shanghai futures amid optimism over an interim trade deal between China and the United States. TOCOM's rubber contract for May delivery finished 1.1 yen ($0.0101) higher at 200.9 yen per kg.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 165 yuan ($23.44) to finish at 13,265 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last up 160 yuan at 11,080 yuan per tonne.
The front-month rubber contract on Singapore's SICOM exchange for January delivery last traded at 147.3 US cents per kg, up 0.6%.
The US dollar was quoted around 109.58 yen, compared with around 109.49 yen on Monday afternoon.
Oil prices climbed as investors kept the faith with hopes that a fully-fledged US-China trade deal is in the pipeline, set to stoke oil demand in the world's biggest economies.
Japan's benchmark Nikkei stock average gained 0.47%.
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