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Tokyo rubber rises on August 30

Tokyo Commodity Exchange (TOCOM) futures rose on Friday after the United States and China showed willingness to resolve their trade dispute, but the soft commodity booked its third straight weekly loss.

The benchmark TOCOM rubber contract for February delivery finished 3.9 yen, or 2.4%, higher at 163.5 yen ($1.55) per kg. For the week, it lost 1.4%.

The most-active rubber contract on the Shanghai futures exchange for January delivery rose 140 yuan to finish at 11,815 yuan ($1,666) per tonne, after touching the highest since June 19 of 11,870 yuan earlier in the session.

China's new technically specified rubber (TSR) 20 futures contract was last up 100 yuan at 10,065 yuan per tonne.

Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.9% from last Friday, the exchange said on Friday.

TOCOM's TSR 20 futures contract for February delivery closed flat at 141.0 yen per kg, remaining at the same level for a fourth straight day.

The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 128.5 US cents per kg, up 0.2%.

The United States and China gave signs on Thursday that they will resume trade talks as the two economic superpowers discussed the next round of in-person negotiations in September ahead of a looming deadline for additional US tariffs.

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