Tokyo rubber edges higher on May 15
Tokyo Commodity Exchange (TOCOM) futures edged higher on Wednesday as a slight softening in rhetoric from US President Donald Trump eased worries about the US-China tariff war.
The benchmark TOCOM rubber contract for October delivery finished 0.1 yen higher at 186.0 yen ($1.7) per kg, rebounding from an earlier loss. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 20 yuan to finish at 11,745 yuan ($1,708) per tonne.
TOCOM's technically specified rubber (TSR) 20 futures contract for November delivery closed down 0.6 percent at 159.1 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 148.0 US cents per kg, down 0.1 percent. "Recovery in Shanghai futures amid hopes for a US-China trade deal helped the TOCOM regain ground," said Satoru Yoshida, a commodity analyst with Rakuten Securities.
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