Tocom rubber rises on strong oil prices, Shanghai futures
Tokyo Commodity Exchange (TOCOM) futures rose on Friday, tracking firm oil prices and Shanghai futures. TOCOM's rubber contract for May delivery finished 0.9 yen ($0.0082) higher at 198.9 yen per kg. For the week, the contract rose 3%.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 115 yuan ($16.43) to finish at 12,850 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last up 105 yuan at 10,720 yuan per tonne
The US dollar was quoted around 109.5 yen, compared with around 109.63 yen on Thursday afternoon. Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing.
Japan's benchmark Nikkei stock average was down 0.36% The front-month rubber contract on Singapore's SICOM exchange for January delivery last traded at 144 US cents per kg, up 0.3%.
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