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Tokyo rubber rises slightly on April 12

Tokyo Commodity Exchange (TOCOM) futures rose on Friday, supported by firm oil prices, while Shanghai futures fell slightly. The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finished 0.4 yen ($0.0036) higher at 192.3 yen per kg.

The most-active rubber contract on the Shanghai futures exchange for September delivery fell 10 yuan ($1.49) to finish at 11,930 yuan per tonne. TOCOM's technically specified rubber (TSR) 20 futures contract for October delivery closed up 0.5 yen at 173 yen per kg.

The front-month rubber contract on Singapore's SICOM exchange for May delivery last traded at 154.1 US cents per kg, down 0.1 percent. The US dollar was quoted around 111.92 yen, compared with around 111.65 yen on Thursday afternoon.

Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by US sanctions on petroleum exporters Iran and Venezuela. Japan's benchmark Nikkei stock average was up 0.73 percent.

Reuters